Common use of Listing Obligation Clause in Contracts

Listing Obligation. As long as Borrower has securities listed on NASDAQ or any other stock exchange, Borrower will take all reasonable steps necessary, and pay all reasonable fees required, to list all of the shares of Common Stock issued or issuable upon conversion, exchange or exercise of, or otherwise in connection with, this Note on NASDAQ or such other stock exchanges in the United States of America on which the Common Stock then is listed. Following the initial listing of such shares, the Borrower, consistent with the board of directors' fiduciary duties, will use its commercially reasonable best efforts to maintain the listing of such shares whenever the Common Stock is listed on any such exchange.