All Necessary Actions. Upon the conversion of a Note the Company will, at its own cost and expense, take all necessary action to assure that the Company's transfer agent issues stock certificates in the name of the Subscriber (or its nominee) or such other persons as designated by the Subscriber, and in such denominations to be specified at conversion representing the number of shares of Common Stock issuable upon such conversion.
Appears in 2 contracts
Sources: Subscription Agreement (Sys), Subscription Agreement (Sys)
All Necessary Actions. Upon the conversion of a Note the Company will, at its own cost and expense, take all necessary action to assure ensure that the Company's ’s transfer agent issues stock certificates in the name of the Subscriber (or its nominee) or such other persons as designated by the Subscriber, and in such denominations to be specified at conversion representing the number of shares of Common Stock issuable upon such conversion.
Appears in 1 contract
Sources: Subscription Agreement (Sys)