Common use of Common Stock Issuable Upon Conversion Clause in Contracts

Common Stock Issuable Upon Conversion. The Company covenants and agrees that it has the requisite authority to issue the Note and all Conversion Shares that may be issued upon the conversion of the Note. The Company will, during the term of this Note, reserve and keep available, out of COL's Common Stock, the number of shares of Common Stock included in the Conversion Shares into which this Note may be converted.

Common Stock Issuable Upon Conversion. The Company covenants and agrees that it has the requisite authority to issue the Note and all Conversion Shares that may be issued upon the conversion of the Note. The Company will, during the term of this Note, reserve and keep available, out of COL's Common Stock, available the number of shares of Common Stock included in the Conversion Shares into which this Note may be converted.