Common use of No Violation of Applicable Law Clause in Contracts

No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the redemption of Securities or Underlying Shares otherwise required under this Agreement, any applicable Certificate of Designations or the Registration Rights Agreement would be prohibited by the relevant provisions of the Business Corporation Law of the State of Texas, such redemption shall be effected as soon as it is permitted under such law; provided, however, that from the fifth (5th) day after such redemption notice until such redemption price is paid in full, interest on any such unpaid amount shall accrue and be payable at the rate of 15% per annum in accordance with the applicable Certificate of Designation.

No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the redemption of Securities Shares or Underlying Shares otherwise required under this Agreement, any applicable Certificate of Designations or the Registration Rights Agreement would be prohibited by the relevant provisions of the Texas Business Corporation Law of the State of TexasAct, such redemption shall be effected as soon as it is permitted under such law; provided, however, that from the fifth (5th) 5th day after such redemption notice until such redemption price is paid in full, interest on any such unpaid amount shall accrue and be payable at the rate of 15% per annum in accordance with the applicable Certificate of Designationannum.

No Violation of Applicable Law. Notwithstanding any provision of this Agreement to the contrary, if the redemption of Securities shares of Preferred Stock or Underlying Shares otherwise required under this Agreement, any applicable Certificate of Designations Agreement or the Registration Rights Agreement would be prohibited by the relevant provisions of the Texas Business Corporation Law of the State of TexasAct, such redemption shall be effected as soon as it is permitted under such law; provided, however, that from the fifth (5th) day after such redemption notice Redemption Notice (as defined in the Certificate of Designation) until such redemption price Redemption Price (as defined in the Certificate of Designation) is paid in full, interest on any such unpaid amount shall accrue and be payable at the rate of 15% per annum in accordance with the applicable Certificate of Designation.