Common use of Certain Legal Requirements Clause in Contracts

Certain Legal Requirements. In the event that the participation in the Issuance by a Participation Offeree as a Participating Buyer would require under applicable law (i) the registration or qualification of such Subject Securities or of any Person as a broker or dealer or agent with respect to such Subject Securities where such registration or qualification is not otherwise required for the Issuance or (ii) the provision to any participant in the Issuance of any specified information regarding the Company or any of its Subsidiaries or the Subject Securities that is not otherwise required to be provided for the Issuance, such Participation Offeree shall not have the right to participate in the Issuance. Without limiting the generality of the foregoing, it is understood and agreed that the Issuer shall not be under any obligation to effect a registration of such Subject Securities under the Securities Act or similar state statutes.