Common use of Legality; Governmental and Other Authorization Clause in Contracts

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser and shall not subject the Purchaser to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, with respect to the transactions contemplated by the Stock Purchase Agreements shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the Purchaser, upon its reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser and its counsel, to enable the Purchaser to establish compliance with this condition.

Appears in 11 contracts

Samples: Stock Purchase Agreement (Impax Laboratories Inc), Stock Purchase Agreement (Impax Laboratories Inc), Preferred Stock Purchase Agreement (Caliber Learning Network Inc)

AutoNDA by SimpleDocs

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares Notes and Warrants shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser Purchasers and shall not subject the Purchaser Purchasers to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency agency, or other Person, with respect to the transactions contemplated by the Stock Purchase Agreements Loan Documents shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the PurchaserPurchasers, upon its their reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser Purchasers and its their counsel, to enable the Purchaser Purchasers to establish compliance with this condition.

Appears in 4 contracts

Samples: Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc), Note and Warrant Purchase Agreement (Integral Vision Inc)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser Purchasers and shall not subject the Purchaser Purchasers to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, with respect to the transactions contemplated by the Stock Purchase Agreements this Agreement shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the PurchaserPurchasers, upon its their reasonable request setting forth what is required, factual certificates or other evidence, in form and substance reasonably satisfactory to the Purchaser Purchasers and its their counsel, to enable the Purchaser Purchasers to establish compliance with this condition.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Displaytech Inc), Stock Purchase Agreement (Displaytech Inc), Stock Purchase Agreement (Displaytech Inc)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the such Subsequent Purchaser and shall not subject the such Subsequent Purchaser to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, with respect to the transactions contemplated by the Stock Purchase Agreements this Agreement shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the such Subsequent Purchaser, upon its reasonable request setting forth what is required, factual certificates or other evidence, in form and substance reasonably satisfactory to the such Subsequent Purchaser and its counsel, to enable the such Subsequent Purchaser to establish compliance with this condition.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Displaytech Inc), Stock Purchase Agreement (Displaytech Inc), Stock Purchase Agreement (Displaytech Inc)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser and shall not subject the Purchaser to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications (including, but not limited to, the expiration of the HSR waiting period) with, any governmental or administrative agency or other Person, with respect to the transactions contemplated by the Stock Purchase Agreements this Agreement, shall have been obtained or made and shall be in full force and effect. The Company Sellers shall have delivered to the Purchaser, upon its reasonable request setting forth what is required, factual certificates or other evidence, in form and substance reasonably satisfactory to the Purchaser and its special counsel, to enable the Purchaser to establish compliance with this condition.

Appears in 3 contracts

Samples: Stock Purchase Agreement (First Reserve Corp /Ct/ /Adv), Stock Purchase Agreement (Chicago Bridge & Iron Co N V), Stock Purchase Agreement (Wedge Group Inc)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser and shall not subject the Purchaser to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency Governmental Authority or other Person, with respect to the transactions contemplated by the Stock Purchase Agreements shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the Purchaser, upon its reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser and its counsel, to enable the Purchaser to establish compliance with this condition.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Hudson Technologies Inc /Ny), Stock Purchase Agreement (Hudson Technologies Inc /Ny)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares and the Warrants shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser and shall not subject the Purchaser to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, with respect to the transactions contemplated by the Stock and Warrant Purchase Agreements shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the Purchaser, upon its reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser and its counsel, to enable the Purchaser to establish compliance with this condition.

Appears in 2 contracts

Samples: Stock and Warrant Purchase Agreement (Fleming Robert Inc / Da), Stock and Warrant Purchase Agreement (Global Pharmaceutical Corp \De\)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser and shall not subject the Purchaser to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, with respect to the transactions contemplated by the Stock Purchase Agreements this Agreement shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the Purchaser, upon its reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser and its counsel, to enable the Purchaser to establish compliance with this condition.

Appears in 2 contracts

Samples: Strategic Alliance Agreement (Impax Laboratories Inc), Preferred Stock Purchase Agreement (Caliber Learning Network Inc)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser and shall not subject the Purchaser to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, person with respect to the transactions contemplated by the Stock Purchase Agreements shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the Purchaser, Purchaser upon its reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser and its counsel, setting forth what is required to enable the Purchaser to establish compliance with this condition.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Keystone Inc Et Al), Stock Purchase Agreement (Energy Biosystems Corp)

AutoNDA by SimpleDocs

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares Notes and Warrants shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser Purchasers and shall not subject the Purchaser Purchasers to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, with respect to the transactions contemplated by the Stock Purchase Agreements Loan Documents shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the PurchaserPurchasers, upon its their reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser Purchasers and its their counsel, to enable the Purchaser Purchasers to establish compliance with this condition.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Medar Inc)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares Units shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser Purchasers and shall not subject the Purchaser Purchasers to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, person with respect to the transactions contemplated by the Stock Purchase Agreements this Agreement shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the Purchaser, Purchasers upon its their reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser Purchasers and its their counsel, setting forth what is required to enable the Purchaser Purchasers to establish compliance with this condition.

Appears in 1 contract

Samples: Senior Subordinated Note and Common Stock Warrant Purchase Agreement (Creditrust Corp)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares Securities shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser and shall not subject the Purchaser to any penalty, tax, liability or other onerous condition. No legal action, suit or proceeding shall be pending or threatened which seeks to restrain or prohibit the transactions contemplated by this Agreement. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, with respect to the transactions contemplated by the Stock Purchase Agreements this Agreement shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the Purchaser, upon its reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser and its counsel, to enable the Purchaser to establish compliance with this condition.

Appears in 1 contract

Samples: Common Stock and Warrant Purchase Agreement (Impax Laboratories Inc)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser Purchasers and shall not subject the Purchaser Purchasers to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative agency or other Person, person with respect to the transactions contemplated by the Stock Purchase Agreements this Agreement shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the Purchaser, Purchasers upon its their reasonable request setting forth what is required, factual certificates or other evidence, in form and substance satisfactory to the Purchaser Purchasers and its their counsel, setting forth what is required to enable the Purchaser Purchasers to establish compliance with this condition.

Appears in 1 contract

Samples: Series C 7% Cumulative Convertible Preferred Stock Purchase Agreement (Park N View Inc)

Legality; Governmental and Other Authorization. The purchase of and payment for the Shares shall not be prohibited by any law or governmental order, rule, ruling, regulation, release, interpretation or opinion applicable to the Purchaser and shall not subject the Purchaser to any penalty, tax, liability or other onerous condition. Any necessary consents, approvals, licenses, permits, orders and authorizations of, and any filings, registrations or qualifications with, any governmental or administrative admini­strative agency or other Person, with respect to the transactions contemplated by sale of the Stock Purchase Agreements Shares pursuant to this Agreement shall have been obtained or made and shall be in full force and effect. The Company shall have delivered to the Purchaser, upon its reasonable request setting forth what is required, factual certificates or other evidence, in form and substance reasonably satisfactory to the Purchaser and its counsel, to enable the Purchaser to establish compliance with this condition.

Appears in 1 contract

Samples: Stock Purchase Agreement (Doe Run Resources Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!