Shares to be Issued; Reservation of Shares. The Company covenants that the Shares that may be issued upon the exercise of the purchase rights represented by this Warrant will, upon issuance in accordance herewith, be fully paid and non-assessable, and free from all liens and charges with respect to the issue thereof. During the period within which the purchase rights represented by the Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issuance upon exercise of the purchase rights represented by this Warrant, a sufficient number of shares of its Common Stock to provide for the exercise of the right represented by this Warrant.
Shares to be Issued; Reservation of Shares. The Company covenants and agrees that all Warrant Shares will, upon issuance, be duly authorized, validly issued and outstanding, fully paid and non-assessable, and free from all taxes, liens and charges with respect to the issuance thereof, except as otherwise provided in the Plan. The Company further covenants and agrees that it will from time to time take all actions required to assure that the par value per share of the New Common Stock is at all times equal to or less than the effective Exercise Price. The Company further covenants and agrees that, during the Exercise Period, the Company will at all times have authorized and reserved sufficient shares of New Common Stock to provide for the exercise of this Warrant in full.
Shares to be Issued; Reservation of Shares. The Company covenants and agrees that all Option Shares will, upon issuance, be duly authorized, validly issued and outstanding, fully paid and non-assessable, and free from all taxes, liens and charges with respect to the issuance thereof, except as otherwise provided in the Option Purchase Agreement. The Company further CLCORP01 Doc: 229672_4 covenants and agrees that it will from time to time take all actions required to assure that the par value per share of the Common Stock is at all times equal to or less than the effective Exercise Price. The Company further covenants and agrees that, during the Exercise Period, the Company will at all times have authorized and reserved sufficient shares of Common Stock to provide for the exercise of this Option in full.
Shares to be Issued; Reservation of Shares. The Maker covenants that the Shares issuable upon the conversion of this Note will, upon issuance in accordance herewith, be fully paid and non-assessable, and free from all liens and charges with respect to the issue thereof. During the period within which the conversion rights represented by the Note may be exercised, the Maker will at all times have authorized and reserved, for the purpose of issuance upon exercise of the conversion rights represented by this Note, a sufficient number of shares of its Common Stock to provide for the exercise of the conversion right represented by this Note.
Shares to be Issued; Reservation of Shares. Stores covenants and agrees that all Warrant Shares will, upon issuance, be duly authorized, validly issued and outstanding, fully paid and non-assessable, and free from all taxes, excluding income or franchise taxes, liens and charges with respect to the issuance thereof. Stores further covenants and agrees that so long as this Warrant remains outstanding, during the Exercise Period (as hereinafter defined), Stores will at all times have authorized and reserved sufficient Common Shares to provide for the exercise of this Warrant in full.
Shares to be Issued; Reservation of Shares. The Company covenants and agrees that all CEI Shares will, upon issuance, be duly authorized, validly issued and outstanding, fully paid and non-assessable, and free from all taxes, liens and charges with respect to the issuance thereof, except as otherwise provided in the Commitment Agreement. The Company further covenants and agrees that it will from time to time take all actions required to assure that the aggregate par value of the Common Stock issuable upon exercise of this CEI is at all times equal to or less than $1610. The Company further covenants and agrees that, during the Exercise Period, the Company will at all times have authorized and reserved sufficient shares of Common Stock to provide for the exercise of this CEI in full.
Shares to be Issued; Reservation of Shares. The Company covenants that all Shares that may be issued upon the exercise of the purchase rights represented by this Warrant will, upon issuance, be fully paid and non-assessable, and free from all taxes, liens and charges with respect to the issue thereof. During the period within which the purchase rights represented by this Warrant may be exercised, the Company will at all times have authorized and reserved, for the purpose of issuance upon exercise of the purchase rights represented by this Warrant, a sufficient number of shares of its Capital Stock to provide for the exercise of the rights represented by this Warrant. The Company represents to the Holder that John Xxxxxxx xxx consented to the issuance of this Warrant and the Shares issuable upon exercise of this Warrant and has waived any right of first offer, first refusal or preemption that he might have pursuant to that certain Shareholders' Agreement dated September 20, 1995 among the shareholder of the Company (the "Shareholders' Agreement").
Shares to be Issued; Reservation of Shares. The Company covenants that the Warrant Shares that may be issued upon the exercise of the purchase rights represented by this Warrant will, upon issuance in accordance herewith, be fully paid and non-assessable, and free from all liens and charges with respect to the issue thereof. Prior to the Warrant Expiration Date, the Company will at all times have authorized and reserved, for the purpose of issuance upon exercise of the purchase rights represented by this Warrant, a sufficient number of shares of its Common Stock to provide for the exercise of the right represented by this Warrant.
Shares to be Issued; Reservation of Shares. Chrysalis covenants and agrees that all Warrant Shares will, upon issuance, be duly authorized, validly issued and outstanding, fully paid and non-assessable, and free from all taxes, liens and charges with respect to the issuance thereof. Chrysalis further covenants and agrees that it will from time to time take all actions required to assure that the par value per share of the Common Stock is at all times equal to or less than the effective Exercise Price. Chrysalis further covenants and agrees that, during the Exercise Period, Chrysalis will at all times have authorized and reserved sufficient shares of Common Stock to provide for the exercise of this Warrant in full.
Shares to be Issued; Reservation of Shares. The Company covenants and agrees that all shares which may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be validly authorized, duly issued, fully paid and non-assessable. The Company further covenants and agrees that, during the period within which the rights represented by this Warrant may be exercised, the Company will at times have authorized and reserved a sufficient number of shares of its Common Stock to provide for the exercise of the rights represented by this Warrant, and will at its expense expeditiously upon each exercise of this Warrant procure the listing of the shares so acquired (subject to issuance or notice of issuance) on the Nasdaq or stock exchanges, if any, on which the Common Stock may then be listed.
