Common use of Shares Issuable Upon Conversion Clause in Contracts

Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders upon conversion of the Debentures will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.

Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of and in accordance with the Debentures Debentures, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.

Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of the Debentures Debentures, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such Except as set forth on Schedule 4.18, such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.

Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of and in accordance with the Debentures Debenture, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.

Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of the Debentures Debentures, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.

Shares Issuable Upon Conversion. The shares of Common Stock of the Borrower when issued to the Lenders upon conversion of the Debentures will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.

Shares Issuable Upon Conversion. The Subject to consummation of the Reorganization, the shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of the Debentures Debenture, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.