Common use of Legal Investment Clause in Contracts

Legal Investment. On the Closing Date, the Purchaser's purchase of the Shares shall be permitted by the laws and regulations of the jurisdiction to which the Purchaser is subject (including, without limitation, Section 5 of the Securities Act) and shall not be enjoined (temporarily or permanently) under, prohibited by or contrary to any injunction, order or decree applicable to the Purchaser.

Appears in 3 contracts

Samples: Securities Purchase Agreement (American Realty Capital Properties, Inc.), Securities Purchase Agreement (American Realty Capital Properties, Inc.), Securities Purchase Agreement (American Real Estate Investment Corp)

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Legal Investment. On the Closing Date, the Purchaser's purchase of the Shares by the Buyer shall be permitted by the laws and regulations of the each jurisdiction to which the Purchaser Buyer is subject (including, without limitation, Section 5 of the Securities Act) and shall not be enjoined (temporarily or permanently) under, prohibited by or contrary to any injunction, order or decree applicable to the Purchasersubject.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Stone Lion Capital Partners L.P.), Stock Purchase Agreement (Stone Lion Capital Partners L.P.), Stock Purchase Agreement (Stone Lion Capital Partners L.P.)

Legal Investment. On the Closing Date, the Purchaser's purchase of the Shares shall be permitted by the laws and regulations regulation of the jurisdiction to which the Purchaser is subject (including, without limitation, Section 5 of the Securities Act) and shall not be enjoined (temporarily or permanently) under, prohibited by or contrary to any injunction, order or decree applicable to the Purchaser.

Appears in 3 contracts

Samples: Securities Purchase Agreement (American Realty Capital Properties, Inc.), Securities Purchase Agreement (American Realty Capital Properties, Inc.), Securities Purchase Agreement (American Real Estate Investment Corp)

Legal Investment. On the Closing Date, the Purchaser's purchase by each of the Investors of the Preferred Shares shall be permitted by the laws and regulations regulation of the jurisdiction to which the Purchaser each such Investor is subject (including, without limitation, Section 5 of the Securities Act) and shall not be enjoined (temporarily or permanently) under, prohibited by or contrary to any injunction, order or decree applicable to the PurchaserInvestor.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (American Realty Capital Properties, Inc.), Purchase Agreement (American Realty Capital Properties, Inc.)

Legal Investment. On the Closing Date, the Purchaser's purchase of the Preferred Shares by the Investors shall be permitted by the laws and regulations of the jurisdiction to which each of the Purchaser Investors is subject (including, without limitation, Section 5 of the Securities Act) and shall not be enjoined (temporarily or permanently) under, prohibited by or contrary to any injunction, order or decree applicable to any of the PurchaserInvestors.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (American Realty Capital Properties, Inc.), Purchase Agreement (American Realty Capital Properties, Inc.)

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Legal Investment. On the Closing Date, the Purchaser's purchase of the Shares shall be permitted by the all laws and regulations of the jurisdiction to which the Purchaser is subject (including, without limitation, Section 5 of the Securities ActAct or Section 1405(a)(8) of the New York Insurance Law) and shall not be enjoined (temporarily or permanently) under, prohibited by or contrary to any injunction, order or decree applicable to the Purchaser.

Appears in 1 contract

Samples: Stock Purchase Agreement (Home Properties of New York Inc)

Legal Investment. On the Closing Date, the Purchaser's purchase of the Shares shall be permitted by the laws and regulations of the jurisdiction to which the Purchaser is subject (including, without limitation, Section 5 of the Securities Act) ), and shall not subject the Purchaser to any tax, penalty, liability or other onerous condition under or pursuant to any applicable law or governmental regulation, and shall not be enjoined (temporarily or permanently) under, prohibited by or contrary to any injunction, order or decree applicable to the Purchaser.. (f)

Appears in 1 contract

Samples: Incorporated _________________________ Stock Purchase Agreement (FMR Corp)

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