Common use of Compliance with Blue Sky Laws Clause in Contracts

Compliance with Blue Sky Laws. You shall determine in which states or jurisdictions the Securities shall be registered or qualified for sale. Copies of all applications and related documents for the registration or qualification of securities (except for the Registration Statement and Prospectus) filed with the various states shall be supplied to the Company's counsel not later than one business day following their transmission to the various states, and copies of all comments and orders received from the various states shall be made available promptly to the Company's counsel. Immediately prior to the Effective Date, counsel for the Representatives shall advise counsel for the Company in writing of all states in which the offering has been registered or qualified for sale or has been canceled, withdrawn, or denied, the date of each such event, and the number of Securities registered or qualified for sale in each such state. The Company shall be responsible for the cost of state registration or qualification filing fees and the legal fees of Representatives' counsel in connection with such filings, which filing fees are payable to Representatives' counsel in advance of such filings. The legal fees payable by the Company with respect to blue sky filings by Representatives' counsel shall be fifty thousand dollars ($50,000), of which twenty five thousand dollars ($25,000) has been paid. The Company hereby acknowledges that any remaining balance with respect to legal fees or blue sky filing fees is immediately due and payable.

Compliance with Blue Sky Laws. You shall determine in which states or jurisdictions the Securities shall be registered or qualified for sale. Copies of all applications and related documents for the registration or qualification of securities (except for the Registration Statement and Prospectus) filed with the various states shall be supplied to the Company's counsel not later than one business day following their transmission to the various states, and copies of all comments and orders received from the various states shall be made available promptly to the Company's counsel. Immediately prior to the Effective Date, counsel for the Representatives Underwriter shall advise counsel for the Company in writing of all states in which the offering has been registered or qualified for sale or has been canceled, withdrawn, or denied, the date of each such event, and the number of Securities registered or qualified for sale in each such state. The Company shall be responsible for the cost of state registration or qualification filing fees and the legal fees of Representatives' Underwriter's counsel in connection with such filings, which filing fees are payable to Representatives' Underwriter's counsel in advance of such filings. The legal fees payable by the Company with respect to blue sky filings by Representatives' Underwriter's counsel shall be fifty sixty thousand dollars ($50,00060,000), of which twenty five thousand dollars ($25,000) has been paid. The Company hereby acknowledges that any remaining balance with respect to legal fees or blue sky filing fees is immediately due and payable.

Compliance with Blue Sky Laws. You shall determine in which states or jurisdictions the Securities shall be registered or qualified for sale. Copies of all applications and related documents for the registration or qualification of securities (except for the Registration Statement and Prospectus) filed with the various states shall be supplied to the Company's counsel not later than one business day following their transmission to the various states, and copies of all comments and orders received from the various states shall be made available promptly to the Company's counsel. Immediately prior to the Effective Date, counsel for the Representatives Underwriter shall advise counsel for the Company in writing of all states in which the offering has been registered or qualified for sale or has been canceled, withdrawn, or denied, the date of each such event, and the number of Securities registered or qualified for sale in each such state. The Company shall be responsible for the cost of state registration or qualification filing fees and the legal fees of Representatives' Underwriter's counsel in connection with such filings, which filing fees are payable to Representatives' Underwriter's counsel in advance of such filings. The legal fees payable by the Company with respect to blue sky filings by Representatives' Underwriter's counsel shall be fifty thousand dollars ($50,000), of which twenty five thousand dollars ($25,000) has been paid. The Company hereby acknowledges that any remaining balance with respect to legal fees or blue sky filing fees is immediately due and payable.

Compliance with Blue Sky Laws. You shall determine in which states or jurisdictions the Securities shall be registered or qualified for sale. Copies of all applications and related documents for the registration or qualification of securities (except for the Registration Statement and Prospectus) filed with the various states shall be supplied to the Company's counsel not later than one business day following their transmission to the various states, and copies of all comments and orders received from the various states shall be made available promptly to the Company's counsel. Immediately prior to the Effective Date, counsel for the Representatives Underwriter shall advise counsel for the Company in writing of all states in which the offering has been registered or qualified for sale or has been canceled, withdrawn, or denied, the date of each such event, and the number of Securities registered or qualified for sale in each such state. The Company shall be responsible for the cost of state registration or qualification filing fees and the legal fees of Representatives' Underwriter's counsel in connection with such filings, which filing fees are payable to Representatives' Underwriter's counsel in advance of such filings. The legal fees payable by the Company with respect to blue sky filings by Representatives' Underwriter's counsel shall be fifty forty thousand dollars ($50,00040,000), of which twenty five thousand dollars ($25,00020,000) has been paid. The Company hereby acknowledges that any remaining balance with respect to legal fees or blue sky filing fees is immediately due and payable.

Compliance with Blue Sky Laws. You shall determine in which states or jurisdictions the Securities shall be registered or qualified for sale. Copies of all applications and related documents for the registration or qualification of securities (except for the Registration Statement and Prospectus) filed with the various states shall be supplied to the Company's counsel not later than one business day following their transmission to the various states, and copies of all comments and orders received from the various states shall be made available promptly to the Company's counsel. Immediately prior to the Effective Date, counsel for the Representatives Underwriter shall advise counsel for the Company in writing of all states in which the offering has been registered or qualified for sale or has been canceled, withdrawn, or denied, the date of each such event, and the number of Securities registered or qualified for sale in each such state. The Company shall be responsible for the cost of state registration or qualification filing fees and the legal fees of Representatives' Underwriter's counsel in connection with such filings, which filing fees are payable to Representatives' Underwriter's counsel in advance of such filings. The legal fees of Underwriter's counsel payable by the Company with respect to blue sky filings by Representatives' counsel shall be fifty forty thousand dollars ($50,00040,000), of which twenty five thousand dollars ($25,00020,000) has been paid. The Company hereby acknowledges that any remaining balance with respect to legal fees or blue sky filing fees is immediately due and payable.