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

Purchase Permitted by Applicable Laws; Legal Investment. Each Purchaser’s purchase of and payment for the Notes to be purchased by it (i) shall not be prohibited by any Applicable Law or governmental regulation; and (ii) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Appears in 7 contracts

Samples: Third Lien Subordinated Exchange Agreement (NextWave Wireless Inc.), Purchase Agreement (NextWave Wireless Inc.), Third Lien Subordinated Exchange Agreement (NextWave Wireless Inc.)

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Purchase Permitted by Applicable Laws; Legal Investment. Each Purchaser’s Purchasers purchase of and payment for the Notes and Initial Warrants to be purchased by it (i) shall not be prohibited by any Applicable Law or governmental regulation; and (ii) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Appears in 2 contracts

Samples: Third Lien Subordinated Exchange Note Exchange Agreement (NextWave Wireless Inc.), Second Lien Subordinated Note Purchase Agreement (NextWave Wireless Inc.)

Purchase Permitted by Applicable Laws; Legal Investment. Each Purchaser’s purchase The acquisition of and payment for the Notes to be purchased Note and the Warrants and the consummation of the transactions contemplated by it the Transaction Documents (ia) shall not be prohibited by any Applicable Law applicable law or governmental regulation; , (b) shall not subject the Purchaser to any penalty or, in its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation and (iic) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Appears in 2 contracts

Samples: Securities Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al), Securities Purchase Agreement (PMR Corp)

Purchase Permitted by Applicable Laws; Legal Investment. Each Purchaser’s 's purchase of and payment for the Notes to be purchased by it (i) it: 1. shall not be prohibited by any Applicable Law or governmental regulation; and (ii) and 2. shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Appears in 2 contracts

Samples: Purchase Agreement (NextWave Wireless LLC), Purchase Agreement (NextWave Wireless LLC)

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Purchase Permitted by Applicable Laws; Legal Investment. Each Purchaser’s purchase of and payment for the Notes and Initial Warrants to be purchased by it (i) shall not be prohibited by any Applicable Law or governmental regulation; and (ii) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Appears in 2 contracts

Samples: Third Lien Subordinated Exchange Note Exchange Agreement (Manchester Financial Group, LP), Third Lien Subordinated Exchange Note Exchange Agreement (Navation, Inc.)

Purchase Permitted by Applicable Laws; Legal Investment. Each Purchaser’s Purchasers purchase of and payment for the Notes to be purchased by it (i) shall not be prohibited by any Applicable Law or governmental regulation; and (ii) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Appears in 1 contract

Samples: Second Lien Subordinated Note Purchase Agreement (NextWave Wireless Inc.)

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