Taking of Actions. As a condition precedent to the taking of any action which would require an adjustment pursuant to Section 4.2 hereof the Company shall take any corporate action which may, in the opinion of counsel to the Company, be necessary in order that the Company may have issued and reserved in its authorized capital and may validly and legally issue as fully paid and non-assessable shares all of the Warrant Shares or other securities which the Warrantholder is entitled to receive in accordance with the provisions of this Article 4.
Appears in 2 contracts
Sources: Warrant Indenture (Crosshair Exploration & Mining Corp), Warrant Indenture (Crosshair Exploration & Mining Corp)
Taking of Actions. As a condition precedent to the taking of any action which would require an adjustment pursuant to Section subsection 4.2 hereof the Company shall take any corporate action which may, in the opinion of counsel to the Companycounsel, be necessary in order that the Company may have issued and reserved in its authorized capital and may validly and legally issue as fully paid and non-assessable shares all of the Warrant Shares or other securities which the Warrantholder Holder is entitled to receive in accordance with the provisions of this Article 4Warrant Certificate.
Appears in 1 contract