Corporate Securities Law. THE SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH ANY STATE REGULATORY AUTHORITY HAVING JURISDICTION THEREOF AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION OR IN THE ABSENCE OF EXEMPTION FROM SUCH QUALIFICATION IS UNLAWFUL. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED OR AN EXEMPTION FROM SUCH QUALIFICATION BEING AVAILABLE.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Teraforce Technology Corp), Securities Purchase Agreement (Teraforce Technology Corp), Securities Purchase Agreement (Fayez Sarofim & Co)
Corporate Securities Law. THE SALE OF THE SECURITIES WHICH THAT ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH UNDER ANY STATE REGULATORY AUTHORITY HAVING JURISDICTION THEREOF LAW, AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR FOR SUCH SECURITIES PRIOR TO SUCH QUALIFICATION OR IN IS UNLAWFUL UNLESS THE ABSENCE SALE OF EXEMPTION SECURITIES IS EXEMPT FROM SUCH QUALIFICATION IS UNLAWFULUNDER APPLICABLE LAW. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED OR AN EXEMPTION FROM SUCH QUALIFICATION BEING AVAILABLEOBTAINED, UNLESS THE SALE IS SO EXEMPT.
Appears in 3 contracts
Samples: Preferred Stock Stock Purchase Agreement (Base Ten Systems Inc), Preferred Stock Stock Purchase Agreement (Base Ten Systems Inc), Preferred Stock Stock Purchase Agreement (Base Ten Systems Inc)
