Common use of Authorization of Debentures Clause in Contracts

Authorization of Debentures. The Company has authorized the issue and sale of its 8% Senior Subordinated Convertible Debentures due _________________, 20___ (the "Debenture," such term includes any debentures which may be issued in exchange or in replacement thereof) in the aggregate principal amount of not more than U.S. $1,000,000.

Authorization of Debentures. The Company has authorized the issue and sale of its 810% Senior Subordinated Convertible Debentures due _________________December 31, 20___ 2008 (the "Debenture," such term includes any debentures which may be issued in exchange or in replacement thereof) in the aggregate principal amount of not more than U.S. $1,000,0001,500,000.

Authorization of Debentures. The Company has authorized the issue and sale of its 8% Senior Subordinated Convertible Debentures due _________________June 30, 20___ 2003 (the "Debenture," such term includes any debentures which may be issued in exchange or in replacement thereof) in the aggregate principal amount of not more than U.S. $1,000,000500,000.

Authorization of Debentures. The Company has authorized the issue and sale of its 85% Senior Subordinated Convertible Debentures due _________________December 31, 20___ 2002 (the "Debenture," such term includes any debentures which may be issued in exchange or in replacement thereof) in the aggregate principal amount of not more than U.S. $1,000,00011,500.