Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from pre-emptive rights, out of its authorized but unissued Common Stock, such number of shares of Common Stock as shall then be deliverable upon the conversion of all outstanding Convertible Securities.
Covenant to Reserve Shares. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of its authorized shares of common stock, solely for the purpose of issuance upon conversion of Securities as herein provided, such number of shares of common stock as shall then be issuable upon the conversion of all outstanding Securities. The Company covenants that all shares of common stock which shall be so issuable shall be, when issued, duly and validly issued and fully paid and non-assessable. For purposes of this Section 11.12, the number of shares of common stock which shall be deliverable upon the conversion of all outstanding Securities shall be computed as if at the time of computation all outstanding Securities were held by a single holder.
Covenant to Reserve Shares. 76 SECTION 11.10
Covenant to Reserve Shares. 46 SECTION 11.13 Refusal to Convert Securities to Protect REIT Status..... 47
Covenant to Reserve Shares. 79 Section 19.10. Other Conversions...................................... 79
Covenant to Reserve Shares. The Issuer covenants that -------------------------- it will at all times reserve and keep available, free from pre-emptive rights, out of its authorized but unissued Common Stock, such number of shares of Common Stock as shall then be deliverable upon the conversion of all Outstanding Securities of any series of Securities which are convertible into Common Stock.
Covenant to Reserve Shares. Purchaser hereby covenants that Purchaser will cause AVRI at all times to reserve and keep available out of its authorized and unissued Common Stock or treasury shares, solely for issuance upon the conversion of shares of AVRI Stock in accordance with its terms, free from any preemptive rights, such number of shares of Common Stock of AVRI as shall be issuable upon the conversion of all the shares of the AVRI Stock then outstanding.
Covenant to Reserve Shares. 64 SECTION 12.13 Refusal to Exchange Securities to Protect Status.................................................. 64 ARTICLE 13 GUARANTEE....................................................................... 65 SECTION 13.1 Guarantee of the Obligations of the Issuer.............. 65 SECTION 13.2 Enforcement of Guarantee................................ 67 SECTION 13.3 Guarantee Subordinated to Senior Indebtedness............................................ 67 SECTION 13.4 Subrogation............................................. 67
Covenant to Reserve Shares. The Company covenants that it will reserve and keep available, free from preemptive rights, out of its authorized Common Stock, solely for the purpose of issuance upon conversion of Securities as herein provided, such number of shares of Common Stock as shall then be issuable with respect to the principal portion of the outstanding Securities upon the conversion of all outstanding Securities. The Company covenants that in the event of any election by it to pay the accrued interest due under the outstanding Securities in Common Stock upon the conversion of all outstanding Securities or upon the Maturity Date of the Securities, the Company will, prior to the issuance of such Common Stock, reserve and keep available, free from preemptive rights, out of Common Stock which has been authorized by the Company's stockholders, solely for the purpose of issuance upon conversion of the Securities or upon payment on the Maturity Date as herein provided, such number of shares of Common Stock as shall
Covenant to Reserve Shares. The Company covenants that it will reserve and keep available, free from preemptive rights, out of its authorized Common Stock, solely for the purpose of issuance upon conversion of Securities as herein provided, such number of shares of Common Stock as shall then be issuable with respect to the principal portion of the outstanding Securities upon the conversion of all outstanding Securities. The Company covenants that in the event of any election by it to pay the accrued interest due under the outstanding Securities in Common Stock upon the conversion of all outstanding Securities or upon the Maturity Date of the Securities, the Company will, prior to the issuance of such Common Stock, reserve and keep available, free from preemptive rights, out of Common Stock which has been authorized by the Company's stockholders, solely for the purpose of issuance upon conversion of the Securities or upon payment on the Maturity Date as herein provided, such number of shares of Common Stock as shall then be issuable with respect to the accrued interest upon such conversion or payment on all outstanding Securities. The Company covenants that all shares of Common Stock which shall be so issuable shall be, when issued, duly and validly issued and fully paid and nonassessable. For purposes of this Section 10.04, the number of
