Common use of Company to Reserve Common Shares Clause in Contracts

Company to Reserve Common Shares. The Company shall at all times reserve and keep available, free from preemptive rights, out of its authorized but unissued Common Shares, for the purpose of effecting the conversion of Securities, such number of its duly authorized Common Shares then issuable upon the conversion of all Outstanding Securities; PROVIDED THAT this Section shall not require the Company to make any reservation of authorized but unissued Common Shares for so long as the Company's authorized share capital includes an unlimited number of Common Shares.

Appears in 2 contracts

Samples: Indenture (Golden Star Resources LTD), Stillwater Mining Co /De/

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Company to Reserve Common Shares. The Company shall at all times reserve and keep available, free from preemptive pre-emptive rights, out of its authorized but unissued Common Shares, for the purpose of effecting the conversion of Securities, such the full number of its duly authorized Common Shares then issuable upon the conversion of all Outstanding outstanding Securities; PROVIDED THAT this Section shall not require the Company to make any reservation of authorized but unissued Common Shares for so long as the Company's authorized share capital includes an unlimited number of Common Shares.

Appears in 2 contracts

Samples: Liquid Media Group Ltd., Prime Group Realty Trust

Company to Reserve Common Shares. The Company shall at all times reserve and keep available, free from preemptive rights, out of its the authorized but unissued Common SharesShares or out of the Common Shares held in treasury, for the purpose of effecting the conversion of Securities, such the full number of its duly authorized Common Shares then issuable upon the conversion of all Outstanding outstanding Securities; PROVIDED THAT this Section shall not require the Company to make any reservation . Shares of authorized but unissued Common Shares for so long as issuable upon conversion of outstanding Securities shall be issued out of the Company's authorized share capital includes an unlimited number of Common SharesShares held in Treasury to the extent available.

Appears in 1 contract

Samples: Indenture (North American Vaccine Inc)

Company to Reserve Common Shares. The Company shall at all times reserve and keep available, free from preemptive pre-emptive rights, out of its authorized but unissued Common Shares, for the purpose of effecting the conversion of Capital Securities, such number of its duly authorized Common Shares then issuable upon the conversion of all Outstanding outstanding Capital Securities; PROVIDED THAT provided that this Section 9.05 shall not require the Company to make any reservation of authorized but unissued Common Shares for so long as the Company's authorized share capital includes an unlimited number of Common Shares.

Appears in 1 contract

Samples: Echo Bay Mines LTD

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Company to Reserve Common Shares. The Company shall at all times reserve and keep available, free from preemptive rights, out of its the authorized but unissued Common SharesShares or out of the Common Shares held in treasury, for the purpose of effecting the conversion of Securities, such the full number of its duly authorized shares of Common Shares then issuable upon the conversion of all Outstanding outstanding Securities; PROVIDED THAT this Section shall not require the Company to make any reservation of authorized but unissued Common Shares for so long as the Company's authorized share capital includes an unlimited number of Common Shares.

Appears in 1 contract

Samples: Arvin Industries Inc

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