Common use of Reserved Shares; Valid Issuance Clause in Contracts

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of Common Stock, or other property, as will be sufficient to provide for the exercise of the rights represented by this Warrant in full. The Company further covenants that such shares or other securities as may be issued pursuant to such exercise and/or conversion will, upon issuance and payment by Holder pursuant to the terms hereof, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of Common Stock, free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit the exercise of the rights represented by this Warrant in full. The Company further covenants that that, assuming the receipt by the Company of the consideration therefor, such shares or other securities as may be issued pursuant to such the exercise and/or conversion of this Warrant will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens liens, and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of Common Stock, Stock free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit the exercise of the rights represented by this Warrant in fullfull and the issuance of all shares of Common Stock receivable upon such exercise. The Company further covenants represents that such shares or other securities as may be issued pursuant to such exercise and/or conversion will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at ------------------------------- all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of Common Stock, free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit the exercise of the rights represented by this Warrant in full. The Company further covenants that that, assuming the receipt by the Company of the consideration therefor, such shares or other securities as may be issued pursuant to such the exercise and/or conversion of this Warrant will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens liens, and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of Common Stock, free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit the exercise of the rights represented by this Warrant in fullfull and the conversion into shares of Common Stock receivable upon such exercise. The Company further covenants that such shares or other securities as may be issued pursuant to such exercise and/or conversion will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of Common Stock of the Company (the "Common Stock"), free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit the exercise of the rights represented by this Warrant in full. The Company further covenants that such shares or other securities as may be issued pursuant to such exercise and/or conversion will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at ------------------------------- all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of Common Stock, $0.005 par value (the "Common Stock"), free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit, respectively, the exercise of the rights represented by this Warrant in full. The Company further covenants that such shares or other securities as may be issued pursuant to such exercise and/or and conversion will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of its Common Stock, Stock free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit, respectively, the exercise of the rights represented by this Warrant in fullfull of all shares of Common Stock of the Company receivable upon such exercise. The Company further covenants that such shares or other securities as may be issued pursuant to such exercise and/or and conversion will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will ------------------------------- reserve and keep available at all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of Common Stock, free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit the exercise of the rights represented by this Warrant in full. The Company further covenants that such shares or other securities as may be issued pursuant to such the exercise and/or conversion of this Warrant will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will will, at all times from and after the date hereof of this Warrant, reserve and keep available such number of its authorized but unissued shares of shares of Common Stock, free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit the exercise of the rights represented by this Warrant in fullfull and the conversion of this Warrant into shares of Common Stock receivable upon such exercise. The Company further covenants that such shares or other securities as may be issued pursuant to such exercise and/or conversion will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.

Reserved Shares; Valid Issuance. The Company covenants that it will at all times from and after the date hereof reserve and keep available such number of its authorized but unissued shares of shares of Common Stock, free from all preemptive or other propertysimilar rights therein, as will be sufficient to provide for permit the exercise of the rights represented by this Common Stock Warrant in full. The Company further covenants that such shares or other securities as may be issued pursuant to such the exercise and/or conversion of this Common Stock Warrant will, upon issuance and payment by Holder pursuant to the terms hereofissuance, be duly and validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof.