Compliance with Nevada Law Sample Clauses

Compliance with Nevada Law. The statutes and regulations which establish the Charter School, as well as the Renewal Application, are hereby incorporated by reference as a part of this Agreement. The Charter School agrees to comply with current statutes and regulations regarding the creation and operation of the Charter School in Nevada, including specifically NRS 386.520 and NRS 386.550.
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Compliance with Nevada Law. Notwithstanding anything to the contrary in this Agreement or otherwise, the Company shall not be required or permitted to issue, and the Buyer shall not be required to purchase, any shares of Common Stock under this Agreement if such issuance would cause the number of issued and outstanding shares of Common Stock to exceed the number of shares of Common Stock then authorized in the Articles of Incorporation (as defined below).
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Compliance with Nevada Law. The Parties agree that notwithstanding the fact that the Company’s Articles of Organization and Operating Agreement do not provide for the right of any member of the Company to withdraw from such Company, such withdrawal is approved and agreed to by the Parties. For the sake of clarity and in an abundance of caution, the Parties agree that in the event MIEJ is prohibited from withdrawing from the Company rightfully pursuant to Section 86.331 of the Nevada Revised Statutes (the “NRS”), MIEJ shall be deemed to have withdrawn from the Company pursuant to Section 86.335 of the NRS, the MIEJ Sale Consideration Allocation shall be deemed to represent the fair market value of the Membership Interests held by MIEJ prior to the withdrawal and the damages suffered by the Company as a result of such withdrawal shall be deemed to be zero. Other than the Note Payoff Amount and the MIEJ Sale Consideration Allocation, MIEJ shall not be due any other consideration pursuant to this Agreement, in connection with the withdrawal, in connection with the prior ownership of the Membership Interests, or in connection with its capital contribution in the Company and the Company shall not be required to return its capital contribution in the Company.
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Compliance with Nevada Law. All statutes and regulations which govern charter schools in Nevada, including any statutes and regulations amended after the date of this Agreement, are hereby incorporated by reference as a part of this Agreement. Charter School agrees to comply with all applicable statutes and regulations governing charter schools in Nevada. Charter School represents and warrants to District that it understands the statutes and regulations governing charter schools, is capable of understanding future amendments to such statutes and regulations, and will govern itself in accordance with all such statutes and regulations that are applicable to Charter School at the time Charter School engages in any particular conduct or operations.
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Related to Compliance with Nevada Law

  • Compliance with Statutes Rules and Regulations In performing its obligations under this Contract, the Provider shall without exception be aware of and comply with all State and Federal laws, rules, Children and Families Operating Procedures (CFOPs), and regulations relating to its performance under this Contract as they may be enacted or amended from time-to-time, as well as any court or administrative order, judgment, settlement or compliance agreement involving the Department which by its nature affects the services provided under this Contract.

  • Compliance with Applicable Law For the services provided under this Contract, Contractor shall comply with all federal, state, and local laws applicable to public contracts and the work done under this Contract, and with all regulations and administrative rules established pursuant to those laws.

  • Compliance with OFAC None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”), and the Company will not, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

  • Compliance with Applicable Laws Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, disclosure and all predatory and abusive lending laws applicable to the Mortgage Loan, including, without limitation, any provisions relating to prepayment penalties, have been complied with, the consummation of the transactions contemplated hereby will not involve the violation of any such laws or regulations, and the Seller shall maintain in its possession, available for the Purchaser's inspection, and shall deliver to the Purchaser upon demand, evidence of compliance with all such requirements;

  • Compliance with Agreements, Laws, Etc It shall (i) duly observe and comply in all material respects with all Applicable Laws relative to the conduct of its business or to its assets, (ii) preserve and keep in full force and effect its legal existence, (iii) preserve and keep in full force and effect its rights, privileges, qualifications and franchises, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect, (iv) comply with the terms and conditions of each Facility Document to which it is a party and its Constituent Documents and (v) obtain, maintain and keep in full force and effect all Governmental Authorizations, Private Authorizations and Governmental Filings which are necessary to properly carry out its business and the transactions contemplated to be performed by it under the Facility Documents to which it is a party and its Constituent Documents, except, in the case of this clause (v), where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

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