Common use of Reserve for Conversion Shares Clause in Contracts

Reserve for Conversion Shares. The Company shall at all times ----------------------------- reserve and keep available out of its authorized but unissued shares of Common Stock, for the purpose of effecting the conversion of the Series C Shares and otherwise complying with the terms of this Agreement, such number of its duly authorized shares of Common Stock as shall be sufficient to effect the conversion of the Series C Shares from time to time outstanding, or otherwise to comply with the terms of this Agreement. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the Series C Shares or otherwise to comply with the terms of this Agreement, the Company will immediately take such corporate action as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. The Company will obtain all authorizations, consents, approvals or other actions by or make any filing with any court or administrative body that may be required under applicable state securities laws in connection with the issuance of shares of Common Stock upon conversion of the Series C Shares, which conversion may be made by Purchaser at any time.

Reserve for Conversion Shares. The Company shall at all times ----------------------------- reserve and keep available out of its authorized but unissued shares of Common Stock, for the purpose of effecting the conversion of the Series C Preferred Shares and otherwise complying with the terms of this Agreement, such number of its duly authorized shares of Common Stock as shall be sufficient to effect the conversion of the Series C Preferred Shares from time to time outstanding, outstanding or otherwise to comply with the terms of this Agreement. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the Series C Preferred Shares or otherwise to comply with the terms of this Agreement, the Company will immediately forthwith use its best efforts to take such corporate action as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. The Company will obtain all authorizationsany authorization, consentsconsent, approvals approval or other actions action by or make any filing with any court or administrative body that may be required under applicable state securities laws in connection with the issuance of shares of Common Stock upon conversion of the Series C Preferred Shares, which conversion may be made by Purchaser at any time.

Reserve for Conversion Shares. The Company shall at all ----------------------------- times ----------------------------- reserve and keep available out of its authorized but unissued shares of Common Stock, for the purpose of effecting the conversion of the Series C B Shares and otherwise complying with the terms of this Agreement, such number of its duly authorized shares of Common Stock as shall be sufficient to effect the conversion of the Series C B Shares from time to time outstanding, or otherwise to comply with the terms of this Agreement. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the Series C B Shares or otherwise to comply with the terms of this Agreement, the Company will immediately take such corporate action as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. The Company will obtain all authorizations, consents, approvals or other actions by or make any filing with any court or administrative body that may be required under applicable state securities laws in connection with the issuance of shares of Common Stock upon conversion of the Series C B Shares, which conversion may be made by Purchaser at any time.

Reserve for Conversion Shares. The Company shall at all times ----------------------------- reserve and keep available out of its authorized but unissued shares of Common Stock, for the purpose of effecting the conversion of the Series C Purchased Shares and otherwise complying with the terms of this Agreement, such number of its duly authorized shares of Common Stock as shall be sufficient to effect the conversion of the Series C Purchased Shares from time to time outstanding, outstanding or otherwise to comply with the terms of this Agreement. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the Series C Purchased Shares or otherwise to comply with the terms of this Agreement, the Company will immediately forthwith take such corporate action as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. The Company will obtain all authorizationsany authorization, consentsconsent, approvals approval or other actions action by or make any filing with any court or administrative body that may be required under applicable state securities laws in connection with the issuance of shares of Common Stock upon conversion of the Series C Purchased Shares, which conversion may be made by Purchaser at any time.

Reserve for Conversion Shares. The Company shall at all times ----------------------------- reserve and keep available out of its authorized but unissued shares of Common Stock, for the purpose of effecting the conversion of the Series C Shares and otherwise complying with the terms of this Agreementsecurities held by any Holder that are convertible into Common Stock, such number of its duly authorized shares of Common Stock as shall be sufficient to effect the conversion of the Series C Shares such securities from time to time outstanding, outstanding or otherwise to comply with the terms of this Agreement and the Series B Agreement. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the Series C Shares such securities or otherwise to comply with the terms of this Agreement and the Series B Agreement, the Company will immediately forthwith take such corporate action as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. The Company will obtain all authorizationsany authorization, consentsconsent, approvals approval or other actions action by or make any filing with any court or administrative body that may be required under applicable state securities laws law in connection with the issuance of shares of Common Stock upon conversion of the Series C Shares, which conversion may be made by Purchaser at any timesuch securities.

