Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Senior Subordinated Notes, the Warrants and the Shares and the consummation of the transactions contemplated hereby (a) shall not be prohibited by any applicable law or governmental regulation, (b) shall not subject the Purchasers to any penalty or, in their reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which they are subject.
Appears in 2 contracts
Samples: Securities Purchase Agreement (National Auto Finance Co Inc), Securities Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)
Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Senior Subordinated Notes, the Note and Warrants and the Shares and the consummation of the transactions contemplated hereby (a) shall not be prohibited by any applicable law or governmental regulation, (b) shall not subject the Purchasers Purchaser to any penalty or, in their its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which they are it is subject.
Appears in 1 contract
Samples: Senior Subordinated Note and Warrant Purchase Agreement (Phoenix Racing Inc)
Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Senior Subordinated Notes, Notes to be acquired by the Warrants and the Shares Purchaser hereunder and the consummation of the transactions contemplated hereby (a) shall not be prohibited by any applicable law or governmental regulation, (b) shall not subject the Purchasers Purchaser to any penalty or, in their its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which they are it is subject.
Appears in 1 contract
Samples: Note Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)
Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Senior Subordinated Notes, Notes and the Warrants and the Shares and the consummation of the transactions contemplated hereby (a) shall not be prohibited by any applicable law or governmental regulation, (b) shall not subject the Purchasers Purchaser to any penalty or, in their reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which they are subject.
Appears in 1 contract
Samples: Securities Purchase Agreement (National Auto Finance Co Inc)
