Common use of Issue of Common Shares Clause in Contracts

Issue of Common Shares. The Company will have on each Subscription Day and corresponding Drawdown Date, an adequate reserve of authorized but unissued Common Shares to enable it to allot and issue the number of Common Shares equal to the Subscription Number set forth in the relevant Equity Drawdown Notice or number of Common Shares subscribed for pursuant to an Acceptance Notice, as applicable, and for the Warrant Shares issuable pursuant to any outstanding or issuable Warrants. When issued pursuant to this Agreement, the Securities shall be free of any Liens, duly authorised, validly issued, fully paid and non- assessable, and application shall be made forthwith for such Common Shares and if applicable, Warrant Shares, to be Listed.

Appears in 1 contract

Samples: Investment and Advisory Agreement

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Issue of Common Shares. The Resulting Company will have on each Subscription Day and corresponding Drawdown Closing Date, an adequate reserve of authorized authorised but unissued Common Shares to enable it to allot and issue the number of Common Shares equal to the Subscription Number Amount set forth in the relevant Equity Drawdown Draw Down Notice or and, if applicable, the number of the Underlying Common Shares subscribed for pursuant to an Acceptance Notice, as applicable, and for the Warrant Shares issuable pursuant to any outstanding or issuable Warrantsthe exercise of Warrants issued in connection with the relevant Draw Down Notice. When issued pursuant to this Agreement, the Securities shall be free of any Liens, duly authorised, validly issued, fully paid and non- assessable, and application shall be made forthwith for such Common Shares and if applicable, Warrant Underlying Common Shares, to be Listed.

Appears in 1 contract

Samples: Share Subscription Agreement

Issue of Common Shares. The Company will have on each Subscription Day and corresponding Drawdown Date, an adequate reserve of authorized but unissued Common Shares to enable it to allot and issue the number of Common Shares equal to the Subscription Number set forth in the relevant Equity Drawdown Notice or number of Common Shares subscribed for pursuant to an Acceptance Notice, as applicable, and for the Warrant Shares issuable pursuant to any outstanding or issuable Warrants. When issued pursuant to this Agreement, the Securities shall be free of any Liens, duly authorised, validly issued, fully paid and non- non-assessable, and application shall be made forthwith for such Common Shares and if applicable, Warrant Shares, to be Listed.

Appears in 1 contract

Samples: Investment and Advisory Agreement

Issue of Common Shares. The Resulting Company will have on each Subscription Day and corresponding Drawdown Closing Date, an adequate reserve of authorized authorised but unissued Common Shares to enable it to allot and issue the number of Common Shares equal to the Subscription Number Amount set forth in the relevant Equity Drawdown Draw Down Notice or and, if applicable, the number of the Underlying Common Shares subscribed for pursuant to an Acceptance Notice, as applicable, and for the Warrant Shares issuable pursuant to any outstanding or issuable Warrantsthe exercise of Warrants issued in connection with the relevant Draw Down Notice. When issued pursuant to this Agreement, the Securities shall be free of any Liens, duly authorised, validly issued, fully paid and non- non-assessable, and application shall be made forthwith for such Common Shares and if applicable, Warrant Underlying Common Shares, to be Listed.

Appears in 1 contract

Samples: Share Subscription Agreement (Global Crossing Airlines Group Inc.)

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Issue of Common Shares. The Company will have on each Subscription Day and corresponding Drawdown Date, an adequate reserve of authorized authorised but unissued Common Shares to enable it to allot and issue the number of Common Shares equal to the Subscription Number set forth in the relevant Equity Drawdown Notice or number of Common Shares subscribed for pursuant to an Acceptance Notice, as applicable, and for the Warrant Shares issuable pursuant to any outstanding or issuable Warrants. When issued pursuant to this Agreement, the Securities shall be free of any Liens, duly authorised, validly issued, fully paid and non- assessable, and application shall be made forthwith for such Common Shares and if applicable, Warrant Shares, to be Listed.

Appears in 1 contract

Samples: Investment and Advisory Agreement

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