Legal and Regulatory Matters. All legal (including tax implications) and regulatory matters shall be satisfactory to the Administrative Agent, including but not limited to compliance with all applicable requirements of Regulations U, T and X of the Board of Governors of the Federal Reserve System.
Legal and Regulatory Matters. No Shares shall be issued upon the exercise of this Option unless and until the Company has determined in its sole discretion that:
Legal and Regulatory Matters. With respect to the making of filings to any Governmental Entity or third party:
Legal and Regulatory Matters. Until ATS and its Affiliates cease to hold in aggregate less than 50% of the outstanding Photowatt Common Shares, Photowatt shall not adopt policies or directives relating to legal or regulatory compliance that are inconsistent in any material respect with the policies and directives identified by ATS as critical to legal and regulatory compliance; provided, however, that nothing contained herein shall prevent adoption of policies or directives that, in the opinion of counsel to Photowatt, are necessary or desirable to comply with then applicable Law.
Legal and Regulatory Matters. All legal (including tax) and regulatory matters shall be satisfactory to the Administrative Agent and the Lenders, including compliance with all applicable requirements of Regulations U, T and X of the Board of Governors of the Federal Reserve System, and the Administrative Agent shall have received a FR U-1 statement properly completed by the Company with respect to any margin stock that is included as Collateral.
Legal and Regulatory Matters. Except as set forth in Schedule 3.18: (i) there is no claim, suit, action, arbitration, governmental investigation or other proceeding, nor any order, decree or judgment pending or in effect, or, to the Knowledge of the Company, threatened by, against or relating to the Company or any of its properties, or the transactions contemplated hereby, (ii) there are no judgments, decrees or orders enjoining the Company in respect of, or the effect of which is to prohibit any business practice or the acquisition of any property or the conduct of any aspect of the business of the Company, (iii) the Company has complied and is complying with all laws, ordinances, treaties and governmental rules, orders and regulations applicable to it or its properties, assets, personnel or business, non-compliance with which would have a Material Adverse Effect, (iv) the Company has obtained all material Licenses necessary for the ownership of its properties and the conduct of its business as currently conducted, and all such Licenses are currently in full force and effect and (v) the Company has provided QuadraMed and Acquisition Co. with access to all Government Communications received by the Company since January 1, 1996, and has delivered to QuadraMed and Acquisition Co. a true and complete copy of all Government Communications as to which any unresolved issue remains.
Legal and Regulatory Matters. All legal (including tax implications) and regulatory matters shall be reasonably satisfactory to the Administrative Agent and Lenders, including but not limited to compliance with all applicable requirements of Regulations U, T and X of the Board.
Legal and Regulatory Matters. Except as set forth on Schedule 3.18, (i) there is no claim, suit, action, arbitration, governmental investigation or other proceeding, nor any order, decree or judgment pending or in effect, or, to the Knowledge of the Company and the Shareholders, threatened by, against or relating to the Company or any of its properties, or the transactions contemplated hereby, (ii) there are no judgments, decrees or orders enjoining the Company in respect of, or the effect of which is to prohibit any business practice or the acquisition of any property or the conduct of any aspect of the business of the Company, (iii) to the Knowledge of the Company and the Shareholders, the Company has complied and is complying with all laws, ordinances, treaties and governmental rules, orders and regulations applicable to it or its properties, assets, personnel or business, non-compliance with which could have a Material Adverse Effect, (iv) the Company has obtained all material Licenses necessary for the ownership of its properties and the conduct of its business as currently conducted, and all such Licenses are currently in full force and effect and (v) the Company has provided QuadraMed and Acquisition Co. with access to all Government Communications and has delivered to QuadraMed and Acquisition Co. a true and complete copy of all Government Communications received by the Company since November 30, 1998, and all Government Communications as to which any unresolved issue remains.
Legal and Regulatory Matters. The Plan, this Agreement, this Option and the obligation of the Company to sell and deliver the Shares upon exercise of this Option are and shall be subject to (i) all applicable laws, government regulations and rules and (ii) all applicable regulations and rules adopted by the Board in accordance with the Plan. Without limiting the generality of the foregoing, no Shares shall be issued upon the exercise of this Option unless and until the Company has determined in its sole discretion that: (i) the Company and the Optionee have taken all actions required to register the Shares under the Securities Act of 1933, as amended, or any successor statute (the “Securities Act”), or to perfect an exemption from the registration requirements of the Securities Act; (ii) any applicable listing requirements of any stock exchange or other securities market on which the Common Stock is listed have been satisfied; and (iii) all other applicable provisions of federal and state law have been satisfied.
Legal and Regulatory Matters. LENDER will upon receipt of any summons, writ, pleading or other notice of suit wherein ADMINISTRATOR or any of its affiliate is named a party in any manner, forward to ADMINISTRATOR a copy of the same by express or overnight mail. Upon receipt by LENDER, of a regulatory inquiry or complaint relating to the services provided and/or business conducted under this AGREEMENT or PROGRAM, a copy of the same shall be forwarded to ADMINISTRATOR by express mail or overnight mail.
