Common use of Reservation of Securities Clause in Contracts

Reservation of Securities. The Company shall at all times reserve and keep available out of its authorized shares of Capital Stock, solely for the purpose of issue or delivery upon conversion or exercise of the Securities and of the conversion or exercise of shares of Capital Stock issued upon such conversion or exercise, the number of shares of each class of Capital Stock that are required to be issued upon such conversion or exercise. The Company shall issue such shares of Capital Stock in accordance with the terms of this Agreement, the other Transaction Documents and the Certificate of Incorporation, and otherwise comply with the terms hereof and thereof.

Reservation of Securities. The Company shall at all times reserve and keep available out of its authorized shares of Capital Stockcommon stock, solely for the purpose of issue or delivery issuance upon conversion or the exercise of the Securities and of the conversion or exercise of shares of Capital Stock issued upon Warrant Shares, such conversion or exercise, the number of shares of each class of Capital Stock that are required to its common stock as shall be issued issuable upon such conversion or exercise. The Company shall issue such shares of Capital Stock in accordance with the terms of this Agreement, the other Transaction Documents and the Certificate of Incorporation, and otherwise comply with the terms hereof and exercise thereof.

Reservation of Securities. The Company shall at all times reserve and keep available out of its authorized shares of Capital Stock, solely for the purpose of issue or delivery issuance upon conversion or the exercise of the Securities and of the conversion or exercise of shares of Capital Stock issued upon Warrants, such conversion or exercise, the number of shares of each class of Capital Stock that are required to as shall be issued issuable upon such conversion or exercisethe exercise thereof. The Company shall issue such covenants and agrees that, upon exercise of the Warrants and payment of the Exercise Price therefor, all shares of Capital Stock in accordance with issuable upon such exercise shall be duly and validly issued, fully paid, non-assessable and not subject to the terms preemptive rights of this Agreement, the other Transaction Documents and the Certificate of Incorporation, and otherwise comply with the terms hereof and thereofany shareholder.

Reservation of Securities. The Company shall at --------------------------- all times reserve and keep available out of its authorized shares of Capital Stock, solely for the purpose of issue or delivery upon conversion or exercise of the Securities and of the conversion or exercise of shares of Capital Stock issued upon such conversion or exercise, the number of shares of each class of Capital Stock that are required to be issued upon such conversion or exercise. The Company shall issue such shares of Capital Stock in accordance with the terms of this Agreement, the other Transaction Documents and the Certificate of Incorporation, and otherwise comply with the terms hereof and thereof.

Reservation of Securities. The Company shall at take all times necessary actions to reserve and keep available out of its authorized shares of Capital Stockcapital stock, solely for the purpose of issue or delivery issuance upon conversion or exercise of the Securities this Note, such number and of the conversion or exercise kind of shares of Capital Stock issued capital stock as may then be issuable upon such the direct and indirect conversion or exercise, the number of shares of each class of Capital Stock that are required to be issued upon such conversion or exerciseall amounts owing under this Note. The Company shall issue such covenants that all shares of Capital Stock in accordance with capital stock which shall be so issuable will, upon the terms conversion of this AgreementNote as herein provided, be duly and validly issued and fully paid and nonassessable by the other Transaction Documents and the Certificate of Incorporation, and otherwise comply with the terms hereof and thereofCompany.