Common use of Corporation to Reserve Shares Clause in Contracts

Corporation to Reserve Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Shares (if the number 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 Shares as shall then be issuable upon the conversion of all outstanding Debentures. The Corporation covenants with the Trustee that all Shares which shall be so issuable shall be duly and validly issued as fully-paid, non-assessable and Freely Tradeable.

Corporation to Reserve Shares. The Corporation covenants with the Indenture 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 5 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 Indenture Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid, paid and non-assessable and Freely Tradeableassessable.

Corporation to Reserve Shares. The Corporation covenants with the Indenture 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 Indenture Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid, paid and non-assessable and Freely Tradeableassessable.

Corporation to Reserve Shares. The Corporation covenants with the Trustee that it will at all times reserve and keep available out of its authorized Shares (if the number becomes limited)Common 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, hereunder such number of Common Shares as shall then be issuable upon the conversion of all outstanding Debentures and upon the exercise of any Warrants that may be issued upon the conversion of any 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, fully paid and non-assessable and Freely Tradeableassessable.

Corporation to Reserve Shares. ‌ The Corporation covenants with the Indenture 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 Indenture Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully-paid, non-assessable paid and Freely Tradeablenon- assessable.