Common use of STOCK TO BE RESERVED Clause in Contracts

STOCK TO BE RESERVED. The Company covenants that all shares of Common Stock that may be issued upon exercise of the Warrants or in respect of interest payable on the Notes will, upon issuance, be validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof. The Company covenants that during the period in which the Warrants are outstanding it will at all times have authorized and reserved a sufficient number of shares of Common Stock to permit the exercise of the Warrants.

STOCK TO BE RESERVED. The Company covenants that all shares of Common Stock that may be issued upon exercise of the Warrants or in respect of interest payable on the Notes or upon conversion of the Notes will, upon issuance, be validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof. The Company covenants that during the period in which the Warrants Notes are outstanding it will at all times have authorized and reserved a sufficient number of shares of Common Stock to permit the exercise conversion of the WarrantsNotes.

STOCK TO BE RESERVED. The Company covenants that all shares of Common Stock that may be issued upon exercise conversion of the Warrants Notes or in respect of interest payable on the Notes will, upon issuance, be validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof. The Company covenants that during the period in which the Warrants Notes are outstanding it will at all times have authorized and reserved a sufficient number of shares of Common Stock to permit the exercise conversion of the WarrantsNotes.

STOCK TO BE RESERVED. The Company Holdings covenants that all shares of Common Stock that may be issued upon exercise of the Warrants or in respect of interest payable on the Notes will, upon issuance, be validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof. The Company Holdings further covenants that during the period in within which the Warrants are outstanding it outstanding, Holdings will at all times have authorized and reserved a sufficient number of shares of Common Stock to permit the exercise of all of the outstanding Warrants.

STOCK TO BE RESERVED. The Company covenants that all shares of Common Stock that may be issued upon exercise conversion of the Warrants or in respect of interest payable on the Notes Convertible Note will, upon issuance, be validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof. The Company further covenants that during the period in within which the Warrants are outstanding it Convertible Note may be converted, the Company will at all times have authorized and reserved a sufficient number of shares of Common Stock to permit the exercise conversion of the WarrantsConvertible Note.

STOCK TO BE RESERVED. The Company covenants that all shares of Common Stock that may be issued upon exercise of the Warrants or in respect of principal and interest payable on the Notes or upon Mandatory Conversion of the Notes (as defined in the Notes), will, upon issuance, be validly issued, fully paid and nonassessable and free from all taxes, liens and charges with respect to the issuance thereof. The Company covenants that during the period in which the Warrants Notes are outstanding it will at all times have authorized and reserved a sufficient number of shares of Common Stock to permit the exercise conversion of the WarrantsNotes.