Common use of Covenant as to Stock Clause in Contracts

Covenant as to Stock. The Company covenants that all shares of Common Stock which may be delivered upon conversion of the Debenture will upon delivery be duly and validly issued and fully paid and nonassessable, free of all liens and charges and not subject to any preemptive rights.

Covenant as to Stock. The Company covenants that all shares of Common Stock which may be delivered upon conversion of the Debenture Securities will upon delivery be duly and validly authorized and issued and fully paid and nonassessablenon-assessable, free of all liens and charges imposed by the Company and not subject to any preemptive rights.

Covenant as to Stock. The Company covenants that all shares of Common Stock which may be delivered upon conversion of the Debenture Securities will upon delivery be duly and validly issued and fully paid and nonassessablenon-assessable, free of all liens and charges imposed by the Company and not subject to any preemptive rights.

Covenant as to Stock. The Company covenants convenants that all shares of Common Stock which may shall be delivered issued upon conversion of the Debenture will upon delivery Debentures shall be duly and validly issued and fully paid and nonassessablenonassessable and, free of except as provided in ss. 4.4, the Company will pay all taxes, liens and charges charges, including any legal or accounting fees and not subject expenses with respect to any preemptive rightsthe issuance thereof.