Common use of Conditions to Issuance of Stock Clause in Contracts

Conditions to Issuance of Stock. The Company shall not be required to issue or deliver any stock purchased upon the exercise of this Option or portion thereof prior to fulfillment of all of the following conditions: (a) The obtaining of approval or other clearance from any state or federal governmental agency or Stock Exchange which the Committee shall, in its reasonable and good faith discretion, determine to be necessary or advisable; and (b) The receipt by the Company of such assurance of compliance with federal and state securities laws as it may deem necessary or advisable.

Conditions to Issuance of Stock. The Company shall not be required to issue or deliver any stock purchased upon the exercise of this an Option or portion thereof prior to fulfillment of all of the following conditions: (a) The obtaining of approval or other clearance from any state or federal governmental agency or Stock Exchange which the Committee shall, in its reasonable and good faith discretion, determine to be necessary or advisable; and (b) The receipt by the Company of such assurance of compliance with federal and state securities laws as it may deem necessary or advisable.

Conditions to Issuance of Stock. The Company shall not be required to issue or deliver any stock Common Stock purchased upon the exercise of this Option Warrant or portion thereof prior to fulfillment of all of the following conditions: (a) The obtaining of approval or other clearance from any state or federal governmental agency or Stock Exchange which stock exchange that the Committee Board shall, in its reasonable and good faith discretion, determine to be necessary or advisable; and (b) The receipt by the Company of such assurance of compliance with federal and state securities laws as it may deem necessary or advisable.