Reservation of Units Issuable Upon Conversion. The Company shall at all times that any Preferred Units are outstanding reserve and keep available, out of its authorized but unissued Class A Common Units, solely for the purpose of effecting the conversion of Preferred Units, the full number of Class A Common Units deliverable upon the conversion of all Preferred Units from time to time outstanding and, subject to obtaining any Member approvals required under Section 6.4(c), Section 6.4(d), Section 6.4(e) or Section 6.4(f) as applicable, the Company shall from time to time increase the authorized number of its Class A Common Units if at any time the authorized amount of its Common Units remaining unissued would not otherwise be sufficient to permit the conversion of all of the Preferred Units at the time outstanding.
Reservation of Units Issuable Upon Conversion. The Company covenants that it will at all times reserve and keep available out of its authorized and unissued Class B Units for the sole purpose of issuance under this Section 2, free from preemptive rights or any other actual contingent purchase rights of Persons other than the Holder, not less than such aggregate number of units of the Class B Units as shall be issuable from time to time under this Section 2 (taking into account the adjustments of Section 3). The Company covenants that all Class B Units that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid and nonassessable.
Reservation of Units Issuable Upon Conversion. The Company shall at all times reserve and keep available unissued Series 1 Common Shares, solely for the purpose of effecting the conversion of the Series A, Series B, Series C and Series F Preferred Shares, such number of its Series 1 Common Shares as shall from time to time be sufficient to effect the conversion of all outstanding Series A, Series B, Series C and Series F Preferred Shares. If at any time the number of unissued Series 1 Common Shares shall not be sufficient to effect the conversion of all then outstanding Series A, Series B, Series C and Series F Preferred Shares, the Company will take such action as may be necessary to increase the number of unissued Series 1 Common Shares to such number of units as shall be sufficient for such purpose.
Reservation of Units Issuable Upon Conversion. The Company shall at all times reserve and keep available, out of its authorized but unissued Common Units, solely for the purpose of effecting the conversion of Preferred Units, the full number of Common Units deliverable upon the conversion of all Preferred Units, from time to time outstanding, and the payment of any Unpaid Yield in Common Units. All Common Units that are so issuable shall, when issued, be duly and validly authorized, issued, fully paid and nonassessable and free from all taxes, liens and charges and free from preemptive rights or any other actual contingent purchase rights of other persons. If at any time the number of authorized but unissued Common Units shall not be sufficient to effect the conversion of all then-outstanding Preferred Units and the payment of any Unpaid Yield in Common Units, the Company shall take such limited liability company action as may be necessary to increase its authorized but unissued Common Units to such number of Common Units as shall be sufficient for such purposes, including engaging in best efforts to obtain the requisite Unitholder approval of any necessary amendment to this Agreement, provided, that the holders of Preferred Units shall vote such Units in favor of any such action that requires a vote of Unitholders.
Reservation of Units Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued Common Units, solely for the purpose of effecting the conversion of the Units of the Series A Preferred Units, such number of its Common Units as shall from time to time be sufficient to effect the conversion of all outstanding Units of the Series A Preferred Units. As a condition precedent to the taking of any action which would cause an adjustment to the Conversion Price, the Company will take such company action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Common Units to such number of Units as shall be sufficient in order that it may validly and legally issue the Units of its Common Units issuable based upon such adjusted Conversion Price.
Reservation of Units Issuable Upon Conversion. The LLC shall at all times reserve and keep available out of its authorized but unissued Common Units, solely for the purpose of effecting the conversion of Preferred Units, such number of its Common Units as shall from time to time be sufficient to effect the conversion of all outstanding Preferred Units; and if at any time the number of authorized but unissued Common Units shall not be sufficient to effect the conversion of all then outstanding Preferred Units, in addition to such other remedies as shall be available to the holder of such Preferred Units, the LLC will take such action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Common Units to such number of Units as shall be sufficient for such purposes, including, without limitation, engaging in commercially reasonable efforts to obtain the requisite Member approval of any necessary amendment to this Agreement.
Reservation of Units Issuable Upon Conversion. The Company shall at --------------------------------------------- all times reserve and keep available out of its authorized but unissued Class B Common Units, solely for the purpose of effecting the conversion of the Series A Preferred Units, such number of its Class B Common Units as shall from time to time be sufficient to effect the conversion of all Series A Preferred Units; and if at any time the number of authorized but unissued Class B Common Units shall not be sufficient to effect the conversion of all then outstanding Series A Preferred Units, in addition to such other remedies as shall be available to the holder of such Series A Preferred Units, the Company will take such action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Class B Common Units to such number of Units as shall be sufficient for such purposes.
Reservation of Units Issuable Upon Conversion. The Company shall at all times reserve and keep available out of its authorized but unissued Common Units, solely for the purpose of effecting the conversion of the Series Seed Preferred Units, such number of its Common Units as shall from time to time be sufficient to effect a conversion of all outstanding Series Seed Preferred Units. If at any time the number of authorized but unissued Common Units shall not be sufficient to effect the conversion of all then outstanding Series Seed Preferred Units, the Company shall promptly seek such action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Common Units to such number of Units as shall be sufficient for such purpose. In the event of the consolidation or merger of the Company with another Person where the Company is not the surviving entity, effective provisions shall be made in the operating agreement, charter document, the articles or certificate of merger, or other governing document of the surviving entity so that the surviving entity will at all times reserve and keep available a sufficient number of Common Units or other securities or property to provide for the conversion of the Series Seed Preferred Units in accordance with the provisions of Section (d).
Reservation of Units Issuable Upon Conversion. The Company covenants that it will reserve and keep available out of its authorized and unissued Class A Common Units
Reservation of Units Issuable Upon Conversion. The Company covenants that it will reserve and keep available out of its authorized and unissued Class A Common Units solely for the purpose of issuance upon conversion of the Series C Preferred Mirror Units, not less than such number of Class A Common Units as shall be issuable (taking into account the adjustments and restrictions of Section 18.07) upon the conversion of all outstanding Series C Preferred Mirror Units. The Company covenants that all Class A Common Units that shall be so issuable shall, upon issue, be duly and validly authorized, issued and fully paid, and nonassessable. (ii) Certificates Following Conversion. If physical certificates representing the Series C Preferred Mirror Units are issued, the Company shall not be required to issue replacement certificates representing Series C Preferred Mirror Units on or after the Series C Conversion Date applicable to such Units (except if any certificate for
