Common use of Reservation of Shares of Common Stock Clause in Contracts

Reservation of Shares of Common Stock. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock, for the purpose of effecting conversion of the Note, the full number of shares of Common Stock deliverable upon the conversion of the Note.

Reservation of Shares of Common Stock. The Company covenants that it will at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common Stock, for the purpose of effecting conversion issuance of the Noteshares upon exercise of warrants, the full number of shares of Common Stock deliverable upon the conversion exercise of the Notea warrant.

Reservation of Shares of Common Stock. The Company covenants that it will shall at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common StockStock or treasury shares, for the purpose of effecting the conversion of the NoteConvertible Debentures, the full number of shares of Common Stock deliverable of the Company then issuable upon the conversion of the Noteall outstanding Convertible Debentures.

Reservation of Shares of Common Stock. The Company covenants that it will shall at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common StockStock or treasury shares, for the purpose of effecting the conversion of the NoteConvertible Debentures, the full number of shares of Common Stock deliverable then issuable upon the conversion of the Noteall outstanding Convertible Debentures.

Reservation of Shares of Common Stock. The Company covenants that it will shall at all times reserve and keep available, free from preemptive rights, out of the aggregate of its authorized but unissued shares of Common StockStock or treasury shares, for the purpose of effecting the conversion of the NoteConvertible Debentures, the full number of shares of Common Stock deliverable of the Company then issuable upon the conversion of the Noteall outstanding Convertible Debentures of any series that has conversion rights.

Reservation of Shares of Common Stock. The Company corporation covenants that it will at all times reserve and keep availableavailable out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of (Series "B") Preferred Stock as herein provided, free from preemptive rights, out rights or any other actual contingent purchase rights of persons other than the aggregate holders of its authorized but unissued shares of Common (Series "B") Preferred Stock, for the purpose of effecting conversion of the Note, the full such number of shares of Common Stock deliverable as shall be issuable upon the conversion of the Note.outstanding (Series "B")