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 which may be issued upon conversion of Debentures will upon issue be fully paid and nonassessable and, except as provided in Section 5.08, the Company will pay all taxes, liens and charges with respect to the issue thereof.

Appears in 1 contract

Samples: Kerr McGee Corp

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Covenant as to Common Stock. The Company covenants that all shares of Common Stock which may be issued upon conversion of Debentures will upon issue be duly and validly issued and fully paid and nonassessable and, except as provided in Section 5.0812.08, the Company will pay all taxes, liens and charges with respect to the issue thereof.

Appears in 1 contract

Samples: Indenture (Systems & Computer Technology Corp)

Covenant as to Common Stock. The Company covenants that all shares of Common Stock which may be issued upon conversion of Debentures will will, upon issue issuance, be fully paid and nonassessable and, except as provided in Section 5.08, and the Company will pay all taxestaxes (including transfer and stamp), liens and charges with respect to the issue thereof.

Appears in 1 contract

Samples: Purchase Agreement (United Road Services Inc)

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Covenant as to Common Stock. The Company covenants ---------------------------- that all shares of Common Stock which may be issued upon conversion of Debentures will upon issue be duly and validly issued and fully paid and nonassessable and, except as provided in Section 5.0812.08, the Company will pay all taxes, liens and charges with respect to the issue thereof.

Appears in 1 contract

Samples: Alpha Technologies Group Inc

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