Common use of Additional Registration Clause in Contracts

Additional Registration. Notwithstanding any other provision of this Agreement, if and to the extent that the issuance of Underlying Common Stock upon conversion of Notes is not exempt from the registration requirements of the Securities Act, the Company will register such issuance under the Securities Act, on substantially the terms and conditions (other than Section 2(e) hereof) set forth in this Agreement for registration of the resale of Registrable Securities, for so long as is required by applicable law; provided, that the foregoing obligation, if any, shall not be applicable in the event the Company elects to satisfy, solely in cash, its obligation to pay the full amount of the conversion value, if any, in excess of the accreted principal amount of the Notes due upon conversion thereof.