Governmental and Other Regulations. The exercise of the Option and the Corporation's obligation to sell and deliver shares upon the exercise of rights to purchase shares is subject to all applicable federal and state laws, rules and regulations, and to such approvals by the regulatory or governmental agency which, in the opinion of counsel for the Corporation, may be required.
Governmental and Other Regulations. This option is subject to all laws, regulations and orders of any governmental authority which may be applicable thereto and, notwithstanding any of the provisions hereof, the Holder agrees that he will not exercise the option granted hereby nor will the Company be obligated to issue any shares of stock hereunder if the exercise thereof or the issuance of such shares, as the case may be, would constitute a violation by the Holder or the Company of any such law, regulation or order or any provision thereof. Without limiting the generality of the foregoing, the Company shall not be obligated to issue any such shares if in the Company's sole judgment to do so would cause the Company or such issue not to be in compliance with the requirements of Rule 504 promulgated under the Securities Act of 1933, as amended. The Company shall be obligated to use reasonable efforts to cause the exercise of this option or the issuance of shares pursuant hereto to comply with any such law, regulation, order or provision. In the event that the Company has failed, after using its reasonable efforts for a period of one year, to cause compliance with any such law, regulation, order or provision to be effected, the Company shall pay the Holder an amount in cash equal to the fair market value (as determined by an independent appraiser) of the shares then purchasable hereunder.
Governmental and Other Regulations. Tenant shall not violate any laws, ordinances, notices, orders, rules, regulations or requirements of any federal, state or municipal government or any department, commission, board or officer thereof, or of the National Board of Fire Underwriters or any other body exercising similar functions, or of the rules adopted by the Landlord, relating to the Premises or to the use or manner of use of the Premises by Tenant and shall at its own expense keep the Premises in compliance with all of such requirements.
Governmental and Other Regulations. The Plan, and the grant and exercise of the rights to purchase shares hereunder, and the Company's obligation to sell and deliver shares upon the exercise of rights to purchase shares, shall be subject to all applicable federal, state and foreign laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may, in the opinion of counsel for the Company, be required. The Plan shall be governed by, and ------------------------------------------------------------------------------- Page 9 ------------------------------------------------------------------------------- construed and enforced in accordance with, the provisions of Sections 421, 423 and 424 of the Code and the substantive laws of the Commonwealth of Massachusetts. In the event of any inconsistency between such provisions of the Code and any such laws, said provisions of the Code shall govern to the extent necessary to preserve favorable federal income tax treatment afforded employee stock purchase plans under Section 423 of the Code.
Governmental and Other Regulations. The exercise of the rights, and TWC's and HLN's performance of their respective obligations hereunder is subject to all applicable federal and state laws, rules and regulations, and to such approvals by any regulatory or governmental agency which may, in the opinion of counsel, be required.
Governmental and Other Regulations. Tenant shall use and keep the Premises in compliance with applicable requirements of federal, state and municipal governments and will observe and comply with applicable requirements of insurance policies in force with respect to the Premises. Tenant also acknowledges that she has received a copy of the Declaration and the Bylaws of Kemmerer Mansion Condominium (collectively, the "Condominium Documentx") xxx, during the term of this Lease, she will not do anything, or permit anything to be done, that would violate the Condominium Documents.
Governmental and Other Regulations. The TENANT shall, during the Occupancy Period, at its own cost and expense, promptly observe and comply with all present and future laws, statutes, ordinances, requirements, orders, directions, by-laws, rules and regulations of all public and quasi-public authorities having jurisdiction in the Premises and of all insurance company or companies insuring the Building or the Property and the Fire Underwriters Association or other bodies exercising similar functions whether with respect to the Premises, the condition thereof, the moveable effects therein located or any activities carried on therein in the same manner and to the same extent as if it were the owner of the Premises and the occupant thereof. "LANDLORD represents and warrants that as of the execution hereof it has not received any notice of non-compliance from any public or quasi public authority having jurisdiction in the Premises nor from any insurance company insuring the Building nor from other bodies exercising similar functions."
Governmental and Other Regulations. Tenant shall, at Tenant's sole cost and expense, comply with all of the requirements of governmental authorities and utilities pertaining to said Premises, and with all rules, regulations and recommendations of Landlord's and Tenant's insurers with respect to fire prevention and liability risks ("Insurance Matters").
