Common use of Character of Warrant Shares Clause in Contracts

Character of Warrant Shares. All Warrant Shares issuable upon --------------------------- the exercise of this Warrant shall be, when issued, duly authorized, validly issued, fully paid and nonassessable, free from all transfer taxes. liens, charges and preemptive rights, if any, with respect thereto or to the issuance thereof. Without limiting the generality of the foregoing, the Corporation shall take all such actions as may be required to assure that the par value per share of the Common Stock, if any, is at all times equal to or less than the Exercise Price.

Character of Warrant Shares. All Warrant Shares issuable --------------------------- upon --------------------------- the exercise of this Warrant shall be, when issued, duly authorized, validly issued, fully paid and nonassessable, free from all transfer taxes. , liens, charges and preemptive rights, if any, with respect thereto or to the issuance thereof. Without limiting the generality of the foregoing, the Corporation shall take all such actions as may be required to assure that the par value per share of the Common Stock, if any, is at all times equal to or less than the Exercise Price.