Common use of Covenant to Reserve Shares Clause in Contracts

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stock, solely for the purpose of issuance upon conversion of Securities as herein provided, such number of shares of common stock as shall then be issuable upon the conversion of all outstanding Securities. The Company covenants that all shares of common stock which shall be so issuable shall be, when issued, duly and validly issued and fully paid and non-assessable. For purposes of this Section 11.12, the number of shares of common stock which shall be deliverable upon the conversion of all outstanding Securities shall be computed as if at the time of computation all outstanding Securities were held by a single holder.

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stockCommon Stock, solely for the purpose of issuance upon conversion of the Securities as herein provided, such number of shares of common stock Common Stock as shall then be issuable upon the conversion of all outstanding Securities. The Company covenants that all shares of common stock Common Stock which shall be so issuable shall be, when issued, duly and validly issued and fully paid and non-assessable. For purposes of this Section 11.1210.12, the number of shares of common stock Common Stock which shall be deliverable upon the conversion of all outstanding Securities shall be computed as if at the time of computation all outstanding Securities were held by a single holder.

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stockCommon Stock, solely for the purpose of issuance upon conversion of Securities Debentures as herein provided, such number of shares of common stock Common Stock as shall then be issuable upon the conversion of all outstanding SecuritiesDebentures. The Company covenants that all shares of common stock Common Stock which shall be so issuable shall be, when issuedissued in accordance with the Debentures and this Indenture, duly and validly issued and fully paid and non-assessablenonassessable. For purposes of this Section 11.1213.12, the number of shares of common stock Common Stock which shall be deliverable upon the conversion of all outstanding Securities Debentures shall be computed as if at the time of computation all outstanding Securities Debentures were held by a single holder.

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stock, solely for the purpose of issuance upon conversion of Securities as herein provided, such number of shares of common stock as shall then be issuable upon the conversion of all outstanding Securities. The Company covenants that all shares of common stock which shall be so issuable shall be, when issued, duly and validly issued and fully paid and non-assessable. For purposes of this Section 11.1210.12, the number of shares of common stock which shall be deliverable upon the conversion of all outstanding Securities shall be computed as if at the time of computation all outstanding Securities were held by a single holder.

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stockCommon Shares, solely for the purpose of issuance upon conversion of the Securities as herein provided, such number of shares of common stock Common Shares as shall then be issuable upon the conversion of all outstanding Securities. The Company covenants that all shares of common stock Common Shares which shall be so issuable shall be, when issued, duly and validly issued and fully paid and non-assessable. For purposes of this Section 11.1210.12, the number of shares of common stock Common Shares which shall be deliverable upon the conversion of all outstanding Securities shall be computed as if at the time of computation all outstanding Securities were held by a single holder.

Covenant to Reserve Shares. The Company REIT covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stockCommon Stock, solely for the purpose of issuance upon conversion exchange of Securities as herein provided, such number of shares of common stock Common Stock as shall then be issuable upon the conversion exchange of all outstanding Securities. The Company REIT covenants that all shares of common stock Common Stock which shall be so issuable shall be, when issued, duly and validly issued and fully paid and non-assessable. For purposes of this Section 11.1212.12, the number of shares of common stock Common Stock which shall be deliverable upon the conversion exchange of all outstanding Securities shall be computed as if at the time of computation all outstanding Securities were held by a single holder.

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stockCommon Stock, solely for the purpose of issuance upon conversion of Securities as herein provided, such number of shares of common stock Common Stock as shall then be issuable upon the conversion of all outstanding Securities. The Company covenants that all shares of common stock Common Stock which shall be so issuable shall be, when issued, duly and validly issued and fully paid and non-assessablenonassessable. For purposes of this Section 11.1210.04, the number of shares of common stock Common Stock which shall be deliverable upon the conversion of all outstanding Securities shall be computed as if at the time of computation all outstanding Securities were held by a single holderHolder.

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stockCommon Stock, solely for the purpose of issuance upon conversion of Securities the Convertible Notes as herein provided, such number of shares of common stock Common Stock as shall then be issuable upon the conversion of all outstanding SecuritiesConvertible Notes. The Company covenants that all shares of common stock Common Stock which shall be so issuable shall be, when issued, duly and validly issued and fully paid and non-assessable. For purposes of this Section 11.1212.9, the number of shares of common stock Common Stock which shall be deliverable upon the conversion of all outstanding Securities Convertible Notes shall be computed as if at the time of computation all outstanding Securities Convertible Notes were held by a single holder.

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stock, solely for the purpose of issuance upon conversion of any Securities as herein provided, such number of shares of common stock as shall then be issuable upon the conversion of all outstanding any such Securities. The Company covenants that all shares of common stock which shall be so issuable shall be, when issued, duly and validly issued and fully paid and non-assessable. For purposes of this Section 11.1210.12, the number of shares of common stock which shall be deliverable upon the conversion of all outstanding any such Securities shall be computed as if at the time of computation all outstanding such Securities were held by a single holder.