Common use of Corporation to Reserve Shares Clause in Contracts

Corporation to Reserve Shares. The Corporation covenants 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 Notes as provided herein, and allot for issue to Noteholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Notes. All Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.

Corporation to Reserve Shares. The Corporation covenants 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 Notes Debentures as provided herein, and allot for issue to Noteholders Debentureholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding NotesDebentures. All Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.

Corporation to Reserve Shares. The Corporation covenants 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 Notes the Debenture as provided herein, and allot for conditionally issue to Noteholders the Holder who may exercise their its conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Notesthe Debenture. All Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.

Corporation to Reserve Shares. The Corporation covenants 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 Notes as provided hereinin this Part provided, and conditionally allot for issue to Noteholders who may exercise their conversion rights hereunder, such number of Common Shares as shall then be issuable upon the conversion of all outstanding Notes. All Notes The Corporation covenants that all Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.