Legality of Investment. The Notes to be purchased by you shall be a legal investment for you under the laws of each jurisdiction to which you may be subject (without resort to any so-called "basket provisions" to such laws).
Legality of Investment. Your acquisition of the Notes shall constitute a legal investment as of the Closing Date under the laws and regulations of each jurisdiction to which you may be subject (without resort to any "basket" or "leeway" provision which permits the making of an investment without restriction as to the character of the particular investment being made), and such acquisition shall not subject you to any penalty or other onerous condition in or pursuant to any such law or regulation.
Legality of Investment. The Note to be purchased by the Purchaser shall be a legal investment for the Purchaser under the laws of each jurisdiction to which it may be subject (including legality by virtue of resort to any so-called basket provisions of such laws).
Legality of Investment. On the date of closing, the Notes shall qualify as a legal investment for life insurance companies under applicable law (other than any basket or leeway provisions thereof), and the Company shall have delivered such evidence as you may reasonably request to establish compliance with this condition.
Legality of Investment. Legal Consent to the Amendment, BAOLI and each Purchaser represents and warrants that the execution and performance of the Amendment are consented and approved by the Board of Directors of BAOLI and such Purchaser and that the Amendment is legally binding on BAOLI and such Purchaser. BAOLI and each Purchaser also make the representations and warranties set forth in Exhibit A.
Legality of Investment. There shall not be in effect any law or order of any Governmental Authority restraining, enjoining or otherwise prohibiting or making illegal the consummation of the transactions contemplated by the Transaction Documents.
Legality of Investment. The purchase of the Note at Closing Time shall be permitted at Closing Time by the laws of the jurisdiction to which Purchaser is subject and such acquisition shall not subject Purchaser to any penalty or other onerous condition in or pursuant to any applicable law or government regulation.
Legality of Investment. The Notes, the Warrants and the Strip Equity to be purchased by you shall be legal investments for you under the laws of each jurisdiction to which you may be subject (without resort to any so-called "basket provisions" to such laws).
Legality of Investment. 11 4.7 Private Placement Number................................... 11 4.8 Consent of NBD. N.A........................................ 11
Legality of Investment. The Subject Securities shall on the Closing Date (a) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as Section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, (b) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System) and (c) qualify as a legal investment for such Purchaser and such purchase shall not subject such Purchaser to any penalty or other onerous condition under or pursuant to any applicable law or governmental regulation, and such Purchaser shall have received such evidence as it may reasonably request to establish compliance with this condition.
