Common use of California Securities Laws Clause in Contracts

California Securities Laws. Such Investor acknowledges and agrees that the sale of the Securities 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 for such securities prior to such qualification is unlawful, unless the sale of securities is exempt from qualification by Section 25100, 25102 or 25105 of the California Corporations Code. The rights of all parties to this agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Securities Laws. Such Investor acknowledges and agrees that the sale of the Securities Note 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 for such securities prior to such qualification is unlawful, unless the sale of securities is exempt from qualification by Section 25100, 25102 or 25105 of the California Corporations Code. The rights of all parties to this agreement are expressly conditioned upon such qualification being obtained, unless the sale is so exempt.

California Securities Laws. Such Investor acknowledges and agrees that the The sale of the Securities securities that are the subject of this Agreement has not been qualified with the Commissioner of Corporations of the State of California California, and the issuance of such the securities or the payment or receipt of any part of the consideration for such securities Purchase Price prior to such the qualification is unlawful, unless the sale of securities is exempt from the qualification by Section 25100, 25102 or 25105 of the California Corporations Code. The rights Corporate Securities Law of all parties to this agreement are expressly conditioned upon such qualification being obtained1968, unless the sale is so exemptas amended.