Common use of Legality; Governmental Authorization Clause in Contracts

Legality; Governmental Authorization. The purchase of the Purchased Securities shall not be prohibited by any law or governmental order or regulation, and shall not subject you to any penalty, special tax, or other onerous condition. All necessary consents, approvals, licenses, permits, orders and authorizations of, or registrations, declarations and filings with, any governmental or administrative agency or of or with any other Person, with respect to any of the transactions contemplated by this Agreement or any of the Related Agreements shall have been duly obtained or made and shall be in full force and effect.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Eloquent Inc), Securities Purchase Agreement (Buffalo Wild Wings Inc)

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Legality; Governmental Authorization. The purchase of the Purchased Securities shall not be prohibited by any law or governmental order or regulation, and shall not subject you the Purchaser to any penalty, special tax, or other onerous condition. All necessary consents, approvals, licenses, permits, orders and authorizations of, or registrations, declarations and filings with, any governmental or administrative agency or of or with any other Person, with respect to any of the transactions contemplated by this Agreement or any of the Related Agreements Transactions shall have been duly obtained or made and shall be in full force and effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Meade Instruments Corp)

Legality; Governmental Authorization. The purchase of the Purchased Securities shall not be prohibited by any law or governmental order or regulation, and shall not subject you the Participants to any penalty, special tax, or other onerous condition. All necessary consents, approvals, licenses, permits, orders and authorizations of, or registrations, declarations and filings with, any governmental or administrative agency or of or with any other Person, with respect to any of the transactions contemplated by this Agreement or any of the Related Financing Agreements shall have been duly obtained or made and shall be in full force and effect.

Appears in 1 contract

Samples: Warrant Purchase Agreement (Factory Card Outlet Corp)

Legality; Governmental Authorization. The purchase of the Purchased Securities shall not be prohibited by any law or law, governmental order or regulation, and shall not subject any of you to any penalty, special tax, or other onerous condition. All necessary consents, approvals, licenses, permits, orders and authorizations of, or registrations, declarations and filings with, any governmental or administrative agency or of or with any other Person, with respect to any of the transactions contemplated by this Agreement or any of the Related Agreements Agreements, shall have been duly obtained or made and shall be in full force and effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Community Distributors Inc)

Legality; Governmental Authorization. The purchase of the Purchased -------- ------------ ------------- Securities shall not be prohibited by any law or law, governmental order or regulation, and shall not subject you the Investor to any penalty, special tax, or other onerous condition. All necessary consents, approvals, licenses, permits, orders and authorizations of, or registrations, declarations and filings with, any governmental or administrative agency or of or with any other Person, with respect to any of the transactions contemplated by this Agreement or any of the Related Agreements Agreements, shall have been duly obtained or made and shall be in full force and effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ameritruck Distribution Corp)

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Legality; Governmental Authorization. The purchase of the Purchased ------------------------------------ Securities shall not be prohibited by any law or governmental order or regulation, and shall not subject you to any penalty, special tax, or other onerous condition. All necessary consents, approvals, licenses, permits, orders and authorizations of, or registrations, declarations and filings with, any governmental or administrative agency or of or with any other Person, with respect to any of the transactions contemplated by this Agreement or any of the Related Agreements shall have been duly obtained or made and shall be in full force and effect.

Appears in 1 contract

Samples: Securitites Purchase Agreement (Periscope Sportswear Inc)

Legality; Governmental Authorization. The purchase of the Purchased Securities shall not be prohibited by any law or governmental order or regulation, and shall not subject you the Collateral Agent or any Holder to any penalty, special tax, or other onerous condition. All necessary consents, approvals, licenses, permits, orders and authorizations of, or registrations, declarations and filings with, any governmental or administrative agency or of or with any other Person, with respect to any of the transactions contemplated by this Agreement or any of the Related Agreements shall have been duly obtained or made and shall be in full force and effect.

Appears in 1 contract

Samples: Securities Purchase and Loan Agreement (National Investment Managers Inc.)

Legality; Governmental Authorization. The purchase of the Purchased Securities shall not be prohibited by any law or law, governmental order or regulation, and shall not subject you to any penalty, special tax, or other onerous condition. All necessary consents, approvals, licenses, permits, orders and authorizations of, or registrations, declarations and filings with, any governmental or administrative agency or of or with any other Person, with respect to any of the transactions contemplated by this Agreement or any of the Related Agreements Agreements, shall have been duly obtained or made and shall be in full force and effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Perkins Family Restaurants Lp)

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