Common use of Reserved Conversion Shares Clause in Contracts

Reserved Conversion Shares. Subject to Section 8 of the Certificate of Designations and Section 2(d) of the Registration Rights Agreement, the Company at all times from and after the date hereof shall have a sufficient number of shares of Common Stock duly and validly authorized and reserved for issuance to satisfy the conversion, in full, of the Preferred Stock, including payment of the Additional Amount (assuming for purposes of this Section IV.E., a Conversion Price of as defined in the Certificate of Designations), and upon the exercise of the Warrants.

Reserved Conversion Shares. (1) Subject to Section 8 of the Certificate of Designations and Section 2(d) of the Registration Rights Agreement, the Company at all times from and after the date hereof shall have a sufficient number of shares of Common Stock duly and validly authorized and reserved for issuance to satisfy the conversion, in full, of the Preferred Stock, including payment of the Additional Amount (assuming for purposes of this Section IV.E., a Conversion Price of as defined in the Certificate of Designations), and upon the exercise of the Warrants.