Common use of Covenant as to Common Stock Clause in Contracts

Covenant as to Common Stock. The Company covenants that all shares of Common Stock that may be issued upon conversion of Securities shall upon issue be newly issued (and not treasury shares) and shall be duly authorized, validly issued, fully paid and nonassessable and, except as provided in Section 12.08, the Company shall pay all taxes, liens and charges with ----- respect to the issue thereof.

Appears in 1 contract

Sources: Indenture (Transwitch Corp /De)

Covenant as to Common Stock. The Company covenants that all shares of Common Stock that may be issued upon conversion of Securities shall upon issue be newly issued (and not treasury shares) and shall be duly authorized, validly issued, fully paid and nonassessable and, except as provided in Section 12.08, the Company shall pay all taxes, liens and charges with ----- respect to the issue thereof.

Appears in 1 contract

Sources: Indenture (Earthweb Inc)

Covenant as to Common Stock. The Company covenants that all shares of Common Stock that may be issued upon conversion of Securities this Security shall upon issue be newly issued (and not treasury shares) and shall be duly authorized, validly issued, fully paid and nonassessable and, except as provided in Section 12.088.08, the Company shall pay all taxes, liens and charges with ----- respect ---- to the issue thereof.

Appears in 1 contract

Sources: Securities Purchase Agreement (Interliant Inc)

Covenant as to Common Stock. The Company covenants that all shares of Common Stock that may be issued upon conversion of Securities shall upon issue be newly issued (and not treasury shares) and shall be duly authorized, validly issued, fully paid and nonassessable and, except as provided in Section 12.08, the Company shall pay all taxes, liens and charges with ----- respect to the issue thereof.

Appears in 1 contract

Sources: Indenture (Interliant Inc)

Covenant as to Common Stock. The Company covenants that all shares of Common Stock that which may be issued upon conversion of Securities shall upon issue be newly issued (and not treasury shares) and shall be duly authorized, validly issued, fully paid and nonassessable and, except as provided in Section 12.0813.13, the Company shall pay all taxes, liens and charges with ----- respect to the issue thereof.

Appears in 1 contract

Sources: Indenture (Commscope Inc)

Covenant as to Common Stock. The Company covenants that --------------------------- all shares of Common Stock that may be issued upon conversion of Securities this Security shall upon issue be newly issued (and not treasury shares) and shall be duly authorized, validly issued, fully paid and nonassessable and, except as provided in Section 12.088.09, the Company shall pay all taxes, liens and charges with ----- respect ---- to the issue thereof.

Appears in 1 contract

Sources: Convertible Note Agreement (Interliant Inc)