Covenant as to Common Stock. (a) The Company covenants that all shares of its Common Stock which may be issued upon conversion of Notes will upon issue be validly issued, fully paid and nonassessable. (b) The Company shall from time to time take all action necessary so that the Common Stock which may be issued upon conversion of Notes, immediately upon their issuance (or, if such Common Stock is subject to restrictions on transfer under the Securities Act, upon their resale pursuant to an effective Convertible Note Shares Shelf Registration Statement), will be listed on the principal securities exchanges, interdealer quotation systems and markets, if any, on which other shares of Common Stock of the Company are then listed or quoted.
Appears in 1 contract
Sources: Indenture (PLD Telekom Inc)
Covenant as to Common Stock. (a) The Company covenants that all shares of its Common Stock which may be issued upon conversion of Convertible Notes will upon issue be validly issued, fully paid and nonassessable.
(b) The Company shall from time to time take all action necessary so that the Common Stock which may be issued upon conversion of Convertible Notes, immediately upon their issuance (or, if such Common Stock is subject to restrictions on transfer under the Securities Act, upon their resale pursuant to an effective Convertible Note Shares Shelf Registration Statementregistration statement filed under the Securities Act), will be listed on the principal securities exchanges, interdealer quotation systems and markets, if any, on which other shares of Common Stock of the Company are then listed or quoted.
Appears in 1 contract
Sources: Indenture (Usn Communications Inc)
Covenant as to Common Stock. (a) The Company covenants that all shares of its Common Stock which may be issued upon conversion of Convertible Notes will upon issue be validly issued, fully paid and nonassessable.
(b) The Company shall from time to time take all action necessary so that the Common Stock which may be issued upon conversion of Convertible Notes, immediately upon their issuance (or, if such Common Stock is subject to restrictions on transfer under the Securities Act, upon their resale pursuant to an effective Convertible Note Shares Shelf Registration Statement), will be listed on the principal securities exchanges, interdealer quotation systems and markets, if any, on which other shares of Common Stock of the Company are then listed or quoted.
Appears in 1 contract
Sources: Indenture (United Usn Inc)
Covenant as to Common Stock. (a) The Company covenants that all shares of its Common Stock which may be issued upon conversion of Notes Securities will upon issue be validly issued, fully paid and nonassessable.
(b) The Company shall from time to time take all action necessary so that the shares of Common Stock which may be issued upon conversion of NotesSecurities, immediately upon their issuance (or, if such shares of Common Stock is are subject to restrictions on transfer under the Securities Act, upon their resale pursuant to an effective Convertible Note Conversion Shares Shelf Registration Statement), will be listed on the principal securities exchanges, interdealer quotation systems and markets, if any, on which other shares of Common Stock of the Company are then listed or quoted.
Appears in 1 contract