California Qualification Sample Clauses
The California Qualification clause requires a company to be properly registered or authorized to conduct business in the state of California. In practice, this means the company must file the necessary documents with California authorities and maintain good standing, which may include paying state fees and appointing a registered agent. This clause ensures that the company is legally permitted to operate in California, thereby reducing the risk of penalties, fines, or legal disputes related to unauthorized business activities.
California Qualification. The Commissioner of Corporations of the State of California shall have issued a permit qualifying the offer and sale of the Securities to the Investors pursuant to this Agreement, or such offer and sale shall be exempt from such qualification under the California Corporate Securities Law of 1968, as amended.
California Qualification. The offer and sale to Investor of the Common Stock shall be exempt from qualification under the California Corporate Securities Law of 1968, as amended.
California Qualification. All registrations, qualifications, ------------------------ permits and approvals required under applicable state securities law shall have been obtained for the offer, sale, issuance and delivery of the Series C Preferred Stock and the Common Stock pursuant to this Agreement.
California Qualification. The Commissioner of Corporations of the State of California shall have issued a permit qualifying the offer and sale to the Investors of the Series E Preferred Stock and Common Stock issuable upon the
California Qualification. 15 6.5 Investors' Rights and Stock Restriction Agreement. . . . . . . . . . . . 15 6.6
California Qualification. DIGENOVA UNDERSTANDS THAT THE SALE OF THE SECURITIES HAS NOT BEEN QUA▇▇▇▇▇▇ ▇ITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF THE SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION FOR THE SECURITIES PRIOR TO SUCH QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF THE SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTION 25100, 25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT EXPRESSLY ARE CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED, UNLESS THE SALE IS SO EXEMPT.
California Qualification. THE SALE OR ISSUANCE OF THE SECURITIES THAT ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF THE SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO THE QUALIFICATION OR THE AVAILABILITY OF AN EXEMPTION THEREFROM IS UNLAWFUL. THE RIGHTS OF ALL PARTIES WITH RESPECT TO SUCH SECURITIES ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED OR AN EXEMPTION BEING AVAILABLE.
California Qualification. 11 6.3 Asset Purchase Agreement............................................. 11
California Qualification. The sale of the securities which are the ------------------------ subject of this Agreement has not been qualified with the Commissioner of Corporations of the State of California and the issuance of such securities or the payment or receipt of any part of the consideration therefor prior to such qualification is unlawful. The rights of all parties with respect to such securities are expressly conditioned upon such qualification being obtained.
California Qualification. Operator or its Affiliate, if required by Law, is registered in California as an investment advisor and it is in compliance with Laws with respect to foreign (non-California) corporations.