Common use of Shares Issuable Upon Exercise Clause in Contracts

Shares Issuable Upon Exercise. The Company covenants and agrees ----------------------------- that all securities that may be issued upon the exercise of the rights, represented by this Warrant will, upon issuance, be validly issued, fully paid and non-assessable, and free from all taxes, liens, and charges with respect to the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue). The Company further covenants and agrees that, during the period within which the rights represented by this Warrant may be exercised, the Company will at all times have authorized, and reserved, a sufficient number of shares of its Common Stock to provide for the exercise of rights presented by this Warrant.