Common use of Shares Available Clause in Contracts

Shares Available. For so long as any Conversion Right remains exercisable, the Issuer shall keep available for issue free from pre-emptive or other similar rights out of its authorised but unissued share capital such number of Shares as would enable such Conversion Right to be satisfied in full.

Appears in 2 contracts

Samples: Trust Deed (BMB Munai Inc), Trust Deed (Bema Gold Corp /Can/)

AutoNDA by SimpleDocs

Shares Available. For so long as any Conversion Right remains exercisable, the Issuer shall keep available for issue free from pre-emptive or other similar rights out of its authorised authorized but unissued share capital such number of Shares as would enable such Conversion Right to be satisfied in full.

Appears in 2 contracts

Samples: Indenture (BMB Munai Inc), Indenture (BMB Munai Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!