Common use of Issuance of Securities Clause in Contracts

Issuance of Securities. The Convertible Debentures are duly authorized and, upon issuance in accordance with the terms hereof, shall be duly issued, fully paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof. The Conversion Shares issuable upon conversion of the Convertible Debentures have been duly authorized and reserved for issuance. Upon conversion or exercise in accordance with the Convertible Debentures the Conversion Shares will be duly issued, fully paid and nonassessable.

Issuance of Securities. The Convertible Debentures are duly authorized and, upon issuance in accordance with the terms hereof, shall be duly issued, fully paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof. The Conversion Shares issuable upon conversion of the Convertible Debentures have been duly authorized and reserved for issuance. Upon conversion or exercise in accordance with the terms of the Convertible Debentures Debentures, the Conversion Shares will be duly issued, fully paid and nonassessable.

Issuance of Securities. The Convertible Debentures Debenture are duly authorized and, upon issuance in accordance with the terms hereof, shall be duly issued, fully paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof. The Conversion Shares issuable upon conversion of the Convertible Debentures Debenture have been duly authorized and reserved for issuance. Upon conversion or exercise in accordance with the Convertible Debentures Debenture the Conversion Shares will be duly issued, fully paid and nonassessable.

Issuance of Securities. The Convertible Debentures are duly authorized and, and upon issuance conversion in accordance with the terms hereof, hereof shall be duly issued will be validly issued, fully paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof. The Conversion Shares issuable upon conversion of the Convertible Debentures Debenture have been duly authorized and reserved for issuance. Upon conversion or exercise in accordance with the Convertible Debentures the Conversion Shares will be duly issued, fully paid and nonassessable.

Issuance of Securities. The Convertible Debentures are duly authorized and, upon issuance in accordance with the terms hereof, shall be duly issued, fully paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof. The Conversion Shares issuable upon conversion of the Convertible Debentures have been duly authorized and reserved for issuance. Upon conversion or exercise in accordance with the Convertible Debentures the Conversion Shares will be duly issued, fully paid and nonassessable.

Issuance of Securities. The Convertible Debentures are duly authorized and, upon issuance in accordance with the terms hereof, shall be duly issued, fully paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof. The Conversion Shares, the Warrant Shares issuable upon conversion of and the Convertible Debentures Escrow Shares have been duly authorized and reserved for issuance. Upon issuance upon conversion or exercise in accordance with the Convertible Debentures Transaction Documents, the Conversion Shares, the Warrant Shares and Escrow Shares will be duly issued, fully paid and nonassessable.