Reserve for Conversion Shares. The Company shall at all ----------------------------- times ----------------------------- reserve and keep available out of its authorized but unissued shares of Common Stock, for the purpose of effecting the conversion of the Series C A Preferred Shares and otherwise complying with the terms of this Agreement, such number of its duly authorized shares of Common Stock as shall be sufficient to effect the conversion of the Series C A Preferred Shares from time to time outstanding, outstanding or otherwise to comply with the terms of this Agreement. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the Series C A Preferred Shares or otherwise to comply with the terms of this Agreement, the Company will immediately forthwith take such corporate action as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. The Company will obtain all authorizationsany authorization, consentsconsent, approvals approval or other actions action by or make any filing with any court or administrative body that may be required under applicable state securities laws in connection with the issuance of shares of Common Stock upon conversion of the Series C Conversion Shares, which conversion may be made by Purchaser at any time.

Reserve for Conversion Shares. The Company shall at all ----------------------------- times ----------------------------- reserve and keep available out of its authorized but unissued shares of Common Stock, for the purpose of effecting the conversion of the Series C Preferred Shares and otherwise complying with the terms of this Agreement, such number of its duly authorized shares of Common Stock as shall be sufficient to effect the conversion of the Series C Preferred Shares from time to time outstanding, outstanding or otherwise to comply with the terms of this Agreement. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the Series C Preferred Shares or otherwise to comply with the terms of this Agreement, the Company will immediately forthwith take such corporate action as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. The Company will obtain all authorizationsany authorization, consentsconsent, approvals approval or other actions action by or make any filing with any court or administrative body that may be required under applicable federal and state securities laws in connection with the issuance of shares of Common Stock upon conversion of the Series C Preferred Shares, which conversion may be made by Purchaser at any time.

Reserve for Conversion Shares. The Company shall at all times ----------------------------- reserve and keep available out of its authorized but unissued shares of Common Stock, for the purpose of effecting the conversion of the Series C Shares and otherwise complying with the terms of this Agreement, such number of its duly authorized shares of Common Stock as shall be sufficient to effect the conversion of the Shares and the shares of Series C Shares D-1 Preferred Stock from time to time outstanding, outstanding or otherwise to comply with the terms of this Agreement. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the Series C Shares or otherwise to comply with the terms of this Agreement, the Company will immediately forthwith take such corporate action as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. The Company will obtain all authorizationsany authorization, consentsconsent, approvals approval or other actions action by or make any filing with any court or administrative body that may be required under applicable state securities laws in connection with the issuance of shares of Common Stock upon conversion of the Series C Shares, which conversion may be made by Purchaser at any time.

Reserve for Conversion Shares. The Company shall at all times ----------------------------- reserve and keep available out of its authorized but unissued shares of Common Stock, for the purpose of effecting the conversion of the Series C Shares Convertible Debentures and otherwise complying with the terms of this Agreement, such number of its duly authorized shares of Common Stock as shall be sufficient to effect the conversion of the Series C Shares Convertible Debentures from time to time outstanding, outstanding or otherwise to comply with the terms of this Agreement. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of the Series C Shares Convertible Debentures or otherwise to comply with the terms of this Agreement, the Company will immediately forthwith take such corporate action as may be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. The Company will obtain all authorizationsany authorization, consentsconsent, approvals approval or other actions action by or make any filing with any court or administrative body that may be required under applicable state securities laws in connection with the issuance of shares of Common Stock upon conversion of the Series C Conversion Shares, which conversion may be made by Purchaser at any time.