Common use of Legality of Investment Clause in Contracts

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).

Appears in 9 contracts

Samples: Note Agreement (Universal Forest Products Inc), Note Agreement (Unitog Co), Note Agreement (Russell Corp)

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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 provisionsBASKET PROVISIONS" to such laws).

Appears in 2 contracts

Samples: Note Agreement (Nash Finch Co), Note Agreement (Nash Finch Co)

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).. -----------------

Appears in 1 contract

Samples: Note Agreement (U S Rentals Inc)

Legality of Investment. The Notes to be purchased by you shall be qualify as a legal investment for you under the laws and regulations of each jurisdiction to which you may be subject (without resort to any so-called "basket provisions" “basket” provision which permits the making of an investment without restrictions as to the character of the particular investment being made) and you shall have received such laws)information as you shall reasonably request from the Company to establish such fact.

Appears in 1 contract

Samples: Note Agreement (AbitibiBowater Inc.)

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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-so- called "basket provisionsBASKET PROVISIONS" to such laws).

Appears in 1 contract

Samples: Note Agreement (Spartan Stores Inc)

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