Common use of Legal Investment Clause in Contracts

Legal Investment. On the Closing Date, the consummation of the transactions contemplated by the Agreement and the Related Agreements shall be legally permitted by all laws and regulations to which Purchaser and the Company are subject.

Appears in 4 contracts

Samples: Second Series F Preferred Stock and Warrant Purchase Agreement (New World Coffee Manhattan Bagel Inc), Second Series F Preferred Stock and Warrant Purchase Agreement (Halpern Denny Iii Lp), Series F Preferred Stock and Warrant Purchase Agreement (New World Coffee Manhattan Bagel Inc)

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Legal Investment. On the Closing Date, the consummation of the transactions contemplated by the Agreement and the Related Agreements shall be legally permitted by all laws and regulations to which Purchaser the Purchasers and the Company are subject.

Appears in 3 contracts

Samples: Third Series F Preferred Stock and Warrant Purchase Agreement (Greenlight Capital LLC), Third Series F Preferred Stock and Warrant Purchase Agreement (Halpern Denny Iii Lp), Third Series F Preferred Stock and Warrant Purchase Agreement (New World Coffee Manhattan Bagel Inc)

Legal Investment. On the Subsequent Closing Date, the consummation consummations of the transactions contemplated by the Agreement and the Related Agreements shall be legally permitted by all laws and regulations to which Purchaser Purchasers and the Company are subject.

Appears in 3 contracts

Samples: Series D Preferred Stock and Warrant Purchase Agreement (New World Coffee Manhattan Bagel Inc), Series D Preferred Stock and Warrant Purchase Agreement (Brookwood New World Investors LLC), Series D Preferred Stock and Warrant Purchase Agreement (Bet Associates Lp)

Legal Investment. On the Interim Closing Date, the consummation of the transactions contemplated by the Agreement and the Related Agreements shall be legally permitted by all laws and regulations to which Purchaser Purchasers and the Company are subject.

Appears in 3 contracts

Samples: Series D Preferred Stock and Warrant Purchase Agreement (Bet Associates Lp), Series D Preferred Stock and Warrant Purchase Agreement (Brookwood New World Investors LLC), Series D Preferred Stock and Warrant Purchase Agreement (New World Coffee Manhattan Bagel Inc)

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Legal Investment. On the Closing Date, the consummation of the transactions transaction contemplated by the this Agreement and the Related Agreements shall be legally permitted by all laws and regulations to which Purchaser and the Company are subject.

Appears in 2 contracts

Samples: Common Stock and Warrant Purchase Agreement (PAVANA POWER Corp), Common Stock and Warrant Purchase Agreement (PAVANA POWER Corp)

Legal Investment. On the such Closing Date, the consummation of the transactions contemplated by the Agreement and the Related Agreements shall be legally permitted by all laws and regulations to which the Purchaser and the Company are subject.

Appears in 2 contracts

Samples: Series F Preferred Stock Purchase Agreement (New World Coffee Manhattan Bagel Inc), Series F Preferred Stock Purchase Agreement (Halpern Denny Iii Lp)

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