Covenants as to Ordinary Shares. The Company covenants that all Ordinary Shares which may be issued against tender of payment in respect of any Purchase Contract constituting a part of the Outstanding Securities will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable.
Appears in 2 contracts
Samples: Purchase Contract Agreement (Ace LTD), Purchase Contract Agreement (Ace LTD)
Covenants as to Ordinary Shares. The Company covenants that all Ordinary Shares which may will be issued against tender of payment in respect of any Purchase Contract Contracts constituting a part of the Outstanding Securities Units will, upon issuanceissuance as contemplated herein, be duly authorized, validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Purchase Contract Agreement (Endurance Specialty Holdings LTD)
Covenants as to Ordinary Shares. The Company covenants that all shares of Ordinary Shares which may be issued against tender of payment in respect of any Purchase Contract constituting a part of the Outstanding Securities Units will, upon issuance, be duly authorized, validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Purchase Contract Agreement (Scottish Annuity & Life Holdings LTD)
