Common use of Securities Qualification Requirements Clause in Contracts

Securities Qualification Requirements. If, in the opinion of counsel for the Company any Prospectus, or other filing is required to be filed with or any permission is required to be obtained from any securities regulatory body or any other step is required under any Federal or Provincial law before any shares which the Warrant Holder is entitled to purchase pursuant to his Warrant may properly and legally be issued upon exercise thereof, the Company covenants that it will take such action.

Securities Qualification Requirements. If, in the opinion of counsel for the Company Company, any Prospectus, Statement of Material Facts or other filing document is required to be filed with with, or any permission is required to be obtained from from, any securities regulatory body body, or any other step is required under any Federal or Provincial State law before any shares which the Warrant Holder is entitled to purchase pursuant to his Warrant may properly and legally be issued upon exercise thereofissued, the Company covenants agrees that it will take such action and the Holder agrees that his right to exercise the Warrant is subject to such action by the Company and to such filing, permission, or other action.