Common use of Inability to Obtain Authorization Clause in Contracts

Inability to Obtain Authorization. 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 of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue such Shares as to which such requisite authority shall not have been obtained.

Appears in 17 contracts

Samples: Restricted Stock Award Agreement (Black Hills Corp /Sd/), Restricted Stock Award Agreement (Black Hills Corp /Sd/), Restricted Stock Award Agreement (RBB Bancorp)

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Inability to Obtain Authorization. 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 Common Stock hereunder, shall relieve the Company of any liability in with respect of to the failure to issue or sell such Shares shares as to which such requisite authority shall not have been obtained.

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Tandy Brands Accessories Inc), Performance Unit Award Agreement (Tandy Brands Accessories Inc), Performance Unit Award Agreement (Tandy Brands Accessories Inc)

Inability to Obtain Authorization. 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 of any Shares shares of Stock hereunder, shall relieve the Company of any liability in with respect of to the failure to issue such Shares shares of Stock as to which such requisite authority shall not have been obtained.

Appears in 3 contracts

Samples: Performance Share Unit Award Agreement (Neenah Inc), Performance Share Unit Award Agreement (Neenah Inc), Performance Share Unit Award Agreement (Neenah Inc)

Inability to Obtain Authorization. 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 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 3 contracts

Samples: Restricted Stock Award Agreement (Millennium Chemicals Inc), Restricted Stock Award Agreement (Millennium Chemicals Inc), Restricted Stock Award Agreement (Millennium Chemicals Inc)

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Inability to Obtain Authorization. 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 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 (BlueLinx Holdings Inc.), Performance Share Award Agreement (BlueLinx Holdings Inc.)

Inability to Obtain Authorization. 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 of any Shares hereunder, shall relieve the Company of any liability in with respect of to the failure to issue such Shares as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: Performance Share Award Agreement (Neenah Paper Inc)

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