Common use of CCC Section Clause in Contracts

CCC Section. The Board of Directors has taken all action necessary to exempt from the provisions of Section 1203 of the California Corporations Code, to the extent applicable, this Agreement, any acquisition by the Purchasers of Subject Shares and Warrants pursuant to this Agreement and the Certificate of Designation and any conversion by the Purchasers of Subject Shares into shares of Common Stock and any exercise by the GAP Purchasers of the Warrants for the Warrant Shares.

CCC Section. The Board of Directors has taken all action necessary to exempt from the provisions of Section 1203 of the California Corporations Code, to the extent applicable, this Agreement, any acquisition by the Purchasers Lenders of Subject Notes and the Issuable Shares and Warrants or Common Shares pursuant to this Agreement and the Series E Certificate of Designation Determination, each as applicable, and any conversion by the Purchasers Lenders of Subject Issuable Shares into shares of Common Stock and any exercise by the GAP Purchasers of the Warrants for the Warrant SharesStock.

CCC Section. The Board of Directors has taken all action ----------- necessary to exempt from the provisions of Section 1203 of the California Corporations Code, to the extent applicable, this Agreement, any acquisition by the Purchasers of Subject Shares and Warrants pursuant to this Agreement and the Certificate of Designation and any conversion by the Purchasers of Subject Shares into shares of Common Stock and any exercise by the GAP Purchasers of the Warrants for the Warrant Shares.