Common use of Purchase and Loan Permitted by Applicable Laws Clause in Contracts

Purchase and Loan Permitted by Applicable Laws. The purchase of, and payment for, all the Securities evidenced by or attendant to the Bridge Notes shall not violate any applicable domestic law or governmental regulation (including, without limitation, Section 5 of the Securities Act) and shall not subject Purchaser to any tax, penalty, liability, or other onerous condition under, or pursuant to, any applicable law or governmental regulation or order.

Appears in 4 contracts

Samples: Bridge Note Purchase Agreement (Cambex Corp), Bridge Note Purchase and Security Agreement (Tracker Corp of America), Series 1 Bridge Note Purchase and Security Agreement (Compositech LTD)

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Purchase and Loan Permitted by Applicable Laws. The purchase of, and payment for, all the Securities evidenced by or attendant to the Bridge Notes shall not violate any applicable domestic law or governmental regulation (including, without limitation, Section 5 of the Securities Act) and shall not subject the Purchaser to any tax, penalty, liability, or other onerous condition under, or pursuant to, any applicable law or governmental regulation or order.

Appears in 2 contracts

Samples: Series 1 Bridge Note Purchase and Security Agreement (Cumetrix Data Systems Corp), Series 1 Bridge Notes Purchase and Security Agreement (Providential Holdings Inc)

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