Common use of Reservation of Warrant Stock Clause in Contracts

Reservation of Warrant Stock. The Company covenants and agrees that all Warrant Shares that may be issued upon the exercise of this Warrant will, upon issuance, be fully paid and non-assessable and free from all taxes, liens and charges with respect to issuance. The Company further covenants and agrees that during the period within which this Warrant may be exercised, the Company will at all times have authorized and reserved for the purpose of the issue upon exercise of the rights evidenced by this Warrant a sufficient number of shares of Common Stock to provide for the exercise of this Warrant.