Availability of Common Shares. (a) The Company covenants and agrees that it will take all such action as may be necessary to ensure that all Common Shares delivered upon exercise of Rights shall, at the time of delivery of the certificates for such Common Shares (subject to payment of the Purchase Price), be duly and validly authorized and issued and fully paid and nonassessable shares.
Appears in 4 contracts
Samples: Rights Agreement (Key Production Co Inc), Rights Agreement (Matador Petroleum Corp), Rights Agreement (Merrimac Industries Inc)