Common use of Obtaining of Governmental Approvals and Stock Exchange Listings Clause in Contracts

Obtaining of Governmental Approvals and Stock Exchange Listings. If any Warrant Stock issuable upon the exercise of Warrants require registration or approval of any governmental authority or the taking of any other action under the laws of the United States of America, any state or any political subdivision thereof before such Warrant Stock may be validly and lawfully issued, the Company will in good faith and as expeditiously as possible after surrender of the Warrant Certificates to the Warrant Agent for exercise of Warrants evidenced thereby endeavor to secure such registration or approval or to take such other action, provided that in no event shall such Warrant Stock be issued, and the Company shall have the authority to suspend the exercise of all Warrants, until such registration or approval shall have been obtained or such other action shall have been taken, but all Warrants the exercise of which is requested during any such suspension shall be exercisable at the Exercise Price and upon the other conditions in effect on the date of surrender of the Warrant Certificate and payment of the Exercise Price. If the Company is unable to obtain such registration or approval within a reasonable time, the Company may direct the Warrant Agent to return the Warrant to the Warrant Holder and inform him that such Warrant may not be exercised in such jurisdiction, and the Warrant Agent shall comply with such directions.