Common use of Authorization and Reservation of Shares Clause in Contracts

Authorization and Reservation of Shares. The Company shall at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the full conversion of the outstanding Notes. If at any time the number of shares of Common Stock authorized and reserved for issuance is insufficient to provide for full conversion of the outstanding Notes, the Company will promptly take all corporate action necessary to authorize and reserve a sufficient number of shares, including, without limitation, calling a special meeting of shareholders to authorize additional shares to so provide.

Authorization and Reservation of Shares. The Company shall at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the full conversion exercise of options and warrants issued by the outstanding NotesCompany. If at any time the number of Company’s unissued shares of authorized Common Stock authorized and reserved for issuance is insufficient to provide for full conversion of below the outstanding NotesReserved Amount, the Company will promptly take all corporate action necessary to authorize and reserve a sufficient number of shares, including, without limitation, calling a special meeting of shareholders to authorize additional shares to so provide.

Authorization and Reservation of Shares. The Company shall at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the full conversion exercise of the outstanding NotesWarrant and issuance of the Warrant Shares in connection therewith (based on the Exercise Price of the Warrant in effect from time to time). If at any time The Company shall not reduce the number of shares of Common Stock authorized and reserved for issuance is insufficient to provide for full conversion upon exercise of the outstanding Notes, Warrant without the Company will promptly take all corporate action necessary to authorize and reserve a sufficient number consent of shares, including, without limitation, calling a special meeting of shareholders to authorize additional shares to so providethe Purchaser.

Authorization and Reservation of Shares. The Company shall at all times have authorized, and reserved for the purpose of issuance, a sufficient number of shares of Common Stock to provide for the full conversion of the outstanding Notes. If at any time the number of shares of Common Stock authorized Preferred Shares and reserved for issuance is insufficient to provide for full conversion of the outstanding Notes, the Company will promptly take all corporate action necessary to authorize and reserve a sufficient number of shares, including, without limitation, calling a special meeting of shareholders to authorize additional shares to so provideConversion Shares in connection therewith.