Reserve Shares. The Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of the Preferred Shares, the number of shares of Class A Common Stock from time to time issuable upon conversion of all shares of the Preferred Shares at the time outstanding. All shares of Class A Common Stock issuable upon conversion of the Preferred Shares shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Appears in 5 contracts
Samples: Stock Purchase Agreement (Nm Acquisition Corp), Stock Purchase Agreement (Nextlink Communications Inc / De), Stock Purchase Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp)
Reserve Shares. The Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of the all outstanding Preferred Shares, the number of shares of Class A Common Stock from time to time issuable upon conversion of all shares of the Preferred Shares at the time outstanding. All shares of Class A Common Stock issuable upon conversion of the Preferred Shares shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Xo Communications Inc), Stock Purchase Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp)
Reserve Shares. The Company will at all times reserve and keep -------------- available, solely for issuance and delivery upon conversion of the New Preferred Shares, the number of shares of Class A Common Stock from time to time issuable upon conversion of all shares of the New Preferred Shares at the time outstanding. All shares of Class A Common Stock issuable upon conversion of the New Preferred Shares shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Exchange Agreement (McLeodusa Inc)
Reserve Shares. The Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of the New Preferred Shares, the number of shares of Class A Common Stock from time to time issuable upon conversion of all shares of the New Preferred Shares at the time outstanding. All shares of Class A Common Stock issuable upon conversion of the New Preferred Shares shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Exchange Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp)
Reserve Shares. The Company will at all times reserve and keep available, solely for issuance and delivery upon conversion of the Preferred SharesStock and the exercise of the Warrants, the number of shares of Class A Common Stock from time to time issuable upon conversion of all shares of the Preferred Shares Stock and exercise of the Warrants at the time outstanding. All shares of Class A Common Stock Shares issuable upon conversion of the Preferred Shares Stock and the exercise of the Warrants shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Securities Purchase Agreement (Weisel Thomas Partners Group LLC/Ca)
Reserve Shares. The Company will at all times reserve and keep -------------- available, solely for issuance and delivery upon conversion of the Preferred Shares, the number of shares of Class A Common Stock from time to time issuable upon conversion of all shares of the Preferred Shares at the time outstanding. All shares of Class A Common Stock issuable upon conversion of the Preferred Shares shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Appears in 1 contract
Reserve Shares. The Company will at all times reserve and keep -------------- available, solely for issuance and delivery upon conversion of the Preferred SharesStock and the exercise of the Warrants, the number of shares of Class A Common Stock from time to time issuable upon conversion of all shares of the Preferred Shares Stock and exercise of the Warrants at the time outstanding. All shares of Class A Common Stock Shares issuable upon conversion of the Preferred Shares Stock and the exercise of the Warrants shall be duly authorized and, when issued upon such conversion or exercise, shall be validly issued, fully paid and nonassessable.
Appears in 1 contract
