Corporation to Reserve Shares. The Corporation covenants with the Holder that it will at all times reserve and keep available out of its authorized Common Shares, solely for the purpose of issue upon conversion of this Debenture as in this section 1 provided, such number of Common Shares as shall then be issuable upon the conversion in whole of this Debenture. The Corporation covenants with the Holder that all Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.
Appears in 3 contracts
Samples: Debenture Purchase Agreement (Moore Corporation LTD), Debenture Purchase Agreement (Moore Corporation LTD), Debenture Purchase Agreement (Chancery Lane/GSC Investors Lp)
Corporation to Reserve Shares. The Corporation covenants with the Holder that it will shall at all times reserve and keep available out of its authorized Common Shares, Shares and solely for the purpose of issue upon conversion of this Debenture as in this section 1 Article 6 provided, and conditionally allot to the Holder, such number of Common Shares as shall then be issuable upon the conversion in whole of this Debentureconversion. The Corporation covenants with the Holder 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: Convertible Debenture, Convertible Debenture (B Twelve Inc)
Corporation to Reserve Shares. The Corporation covenants with the Holder that it will at all times reserve and keep available out of its authorized Common Shares, solely for the purpose of issue upon conversion of this Debenture as in this section 1 provided, such number of Common Shares as shall then be issuable upon the conversion in whole of this Debenture. The Corporation covenants with the Holder that all Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.
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Corporation to Reserve Shares. The Corporation covenants with the Holder Trustee that it will at all times reserve and keep available out of its authorized Common Shares, solely for the purpose of issue upon conversion of this Debenture Debentures as in this section 1 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 in whole of this Debentureall outstanding Debentures. The Corporation covenants with the Holder Trustee that all Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.
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