Common use of Company Obligation Clause in Contracts

Company Obligation. The Company shall, as expeditiously as possible following the Effective Date, use its best efforts to register under the Act the Purchase Options and all of the securities underlying such Purchase Options, including the Units, Common Stock, the Warrants and the Common Stock underlying the Warrants (collectively, the "REGISTRABLE SECURITIES"). On such occasion, the Company will file a registration statement or a post-effective amendment to the Registration Statement covering the Registrable Securities and use its best efforts to have such registration statement or post-effective amendment declared effective as soon as possible thereafter.

Company Obligation. The Company shall, as expeditiously as possible following the Effective Date, use its best efforts to register under the Act the Purchase Options and all of the securities underlying such Purchase Options, including the Units, Common Stock, the Warrants and the Common Stock underlying the Warrants (collectively, the "REGISTRABLE SECURITIES"). On such occasion, the Company will file a registration statement or a post-effective amendment to the Registration Statement covering the Registrable Securities and use its best efforts to have such registration statement or post-effective amendment declared effective as soon as possible thereafter. In no event will the Company be required to net cash settle the unit purchase option or the underlying warrants.