Common use of Legal Investment Clause in Contracts

Legal Investment. At the time of the Closing, the conditions set forth in Sections 5.8 and 5.9 shall have occurred and the purchase of the Shares to be purchased by the Purchasers hereunder shall be legally permitted by all laws and regulations to which the Purchasers and the Company are subject.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Scriptgen Pharmaceuticals Inc), Stock Purchase Agreement (Scriptgen Pharmaceuticals Inc)

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Legal Investment. At the time of the Closing, the conditions set forth in Sections 5.7 and 5.8 and 5.9 shall have occurred and the purchase of the Shares to be purchased by the Purchasers hereunder shall be legally permitted by all laws and regulations to which the Purchasers and the Company are subject.

Appears in 2 contracts

Samples: Series a Preferred Stock and Warrant Purchase Agreement (Telantis Venture Partners v Inc), Series a Preferred Stock and Warrant Purchase Agreement (Visalia Trust)

Legal Investment. At the time of the Closing, the conditions set forth in Sections 5.8 5.6 and 5.9 5.7 shall have occurred and the purchase of the Shares to be purchased by the Purchasers hereunder shall be legally permitted by all laws and regulations to which the Purchasers and the Company are subject.

Appears in 2 contracts

Samples: Series C Preferred Stock Purchase Agreement (Cellomics Inc), Series a Preferred Stock Purchase Agreement (Softlock Com Inc)

Legal Investment. At the time of the Closing, the conditions set forth in Sections 5.8 5.5 and 5.9 5.6 shall have occurred and the purchase of the Shares and Warrant to be purchased by the Purchasers Purchaser hereunder shall be legally permitted by all laws and regulations to which the Purchasers Purchaser and the Company are subject.

Appears in 1 contract

Samples: Purchase Agreement (Genaissance Pharmaceuticals Inc)

Legal Investment. At the time of the Closing, the conditions set ---------------- forth in Sections 5.8 5.8, 5.9 and 5.9 5.10 shall have occurred and the purchase of the Shares to be purchased by the Purchasers hereunder shall be legally permitted by all laws and regulations to which the Purchasers each Purchaser and the Company are subject.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Applied Micro Circuits Corp)

Legal Investment. At the time of the each Closing, the conditions set forth in Sections 5.8 and 5.9 Section 3.6 hereof shall have occurred and the purchase of the Shares to be purchased by the Purchasers hereunder shall be legally permitted by all laws and regulations to which the Purchasers Purchaser and the Company are subject.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Msu Corp)

Legal Investment. At the time of the Closing, the conditions set forth in Sections 5.8 5.5 and 5.9 5.6 shall have occurred and the purchase of the Shares Note to be purchased by the Purchasers Purchaser hereunder shall be legally permitted by all laws and regulations to which the Purchasers Purchaser and the Company are subject.

Appears in 1 contract

Samples: Financing Agreement (Genaissance Pharmaceuticals Inc)

Legal Investment. At the time of the Closing, the conditions set forth in Sections 5.8 5.9, 5.10 and 5.9 5.11 shall have occurred and the purchase of the Shares to be purchased by the Purchasers you hereunder shall be legally permitted by all laws and regulations to which the Purchasers you and the Company are subject.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Seamed Corp)

Legal Investment. At the time of the Closing, the conditions set --------------- forth in Sections 5.8 5.8, 5.9, 5.10, 5.11 and 5.9 5.15 shall have occurred and the purchase of the Shares to be purchased by the Purchasers hereunder shall be legally permitted by all laws and regulations to which the Purchasers each Purchaser and the Company are subject.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Applied Micro Circuits Corp)

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Legal Investment. At the time of the Closing, the conditions set forth in Sections 5.8 5.5 and 5.9 5.6 shall have occurred and the purchase issuance of the Shares Note to be purchased by the Purchasers hereunder Purchaser shall be legally permitted by all laws and regulations to which the Purchasers Purchaser and the Company are subject.

Appears in 1 contract

Samples: Financing Agreement (Genaissance Pharmaceuticals Inc)

Legal Investment. At the time of the Closing, the conditions set forth in Sections 5.8 4.8 and 5.9 4.9 shall have occurred and the purchase of the Series B Preferred Shares to be purchased by the Purchasers hereunder shall be legally permitted by all laws and regulations to which the Purchasers and the Company are subject.

Appears in 1 contract

Samples: Series B Preferred Stock Purchase Agreement (Scriptgen Pharmaceuticals Inc)

Legal Investment. At the time of the ---------------- Closing, the conditions set forth in Sections 5.8 5.3 and 5.9 5.6 shall have occurred and the purchase of the Shares to be purchased by the Purchasers hereunder Purchaser shall be legally permitted by all laws and regulations to which the Purchasers Purchaser and the Company are subject.

Appears in 1 contract

Samples: Stock Purchase Agreement (Film & Music Entertainment, Inc.)

Legal Investment. At the time of the each Closing, the conditions set forth in Sections 5.8 5.6 and 5.9 5.7 shall have occurred and the purchase of the Shares and Warrants to be purchased by the Purchasers hereunder shall be legally permitted by all laws and regulations to which the Purchasers and the Company are subject.

Appears in 1 contract

Samples: Series a Preferred Stock and Warrant Purchase Agreement (Cellomics Inc)

Legal Investment. At the time of the Closing, the conditions set forth in Sections 5.8 5.8, 5.9 and 5.9 5.10 shall have occurred and the purchase of the Shares to be purchased by the Purchasers hereunder shall be legally permitted by all laws and regulations to which the Purchasers and the Company are subject.

Appears in 1 contract

Samples: Series C Convertible Preferred Stock Purchase Agreement (Global Pharmaceutical Corp \De\)

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