Common use of Additional Condition Clause in Contracts

Additional Condition. Notwithstanding any other provision, as a condition precedent to each Closing (other than the First Closing), the following condition must also be satisfied: a Registration Statement, covering at least twice the number of shares reasonably necessary for conversion of all Preferred Shares issuable pursuant to this Agreement and reasonably necessary for the issuance of all Warrant Shares issuable pursuant to the Warrant(s), is current and effective.