Common use of Covenant as to Common Stock Clause in Contracts

Covenant as to Common Stock. (a) The Company covenants that all shares of its Common Stock which may be issued upon conversion of Convertible Notes will upon issue be validly issued, fully paid and nonassessable. (b) The Company shall from time to time take all action necessary so that the Common Stock which may be issued upon conversion of Convertible Notes, immediately upon their issuance (or, if such Common Stock is subject to restrictions on transfer under the Securities Act, upon their resale pursuant to an effective registration statement filed under the Securities Act), will be listed on the principal securities exchanges, interdealer quotation systems and markets, if any, on which other shares of Common Stock of the Company are then listed or quoted.

Appears in 1 contract

Samples: Indenture (Usn Communications Inc)

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Covenant as to Common Stock. (a) The Company covenants that all shares of its Common Stock which may be issued upon conversion of Convertible Notes Securities will upon issue be validly issued, fully paid and nonassessable. (b) The Company shall from time to time take all action necessary so that the shares of Common Stock which may be issued upon conversion of Convertible NotesSecurities, immediately upon their issuance (or, if such shares of Common Stock is are subject to restrictions on transfer under the Securities Act, upon their resale pursuant to an effective registration statement filed under the Securities ActConversion Shares Shelf Registration Statement), will be listed on the principal securities exchanges, interdealer quotation systems and markets, if any, on which other shares of Common Stock of the Company are then listed or quoted.

Appears in 1 contract

Samples: Indenture (Geotek Communications Inc)

Covenant as to Common Stock. (a) The Company covenants that all shares of its Common Stock which may be issued upon conversion of Convertible Notes will upon issue be validly issued, fully paid and nonassessable. (b) The Company shall from time to time take all action necessary so that the Common Stock which may be issued upon conversion of Convertible Notes, immediately upon their issuance (or, if such Common Stock is subject to restrictions on transfer under the Securities Act, upon their resale pursuant to an effective registration statement filed under the Securities ActConvertible Note Shares Shelf Registration Statement), will be listed on the principal securities exchanges, interdealer quotation systems and markets, if any, on which other shares of Common Stock of the Company are then listed or quoted.

Appears in 1 contract

Samples: Indenture (United Usn Inc)

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Covenant as to Common Stock. (a) The Company covenants that all shares of its Common Stock which may be issued upon conversion of Convertible Notes will upon issue be validly issued, fully paid and nonassessable. (b) The Company shall from time to time take all action necessary so that the Common Stock which may be issued upon conversion of Convertible Notes, immediately upon their issuance (or, if such Common Stock is subject to restrictions on transfer under the Securities Act, upon their resale pursuant to an effective registration statement filed under the Securities ActConvertible Note Shares Shelf Registration Statement), will be listed on the principal securities exchanges, interdealer quotation systems and markets, if any, on which other shares of Common Stock of the Company are then listed or quoted.

Appears in 1 contract

Samples: Indenture (PLD Telekom Inc)

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