Common use of Issuance of Common Stock Series A Clause in Contracts

Issuance of Common Stock Series A. The Guarantor hereby agrees that, upon the request of the Conversion Agent, on behalf of one or more holders of Convertible Preferred Securities to convert Convertible Debentures into Common Stock Series A pursuant to the request of such holders to effect such conversion in accordance with the terms of the Declaration, the Guarantor shall deliver to the Conversion Agent certificates representing the full number of shares of Common Stock Series A issuance upon conversion of such Convertible Debentures in accordance with the terms of the Indenture and such Convertible Debentures. The Guarantor has reserved and will keep available for issuance, solely for the purpose of affecting the conversion of the Convertible Debentures, the full number of shares of Common Stock Series A deliverable by the Conversion Agent to the holders upon the conversion of all outstanding Convertible Preferred Securities not thereto fore converted by the holders.

Appears in 2 contracts

Samples: Convertible Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P), Convertible Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P)

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Issuance of Common Stock Series A. The the Guarantor hereby agrees that, upon the request of the Conversion Agent, on behalf of one or more holders of Convertible Partnership Preferred Securities to convert Convertible Debentures into Common Stock Series A pursuant to the request of such holders to effect such conversion in accordance with the terms of the DeclarationLimited Partnership Agreement, the Guarantor shall deliver to the Conversion Agent certificates representing the full number of shares of Common Stock Series A issuance upon conversion of such Convertible Debentures in accordance with the terms of the Indenture and such Convertible Debentures. The Guarantor has reserved and will keep available for issuance, solely for the purpose of affecting the conversion of the Convertible Debentures, the full number of shares of Common Stock Series A deliverable by the Conversion Agent to the holders upon the conversion of all outstanding Convertible Partnership Preferred Securities not thereto fore theretofore converted by the holders.

Appears in 2 contracts

Samples: Partnership Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P), Partnership Preferred Securities Guarantee Agreement (Citizens Utilities Capital L P)

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