Common use of Inability to Obtain Authority Clause in Contracts

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 50 contracts

Samples: Omnibus Incentive Plan (Addus HomeCare Corp), Stand Alone Stock Option Agreement (Vaxcyte, Inc.), Stand Alone Stock Option Agreement (Vaxcyte, Inc.)

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Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 15 contracts

Samples: Annual Report, Annual Report, Annual Report

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares shares of Stock hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares shares of Stock as to which such requisite authority shall not have been obtained.

Appears in 15 contracts

Samples: 2010 Omnibus Incentive Plan (Viasat Inc), Long Term Incentive Plan (Rex Energy Corp), 2009 Omnibus Incentive Plan (Rosetta Stone Inc)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall will not have been obtained.

Appears in 6 contracts

Samples: Business Combination Agreement (Acri Capital Acquisition Corp), Merger Agreement (Flexible Solutions International Inc), Investment Agreement (Easterly Acquisition Corp.)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is reasonably deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve suspend the Company of any liability in respect of the failure Company’s obligation to issue or sell such Shares as to which such requisite authority shall not have been obtainedobtained until such time when the issuance or sale can be completed lawfully.

Appears in 6 contracts

Samples: Executive Employment Agreement (Indoor Harvest Corp), Executive Employment Agreement (Indoor Harvest Corp), Advisor Agreement (Indoor Harvest Corp)

Inability to Obtain Authority. The inability of the Company Corporation to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the CompanyCorporation’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall will relieve the Company Corporation of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall will not have been obtained.

Appears in 5 contracts

Samples: 2007 Stock Option Plan (Simulations Plus Inc), Stock Option Plan (Akorn Inc), Stock Option Plan (Akorn Inc)

Inability to Obtain Authority. The inability of the Company to obtain ----------------------------- authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Class B Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Class B Shares as to which such requisite authority shall not have been obtained.

Appears in 4 contracts

Samples: Operating Agreement (Biodelivery Sciences International Inc), Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Class B Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Class B Shares as to which such requisite authority shall not have been obtained.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Biodelivery Sciences International Inc)

Inability to Obtain Authority. The inability of the Company to ----------------------------- obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 3 contracts

Samples: Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc)

Inability to Obtain Authority. The inability of To the extent the Company is unable to or the Administrator deems that it is not feasible to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company shall be relieved of any liability in with respect of to the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 2 contracts

Samples: Employment Agreement (Volitionrx LTD), Heads of Agreement (Volitionrx LTD)

Inability to Obtain Authority. The inability of the Company to obtain ----------------------------- authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunderunder this Option Agreement, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 2 contracts

Samples: Stock Option Agreement (Pc Tel Inc), Stock Option Agreement (Pc Tel Inc)

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Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. The Company shall use its best efforts to remedy such inability to gain authority as soon as reasonably possible.

Appears in 1 contract

Samples: Special Nonstatutory Stock Option Agreement (Keryx Biopharmaceuticals Inc)

Inability to Obtain Authority. The inability of the Company to obtain ----------------------------- authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: Stock Option Agreement (Efficient Networks Inc)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares shares of Stock hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares shares of Stock as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: 2009 Omnibus Incentive Plan (Rosetta Stone Inc)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder (or amounts due or owing hereunder), shall relieve the Company of any liability in respect of the failure to issue or sell such Shares (or pay amounts due or owing with respect hereto) as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: 2016 Omnibus Incentive Plan (Energy Hunter Resources, Inc.)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having have jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares of stock hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares of stock as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: 2010 Long Term Incentive Plan (Ballantyne Strong, Inc.)

Inability to Obtain Authority. The inability of the Company Corporation to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s Corporation's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall will relieve the Company Corporation of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall will not have been obtained.

Appears in 1 contract

Samples: Stock Option Plan (Akorn Inc)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Common Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Common Shares as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: Omnibus Long Term Incentive Plan (Cal-Maine Foods Inc)

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