Common use of Covenants as to Warrant Shares Clause in Contracts

Covenants as to Warrant Shares. The Company covenants and agrees that all Warrant Shares that may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be validly issued and outstanding, fully paid and nonassessable, and free from all taxes, liens and charges with respect to the issuance thereof. The Company further covenants and agrees that the Company will at all times hereunder have authorized and reserved, free from preemptive rights, a sufficient number of its Common Shares to provide for the exercise of the rights represented by this Warrant. If the number of authorized but unissued Common Shares shall not be sufficient to permit exercise of this Warrant, the Company will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Common Shares to such number of shares as shall be sufficient for such purposes.

Covenants as to Warrant Shares. The Company covenants and agrees that all Warrant Shares that may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be validly issued and outstandingissued, fully paid and nonassessable, and free from all taxes, liens and charges with respect to the issuance thereofLiens. The Company further covenants and agrees that the Company will at all times hereunder during the Exercise Period, have (and reserve) sufficient authorized and reserved, free from preemptive rights, a sufficient number of its Common unissued share capital to issue all the Warrant Shares to provide for issuable upon the exercise of the rights represented by this Warrant. If at any time during the number of Exercise Period the authorized but and unissued Common Shares share capital shall not be sufficient to permit exercise of this WarrantWarrant and all other outstanding Warrants and other options to acquire Ordinary Shares in full, the Company will promptly take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Common Shares share capital (or other securities as provided herein) to such number of shares amount as shall be sufficient for such purposes.

Covenants as to Warrant Shares. The Company Issuer covenants and agrees that all Warrant Shares that may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be validly issued and outstanding, fully paid and nonassessable, and free from all taxes, liens and charges with respect to the issuance thereof. The Company Issuer further covenants and agrees that the Company Issuer will at all times hereunder have authorized and reserved, free from preemptive rights, a sufficient number of shares of its Common Shares Stock to provide for the exercise of the rights represented by this Warrant. If the number of shares of authorized but unissued Common Shares Stock shall not be sufficient to permit exercise of this Warrant, the Company Issuer will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued Common Shares Stock to such number of shares as shall be sufficient for such purposes.