Common use of Conflict with Other Laws Clause in Contracts

Conflict with Other Laws. Any other provisions hereof to the contrary notwithstanding, no Bank Affiliate shall be entitled to exercise the right under this Warrant to purchase any share or shares of Common Stock if, under any law or under any regulation, rule or other requirement of any governmental authority at any time applicable to such Bank Affiliate, (a) as a result of such purchase, such Bank Affiliate would own, control or have power to vote a greater quantity of securities of any kind than the Bank Affiliate shall be permitted to own, control or have power to vote or (b) such purchase would not be permitted. For purposes of this Section 2.3, a written certification of the Bank Affiliate exercising this Warrant, delivered upon surrender of the Warrant pursuant to the Agreement, to the effect that the Bank Affiliate is legally entitled to exercise its right under this Warrant to purchase securities and that such purchase will not violate the prohibitions set forth in the preceding sentence, shall be conclusive and binding upon the Company and shall obligate the Company to deliver certificates representing the shares of Common Stock so purchased in accordance with the other provisions hereof and shall relieve the Company of any liability under this Section 2.3.

Appears in 2 contracts

Samples: Warrant Agreement (Chart Industries Inc), Warrant Agreement (Chart Industries Inc)

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Conflict with Other Laws. Any other provisions hereof to the contrary notwithstanding, no Person which is a bank holding company or a subsidiary of a bank holding company, as defined in the Bank Affiliate Holding Company Act of 1956, as amended, or other applicable banking laws of the United States of America and the rules and regulations thereunder (a "Bank Affiliate") shall be entitled to exercise the right under this Warrant to purchase any share or shares of Common Stock if, under any law or under any regulation, rule or other requirement of any governmental authority at any time applicable to such Bank Affiliate, (a) as a result of such purchase, such Bank Affiliate would own, control or have power to vote a greater quantity of securities of any kind than the Bank Affiliate shall be permitted to own, control or have power to vote vote, or (b) such purchase would not be permitted. For purposes of this Section 2.3, a written certification statement of the Bank Affiliate exercising this Warrant, delivered upon surrender of the Warrant pursuant to the Agreement, to the effect that the Bank Affiliate is legally entitled to exercise its right under this Warrant to purchase securities and that such purchase will not violate the prohibitions set forth in the preceding sentence, shall be conclusive and binding upon the Company in all respects and shall obligate the Company to deliver certificates representing the shares of Common Stock so purchased in accordance with the other provisions hereof and shall relieve the Company of any liability under this Section 2.3.

Appears in 1 contract

Samples: Stock Purchase Agreement (Palomar Medical Technologies Inc)

Conflict with Other Laws. Any other provisions hereof to the contrary notwithstanding, no Bank Affiliate shall be entitled to exercise the right under this Warrant to purchase any share or shares of Common Stock if, under any law or under any regulation, rule or other requirement of any governmental authority at any time applicable to such Bank Affiliate, (a) as a result of such purchase, such Bank Affiliate would own, control or have power to vote a greater quantity of securities of any kind than the Bank Affiliate shall be permitted to own, control or have power to vote vote, or (b) such purchase would not be permitted. For purposes of this Section 2.32.2, a written certification statement of the Bank Affiliate exercising this Warrant, delivered upon surrender of the Warrant pursuant to the Warrant Purchase Agreement, to the effect that the Bank Affiliate is legally entitled to exercise its right under this Warrant to purchase securities and that such purchase will not violate the prohibitions set forth in the preceding sentence, shall be conclusive and binding upon the Company and shall obligate the Company to deliver certificates representing the shares of Common Stock so purchased in accordance with the other provisions hereof and shall relieve the Company of any liability under this Section 2.32.2.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Holmes Group Inc)

Conflict with Other Laws. Any other provisions hereof to the contrary notwithstanding, no Bank Affiliate shall be entitled to exercise the right under this Warrant to purchase any share or shares of Common Stock if, under any law or under any regulation, rule or other requirement of any governmental authority at any time applicable to such Bank Affiliate, (a) as a result of such purchase, such Bank Affiliate would own, control or have power to vote a greater quantity of securities of any kind than the Bank Affiliate shall be permitted to own, control or have power to vote vote, or (b) such purchase would not be permitted. For purposes of this Section 2.32.2, a written certification statement of the Bank Affiliate exercising this Warrant, delivered upon surrender of the Warrant pursuant to the Warrant Purchase Agreement, to the effect that the Bank Affiliate is legally entitled to exercise its right under this Warrant to purchase securities and that such purchase will not violate the prohibitions set forth in the preceding sentence, shall be conclusive and binding upon the Company and shall obligate the Company to deliver certificates representing the shares of Common Stock so purchased in accordance with the other provisions hereof and shall relieve the Company of any liability under this Section 2.3.preceding

Appears in 1 contract

Samples: Warrant Purchase Agreement (Outsource International Inc)

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Conflict with Other Laws. Any other provisions hereof to the contrary notwithstanding, no Bank Affiliate shall be entitled to exercise the right under this Warrant to purchase any share or shares of Common Stock if, under any law or under any regulation, rule or other requirement of any governmental authority at any time applicable to such Bank Affiliate, (a) as a result of such purchase, such Bank Affiliate would own, control or have power to vote a greater quantity of securities of any kind than the Bank Affiliate shall be permitted to own, control or have power to vote or (b) such purchase would not be permitted. For purposes of this Section 2.3, a written certification of the Bank Affiliate exercising this the Warrant, delivered upon surrender of the Warrant pursuant to the Agreement, to the effect that the Bank Affiliate is legally entitled to exercise its right under this Warrant to purchase securities and that such purchase will not violate the prohibitions set forth in the preceding sentence, shall be conclusive and binding upon the Company and shall obligate the Company to deliver certificates representing the shares of Common Stock so purchased in accordance with the other provisions hereof and shall relieve the Company of any liability under this Section 2.3.

Appears in 1 contract

Samples: Warrant Agreement (Chart Industries Inc)

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