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 pre-emptive rights, out of its authorized but unissued Common Stock, such number of shares of Common Stock as shall then be deliverable upon the conversion of all outstanding Convertible Securities. * * * * *

Appears in 2 contracts

Samples: Indenture (Bankamerica Corp/De/), Indenture (Sovereign Capital Trust Iv)

AutoNDA by SimpleDocs

Covenant to Reserve Shares. The Company Corporation covenants that it will at all times reserve and keep available, free from pre-emptive rights, out of its authorized but unissued Common Stock, such number of shares of Common Stock as shall then be deliverable upon the conversion of all outstanding Convertible Securities. * * * * *Securities of any series of Securities which are convertible into Common Stock.

Appears in 2 contracts

Samples: Indenture (J P Morgan Chase & Co), Indenture (J P Morgan Chase & Co)

Covenant to Reserve Shares. The Company Corporation covenants that it will at all times reserve and keep available, free from pre-emptive rights, out of its authorized but unissued Shares of Common Stock, such number of shares Shares of Common Stock as shall then be deliverable upon the conversion of all outstanding Convertible Securities. * * * * *Xxxxx Fargo Bank, National Association, the party of the second part, xxxxxx accepts the trusts in this Indenture, solely as Trustee, upon the terms and conditions herein above set forth.

Appears in 1 contract

Samples: Indenture (Mercer International Inc.)

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from pre-emptive rights, out of its authorized but unissued Common Stock, Stock such number of shares of Common Stock as shall then be deliverable upon the conversion of all outstanding Convertible Securities. * * * * *

Appears in 1 contract

Samples: Indenture (Bankamerica Corp/De/)

AutoNDA by SimpleDocs

Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from pre-emptive rights, out of its authorized but unissued Common Stock, such number of shares of Common Stock as shall then be deliverable upon the conversion of all outstanding Convertible Securities. * * * * *107 117

Appears in 1 contract

Samples: Indenture (Indymac Capital Trust I)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!