Common use of Corporation to Reserve Common Shares Clause in Contracts

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 23 contracts

Samples: Indenture (Canopy Growth Corp), Convertible Debenture Indenture (Siyata Mobile Inc.), Indenture (Organigram Holdings Inc.)

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Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article 6 provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 9 contracts

Samples: Convertible Debenture Indenture, Convertible Debenture Indenture, Convertible Debenture Indenture

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-non- assessable.

Appears in 7 contracts

Samples: Indenture (C21 Investments Inc.), Indenture (C21 Investments Inc.), Indenture (C21 Investments Inc.)

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures Notes as in this Article provided, and conditionally allot to Debentureholders Noteholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding DebenturesNotes. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 2 contracts

Samples: Indenture (Sundial Growers Inc.), Indenture (Terrace Energy Corp)

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion payment of Debentures Debenture Liabilities as set forth in this Article providedIndenture, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall shall, when issued, be duly and validly issued as fully-paid and non-assessable.

Appears in 2 contracts

Samples: Indenture (Canopy Growth Corp), Indenture (Canopy Growth Corp)

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee Trustees that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article 6 provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee Trustees that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 2 contracts

Samples: Convertible Debenture Indenture (Energy Fuels Inc), Convertible Debenture Indenture (Energy Fuels Inc)

Corporation to Reserve Common Shares. The Corporation covenants with the Debenture Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited)Shares, solely for the purpose of issue upon conversion of Debentures as provided in this Article provided5, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Debenture Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 2 contracts

Samples: Trust Indenture (Red Mile Entertainment Inc), Trust Indenture (Red Mile Entertainment Inc)

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-non- assessable.

Appears in 2 contracts

Samples: Indenture (Vision Marine Technologies Inc.), Secured Trust Indenture

Corporation to Reserve Common Shares. The Corporation covenants with the Debenture Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited)Shares, solely for the purpose of issue upon conversion of Debentures as in this Article provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Debenture Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-fully paid and non-assessable.

Appears in 2 contracts

Samples: Note Indenture (PENGROWTH ENERGY Corp), Trust Indenture (Zarlink Semiconductor Inc)

Corporation to Reserve Common Shares. The Corporation covenants with the Debenture Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited)Shares, solely for the purpose of issue upon conversion of Debentures as provided in this Article provided6, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall will then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Debenture Trustee that all Common Shares which shall will be so issuable shall will be duly and validly issued as fully-paid and non-assessable.

Appears in 2 contracts

Samples: Trust Indenture (IntelGenx Technologies Corp.), Trust Indenture (IntelGenx Technologies Corp.)

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as provided in this Article provided6, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 1 contract

Samples: Convertible Debenture Indenture

Corporation to Reserve Common Shares. β€Œ The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-non- assessable.

Appears in 1 contract

Samples: Indenture

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as provided in this Article provided5, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-non- assessable.

Appears in 1 contract

Samples: Convertible Debenture Indenture

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Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding DebenturesDebentures and Warrants. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 1 contract

Samples: Secured Trust Indenture

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be is equal to the maximum number of Common Shares issuable upon the conversion of all outstanding DebenturesDebentures from time to time . The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-fully - paid and non-assessablenon - assessable .

Appears in 1 contract

Samples: Indenture (PyroGenesis Canada Inc.)

Corporation to Reserve Common Shares. The Corporation covenants with the Debenture Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited)Shares, solely for the purpose of issue upon conversion of Debentures as in this Article provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Debenture Trustee that all Common Shares which that shall be so issuable shall be duly and validly issued as fully-fully paid and non-assessable.

Appears in 1 contract

Samples: Trust Indenture (Gastar Exploration LTD)

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessableassessable and, in the case of Common Shares issued upon the conversion of Debentures distributed pursuant to the Initial Debenture Offering, shall be Freely Tradeable.

Appears in 1 contract

Samples: Debenture Indenture (Bellatrix Exploration Ltd.)

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as provided in this Article providedARTICLE VI, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 1 contract

Samples: Convertible Debenture Indenture (Brigus Gold Corp.)

Corporation to Reserve Common Shares. β€Œ The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article 6 provided, and conditionally allot to Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 1 contract

Samples: Convertible Debenture Indenture

Corporation to Reserve Common Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Common Shares (if the number thereof is or becomes limited), solely for the purpose of issue upon conversion of Debentures as in this Article or Section 2.3(9) provided, and conditionally allot to Debentureholders who may exercise their conversion rights or become subject to automatic conversion hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid and non-assessable.

Appears in 1 contract

Samples: Indenture

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