Common use of Issue of Common Shares Clause in Contracts

Issue of Common Shares. The Resulting Company will have on each Subscription Day and corresponding Closing Date, an adequate reserve of authorised but unissued Common Shares to enable it to allot and issue the number of Common Shares equal to the Subscription Amount set forth in the relevant Draw Down Notice and, if applicable, the number of the Underlying Common Shares issuable pursuant to the 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, Underlying Common Shares, to be Listed.

Appears in 1 contract

Samples: Share Subscription Agreement

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Issue of Common Shares. The Resulting Company will have on each Subscription Day and corresponding Closing Date, an adequate reserve of authorised but unissued Common Shares to enable it to allot and issue the number of Common Shares equal to the Subscription Amount set forth in the relevant Draw Down Notice and, if applicable, the number of the Underlying Common Shares issuable pursuant to the 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, Underlying Common Shares, to be Listed.

Appears in 1 contract

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

Issue of Common Shares. The Resulting Company will have on each Subscription Day and corresponding Closing Drawdown Date, an adequate reserve of authorised authorized but unissued Common Shares to enable it to allot and issue the number of Common Shares equal to the Subscription Amount Number set forth in the relevant Draw Down Equity Drawdown Notice andor number of Common Shares subscribed for pursuant to an Acceptance Notice, if as applicable, and for the number of the Underlying Common Warrant Shares issuable pursuant to the exercise of Warrants issued in connection with the relevant Draw Down Noticeany 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, Underlying Common Warrant Shares, to be Listed.

Appears in 1 contract

Samples: Equity Drawdown Agreement

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Issue of Common Shares. The Resulting Company will have on each Subscription Day and corresponding Closing Drawdown Date, an adequate reserve of authorised but unissued Common Shares to enable it to allot and issue the number of Common Shares equal to the Subscription Amount Number set forth in the relevant Draw Down Equity Drawdown Notice andor number of Common Shares subscribed for pursuant to an Acceptance Notice, if as applicable, and for the number of the Underlying Common Warrant Shares issuable pursuant to the exercise of Warrants issued in connection with the relevant Draw Down Noticeany 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, Underlying Common Warrant Shares, to be Listed.

Appears in 1 contract

Samples: Investment and Advisory Agreement

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