Common use of Purchase Permitted by Applicable Laws; Legal Investment Clause in Contracts

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Securities and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements (i) shall not be prohibited by any applicable law or governmental regulation, (ii) shall not subject Purchaser to any penalty or, in its reasonable judgment, other onerous conditions under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser is subject;

Appears in 5 contracts

Samples: Securities Purchase Agreement (Electric City Corp), Securities Purchase Agreement (Electric City Corp), Securities Purchase Agreement (Electric City Corp)

AutoNDA by SimpleDocs

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Securities and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements (i) shall not be prohibited by any applicable law or governmental regulation, and (ii) shall not subject Purchaser the Company to any penalty or, in its reasonable judgment, other onerous conditions under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser is subject;regulation; and

Appears in 4 contracts

Samples: Securities Purchase Agreement (Electric City Corp), Securities Purchase Agreement (Electric City Corp), Securities Purchase Agreement (Electric City Corp)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition purchase of and payment for the Preferred Securities and the consummation of the transactions contemplated by as described in this Agreement and the Ancillary Agreements shall (ia) shall not be prohibited by any applicable law or governmental regulation, (iib) shall not subject the Purchaser to any penalty or, in its the reasonable judgmentjudgment of the Purchaser, other onerous conditions under or pursuant to any applicable law or governmental regulation regulation, and (iiic) shall be permitted by the laws and regulations of the jurisdictions to which the Purchaser is subject;.

Appears in 4 contracts

Samples: Purchase Agreement (United Bancorporation of Alabama Inc), Purchase Agreement (BNC Bancorp), Purchase Agreement (Greater Community Bancorp)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition by such Purchaser of and payment for the Securities and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements (i) shall not be prohibited by any applicable law or governmental regulation, and (ii) shall not subject Purchaser the Company to any penalty or, in its reasonable judgment, other onerous conditions under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser is subject;regulation; and

Appears in 2 contracts

Samples: Securities Purchase Agreement (Electric City Corp), Securities Purchase Agreement (Electric City Corp)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Securities and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements hereby (ia) shall not be prohibited by any applicable law or governmental regulation, (iib) shall not subject any Purchaser to any penalty or, in its the reasonable judgmentjudgment of any Purchaser, other onerous conditions condition under or pursuant to any applicable law or governmental regulation and (iiic) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser it is subject;.

Appears in 2 contracts

Samples: Investment Agreement (Mac Music LLC), Investment Agreement (Sk Palladin Partners Lp)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Securities Preferred Shares and the Warrants to be acquired by the Investors hereunder and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements hereby (ia) shall not be prohibited by any applicable law or governmental regulation, regulation and (iib) shall not subject Purchaser any of the Investors to any penalty or, in its reasonable judgment, other onerous conditions condition under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser is subject;regulation.

Appears in 2 contracts

Samples: Stock and Warrant Purchase Agreement (Z Tel Technologies Inc), Stock and Warrant Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition ---------------------------------------------------------- purchase of and payment for the Preferred Securities and the consummation of the transactions contemplated by as described in this Agreement and the Ancillary Agreements shall (ia) shall not be prohibited by any applicable law or governmental regulation, (iib) shall not subject the Purchaser to any penalty or, in its the reasonable judgmentjudgment of the Purchaser, other onerous conditions under or pursuant to any applicable law or governmental regulation regulation, and (iiic) shall be permitted by the laws and regulations of the jurisdictions to which the Purchaser is subject;.

Appears in 2 contracts

Samples: Purchase Agreement (First Litchfield Financial Corp), Purchase Agreement (First Litchfield Financial Corp)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition ---------------------------------------------------------- purchase of and payment for the Preferred Securities and the consummation of the transactions contemplated by as described in this Agreement and the Ancillary Agreements shall (ia) shall not be prohibited by any applicable law or governmental regulation, (iib) shall not subject any Purchaser to any penalty or, in its the reasonable judgmentjudgment of any Purchaser, other onerous conditions under or pursuant to any applicable law or governmental regulation regulation, and (iiic) shall be permitted by the laws and regulations of the jurisdictions to which any Purchaser is subject;.

Appears in 1 contract

Samples: Purchase Agreement (First Banks, Inc)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Securities and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements Transactions (i) shall not be prohibited by any applicable law or governmental regulation, and (ii) shall not subject Purchaser the Company to any penalty or, in its reasonable judgment, other onerous conditions under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser is subjectregulation;

Appears in 1 contract

Samples: Securities Purchase Agreement (Electric City Corp)

AutoNDA by SimpleDocs

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Securities by such Purchaser and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements Transactions (i) shall not be prohibited by any applicable law or governmental regulation, and (ii) shall not subject Purchaser the Company to any penalty or, in its reasonable judgment, other onerous conditions under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser is subject;regulation; and

Appears in 1 contract

Samples: Securities Purchase Agreement (Electric City Corp)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Securities and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements (i) shall not be prohibited by any applicable law or governmental regulation, (ii) shall not subject Purchaser to any penalty or, in its reasonable judgment, other onerous conditions under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser is subject;.

Appears in 1 contract

Samples: Securities Purchase Agreement (Electric City Corp)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Securities Common Shares and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements hereby (i) shall not be prohibited by any applicable law or governmental regulation, (ii) shall not subject Purchaser the Purchasers to any penalty or, in its reasonable judgment, other onerous conditions condition under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser it is subject;.

Appears in 1 contract

Samples: Stock Purchase Agreement (Commercial Electronics LLC)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition of and payment for the Securities and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements (i) shall not be prohibited by any applicable law or governmental regulation, (ii) shall not subject such Purchaser to any penalty or, in its reasonable judgment, other onerous conditions under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which each Purchaser is subject;.

Appears in 1 contract

Samples: Securities Purchase Agreement (Electric City Corp)

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition purchase of and payment for the Preferred Securities and the consummation of the transactions contemplated by as described in this Agreement and the Ancillary Agreements shall (ia) shall not be prohibited by any applicable law or governmental regulation, (iib) shall not subject Purchaser the Purchasers to any penalty or, in its the reasonable judgmentjudgment of the Purchasers, other onerous conditions under or pursuant to any applicable law or governmental regulation regulation, and (iiic) shall be permitted by the laws and regulations of the jurisdictions to which Purchaser is the Purchasers are subject;.

Appears in 1 contract

Samples: Purchase Agreement (Windrose Medical Properties Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.