Common use of Covenant Regarding Securities Clause in Contracts

Covenant Regarding Securities. The Company covenants that all shares of Common Stock or other securities of the Company that may be issued upon the exercise of the Warrants will, upon issuance, be (i) duly authorized, validly issued, fully paid and nonassessable, (ii) free from preemptive and any other similar rights, (iii) free from any taxes, liens, charges or security interests with respect thereto and (iv) included for trading on each securities exchange, if any, on which such shares of Common Stock or other securities are then listed.

Appears in 2 contracts

Samples: Warrant Agreement (E Spire Communications Inc), Warrant Agreement (American Communications Services Inc)

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Covenant Regarding Securities. The Company Corporation covenants that all shares of Common Stock or other securities of the Company Corporation that may be issued upon the exercise of the Warrants will, upon issuance, be (ia) duly authorized, validly issued, fully paid and nonassessable, (iib) free from preemptive and any other similar rights, rights and (iiic) free from any taxes, liens, charges or security interests interest with respect thereto and (iv) included for trading on each securities exchange, if any, on which such shares of Common Stock or other securities are then listedthereto.

Appears in 1 contract

Samples: Warrant Agreement (Breed Technologies Inc)

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Covenant Regarding Securities. The Company Corporation covenants that all shares of Common Stock or other securities of the Company Corporation that may be issued upon the exercise of the Warrants will, upon issuance, be (ia) duly authorized, validly issued, fully paid and nonassessable, (iib) free from preemptive and any other similar rights, rights and (iiic) free from any taxes, liens, charges or security interests interest with respect thereto except transfer taxes and (iv) included for trading on each securities exchange, if any, on which such shares of Common Stock or other securities are then listedFlorida documentary stamp taxes to the extent applicable thereto.

Appears in 1 contract

Samples: Warrant Agreement (Vitas Healthcare Corp)

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