Common use of Authorized Common Stock Clause in Contracts

Authorized Common Stock. At any time that any Purchased Shares are issued and outstanding, the Company shall from time to time take all lawful action within its control to cause the authorized capital stock of the Company to include a sufficient number of authorized but unissued shares of Common Stock to satisfy the conversion requirements of all shares of Series A Preferred Stock then issued and outstanding pursuant to Article VII of the Series A Certificate. All shares of Common Stock delivered upon conversion of the Series A Preferred Stock shall be newly issued shares or shares held in treasury by the Company, shall have been duly authorized and validly issued and shall be fully paid and nonassessable, and free and clear of any Liens (other than Liens incurred by the Purchaser or restrictions arising under applicable securities Laws or this Agreement).

Authorized Common Stock. At any time that any Purchased Shares are issued and outstanding, the Company shall from time to time take all lawful action within its control to cause the authorized share capital stock of the Company to include a sufficient number of authorized but unissued shares of Common Stock equal to satisfy the number of shares of Common Stock issuable upon the conversion requirements of all shares of Series A Preferred Stock Shares then issued and outstanding pursuant and will reserve such number of shares of Common Stock sufficient to Article VII enable full conversion of the Series A CertificateShares then issued and outstanding. All shares of Common Stock delivered upon conversion of the Series A Preferred Stock Shares shall be newly issued shares or shares held in treasury by the Company, shall have been duly authorized and validly issued and shall be fully paid and nonassessable, and free and clear of any Liens (other than Liens incurred created by the a Purchaser or restrictions on Transfer arising under applicable securities Laws or this AgreementLaws).

Authorized Common Stock. At any time that any Purchased Shares are issued and Convertible Preferred Stock is outstanding, the Company shall from time to time take all lawful action within its control to cause the authorized capital stock of the Company Corporation to include a sufficient number of authorized but unissued shares of Common Stock to satisfy the conversion requirements of all shares of Series A Convertible Preferred Stock then issued and outstanding pursuant to Article VII (including any Common Stock issuable on account of dividends on the Series A CertificateConvertible Preferred Stock). All shares of Common Stock delivered upon conversion of the Series A Convertible Preferred Stock shall be newly issued shares or shares held in treasury by the Company, shall have been duly authorized and validly issued and shall be fully paid and nonassessable, and free and clear of any Liens (other than Liens incurred by the Purchaser or restrictions arising under applicable securities Laws or this Agreement)Lien.

Authorized Common Stock. At any time that any Purchased Private Placement Preferred Shares are issued and outstanding, the Company shall from time to time take all lawful action within its control to cause the authorized share capital stock of the Company to include a sufficient number of authorized but unissued shares of Common Stock equal to satisfy the number of shares of Common Stock issuable upon the conversion requirements of all shares of Series A Private Placement Preferred Stock Shares then issued and outstanding pursuant to Article VII of the Series A Certificateoutstanding. All shares of Common Stock delivered upon conversion of the Series A Private Placement Preferred Stock Shares shall be newly issued shares or shares held in treasury by the Company, shall have been duly authorized and validly issued and shall be fully paid and nonassessable, and free and clear of any Liens (other than Liens incurred by Investors, Liens arising under this Agreement, the Purchaser Registration Rights Agreement or the Investor Rights Agreement or restrictions arising under applicable securities Laws or this AgreementLaws).

Authorized Common Stock. At any time that any Purchased Shares are issued and outstanding, the Company shall from time to time take all lawful action within its control to cause the authorized capital stock of the Company to include a sufficient number of authorized but unissued shares of Common Stock to satisfy the conversion requirements of all shares of Series A Preferred Stock then issued and outstanding pursuant to Article VII of the Series A Certificate. All shares of Common Stock delivered upon conversion of the Series A Preferred Stock shall be newly issued shares or shares held in treasury by the Company, shall have been duly authorized and validly issued and shall be fully paid and nonassessable, and free and clear of any Liens (other than Liens incurred by the Purchaser or restrictions arising under applicable securities Laws or this the Stockholders’ Agreement).

Authorized Common Stock. At any time that any Purchased Preferred Shares are issued and outstanding, the Company shall from time to time take all lawful action within its control to cause the authorized share capital stock of the Company to include a sufficient number of authorized but unissued shares of Common Stock equal to satisfy the number of shares of Common Stock issuable upon the conversion requirements of all shares of Series A Purchased Preferred Stock Shares then issued and outstanding pursuant to Article VII of the Series A Certificateoutstanding. All shares of Common Stock delivered upon conversion of the Series A Purchased Preferred Stock Shares shall be newly issued shares or shares held in treasury by the Company, shall have been duly authorized and validly issued and shall be fully paid and nonassessable, and free and clear of any Liens (other than Liens incurred by Investors, Liens arising under this Agreement, the Purchaser Registration Rights Agreement or the Investor Rights Agreement or restrictions arising under applicable securities Laws or this AgreementLaws).