Common use of Conversion Stock Clause in Contracts

Conversion Stock. The shares of Conversion Stock issuable upon conversion of the Debenture have been reserved for issuance and when issued upon conversion will be duly authorized, validly issued and outstanding, fully paid, nonassessable and free and clear of all pledges, liens, encumbrances and restrictions, except as set forth in Section 4 hereof. The certificates representing the Conversion Stock to be delivered upon the conversion of the Debenture will be genuine, and the Company has no knowledge of any fact which would impair the validity thereof.

Conversion Stock. The shares of Conversion Stock issuable upon conversion of the Debenture have has been reserved for issuance issuance, and when issued upon conversion will be duly authorized, validly issued and outstanding, fully paid, nonassessable nonassesable and free and clear of all pledges, liens, encumbrances and restrictions, except as set forth in Section 4 hereoffor those imposed by this Agreement. The certificates representing the Conversion Stock to be delivered upon the conversion of the Debenture Note A will be genuine, and the Company has no knowledge of any fact which would impair the validity thereof.

Conversion Stock. The shares of Conversion Stock issuable upon conversion of the Debenture have has been reserved for issuance issuance, and when issued upon conversion will be duly authorized, validly issued and outstanding, fully paid, nonassessable and free and clear of all pledges, liens, encumbrances and restrictions, except as set forth in Section 4 hereof. The certificates representing the Conversion Stock to be delivered upon the conversion of the Debenture Notes will be genuine, and the Company has no knowledge of any fact which would impair the validity thereof.