Common use of Covenant as to Common Stock Clause in Contracts

Covenant as to Common Stock. The Company covenants that all shares of Common Stock which may be issued upon conversion of the Note or the Credit Facility Note will upon issuance be fully paid and nonassessable and, except as provided in Section 11.8 hereof, the Company will pay all taxes, liens and charges with respect to the issue thereof.

Appears in 3 contracts

Samples: Convertible Subordinated Note Agreement (Abbott Laboratories), Convertible Subordinated Note Agreement (Micro Therapeutics Inc), Convertible Subordinated Note Agreement (Micro Therapeutics Inc)

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Covenant as to Common Stock. The Company covenants that all shares of Common Stock which may be issued upon conversion of the Note or the Credit Facility Note will upon issuance be fully paid and nonassessable and, except as provided in Section 11.8 3.8 hereof, the Company will pay all taxes, liens and charges with respect to the issue thereof.

Appears in 2 contracts

Samples: Credit Agreement (Micro Therapeutics Inc), Credit Agreement (Abbott Laboratories)

Covenant as to Common Stock. The Company covenants that all shares of Common Stock which may be issued upon conversion of the Note or the Credit Facility Note Securities will upon issuance be fully paid and nonassessable and, except as provided in Section 11.8 hereof, and that the Company will pay all taxes, liens Liens and charges with respect to the issue issuance thereof, except (1) as provided in Section 12.8 or (2) with respect to any Liens or charges created by or imposed upon such Common Stock by the Holder of the Security or Securities to be converted.

Appears in 1 contract

Samples: Indenture (L 3 Communications Holdings Inc)

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Covenant as to Common Stock. The Company covenants that all shares of Common Stock which may be are issued upon conversion of the Note or the Credit Facility Note Notes will upon issuance issue be fully paid and nonassessable and, except as provided in Section 11.8 hereof10.08, the Company will pay all taxes, liens and charges with respect to the issue thereof.

Appears in 1 contract

Samples: Indenture (Veeco Instruments Inc)

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