Common use of Reservation of Stock Issuable Upon Conversion Clause in Contracts

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the Conversion of the shares of the Series C Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the Conversion of all then outstanding shares of the Series C Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the Conversion of all then outstanding shares of the Series C Preferred Stock, the Corporation will use its commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock Stock, solely for the purpose of effecting the Conversion conversion of the shares of the Series C A Preferred Stock and Series B Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C A Preferred Stock and Series B Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C A Preferred Stock and Series B Preferred Stock, the Corporation will use its commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

Reservation of Stock Issuable Upon Conversion. The Solely for the purpose of effecting the conversion of the shares of the Series C Preferred Stock, the Corporation shall at all times times, subject to the conditions described in Section 5(a), reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the Conversion of the shares of the Series C Preferred Stock, such number of its shares of its Common Stock as shall from time to time be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C Preferred Stock, the Corporation will use its commercially reasonable efforts to take such corporate action as mayas, in the opinion of its counselcounsel to the Corporation, may be necessary and authorized to increase its authorized but unissued shares of Common Stock to such number of shares of Common Stock to such number of shares as shall be sufficient for such purposepurposes.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times use reasonable efforts to reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the Conversion conversion of the shares of the Series C B Convertible Preferred Stock, Stock such number of its shares of Common Stock as shall from time to time be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C B Convertible Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient insufficient to effect the Conversion conversion of all then outstanding shares of the Series C B Convertible Preferred Stock, the Corporation will shall use its commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, counsel be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the Conversion conversion of the shares of the Series C A Preferred Stock, and Series B Preferred such number of its shares of Common Stock as shall from time to time be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C A Preferred Stockand Series B Preferred; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C A Preferred Stockand Series B Preferred, the Corporation will use its commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

Reservation of Stock Issuable Upon Conversion. The Corporation --------------------------------------------- shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock Stock, solely for the purpose of effecting the Conversion conversion of the shares of the Series C Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C Preferred Stock; and if . If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C Preferred Stock, the Corporation will use its commercially reasonable efforts to may take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose, including, without limitation, engaging in best efforts to obtain the necessary stockholder approval.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the Conversion conversion of the shares of the Series C Preferred StockB Preferred, such number of its shares of Common Stock as shall from time to time be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C Preferred StockB Preferred; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C Preferred StockB Preferred, the Corporation will use its commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the Conversion conversion of the shares of the Series C B1 Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C B1 Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C B1 Preferred Stock, the Corporation will use its commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the Conversion conversion of the shares of the Series C A Preferred Stock, Stock such number of its shares of its Common Stock as shall from time to time be sufficient to effect the Conversion conversion of all then outstanding authorized shares of the Series C A Preferred Stock, whether or not such shares are then outstanding; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the Conversion conversion of all then outstanding the authorized shares of the Series C A Preferred Stock, the Corporation will use its commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, whether or not such shares are then outstanding, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the Conversion conversion of the shares of the Series C A Convertible Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C A Convertible Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the Conversion conversion of all then outstanding shares of the Series C A Convertible Preferred Stock, the Corporation will use its commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.