Common use of The Conversion Shares Clause in Contracts

The Conversion Shares. The Company has authorized and reserved and hereby covenants that it will continue to reserve, free of any preemptive rights or encumbrances, a sufficient number of its authorized but previously unissued shares of Common Stock to satisfy the rights of conversion of the holders of the Purchased Shares. The shares of Common Stock issued or issuable upon conversion of the Purchased Shares are referred to herein as the "Conversion Shares."

The Conversion Shares. The Company has authorized and has reserved and hereby covenants that it will to continue to reserve, free of any preemptive rights or encumbrancesand other similar contractual rights of stockholders, a sufficient such number of its authorized but previously unissued shares of Common Stock as shall from time to satisfy time be sufficient to effect the rights of conversion of the holders all of the Purchased Shares. The shares of Common Stock issued or issuable upon conversion Notes and exercise of the Purchased Shares are referred to herein as the "Conversion SharesWarrants then outstanding."

The Conversion Shares. The Company has authorized and has reserved and hereby covenants that it will to continue to reserve, free of any preemptive rights or encumbrancesand other similar contractual rights of shareholders, a sufficient number of its authorized but previously unissued shares of Common Stock to satisfy the rights of conversion of under the holders of the Purchased Preferred Shares. The Any shares of Common Stock issued or issuable upon conversion of the Purchased Preferred Shares (and such shares when issued) are herein referred to herein as the "Conversion Shares." The Preferred Shares and Conversion Shares are sometimes collectively referred to as the "Shares."

The Conversion Shares. The Company has authorized and reserved and hereby covenants that it will continue to reserve, free of any preemptive rights or encumbrances, a sufficient number of its authorized but previously unissued shares of Common Stock to satisfy the rights of conversion of the holders of the Purchased Shares and the issuance of the Warrant Shares. The shares of Common Stock issued or issuable upon conversion of the Purchased Shares are referred to herein as the "Conversion Shares."

The Conversion Shares. The Company has authorized and has reserved and hereby covenants that it will to continue to reserve, free of any preemptive rights or encumbrancesand other similar contractual rights of stockholders, a sufficient number (subject to Section 3.9) of its authorized but previously unissued shares of its Common Stock Stock, to satisfy effect the rights of conversion of the holders Preferred Shares and exercise of the Purchased SharesWarrants. The shares of Common Stock issued or issuable upon conversion of Preferred Shares, the Purchased Conversion Shares and the Warrant Shares collectively are referred to herein as the "Conversion Shares" and the Shares and the Warrants collectively are referred to as the "Securities"."

The Conversion Shares. The Company has authorized and reserved and --------------------- hereby covenants that it will continue to reserve, free of any preemptive rights or encumbrances, a sufficient number of its authorized but previously unissued shares of common stock, par value $.01 per share (the "Common Stock Stock"), to satisfy the rights of conversion of the holders of the Purchased Series A Preferred Stock Shares. The shares of Common Stock issued or issuable upon conversion of the Purchased Shares Series A Preferred Stock are referred to herein as the "Conversion Shares"."

The Conversion Shares. The Company has authorized and has reserved and hereby covenants that it will to continue to reserve, free of any preemptive rights or encumbrancesand other similar contractual rights of stockholders, a sufficient number no less than 200% (subject to Section 3.9) of its authorized but previously unissued shares of its Common Stock Stock, to satisfy effect the rights of conversion of the holders Debentures and the exercise of the Purchased SharesWarrants. The shares of Common Stock issued or issuable upon conversion of Conversion Shares and the Purchased Warrant Shares collectively are referred to herein as the "Conversion Shares" and the Debentures and the Warrants collectively are referred to as the "Securities"."

The Conversion Shares. The Company has authorized and reserved and hereby covenants agrees that it will continue to reserve, free of any preemptive rights or encumbrances, a sufficient number of its authorized but previously unissued shares of Common Stock Stock, to satisfy the rights of conversion of the holders of the Purchased Shares. The shares of Common Stock issued or issuable upon conversion of the Purchased Shares are referred to herein as the "Conversion Shares"."

The Conversion Shares. The Company has authorized and reserved and --------------------- hereby covenants that it will continue to reserve, free of any preemptive rights or encumbrances, a sufficient number of its authorized but previously unissued shares of common stock, par value $.01 per share (the "Common Stock Stock"), to satisfy the rights of conversion of the holders of the Purchased SharesShares in accordance with the terms of the Certificate of Incorporation. The shares of Common Stock issued or issuable upon conversion of the Purchased Shares are sometimes referred to herein as the "Conversion Shares."