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 Preferred Shares to be acquired by the 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 Purchaser to any penalty or, in 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 it is subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the Initial Preferred Shares to be acquired by the Purchaser hereunder and the consummation of the transactions contemplated hereby: hereby (a) shall not be prohibited by any 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; regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

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

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the Initial Preferred Shares to be acquired by the Purchaser hereunder and the consummation of the transactions contemplated hereby: hereby (a) shall not be prohibited by any applicable law or governmental regulation; regulation and (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 (c) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the Preferred Shares to be acquired by Shares, and the Purchaser hereunder Warrants, the issuance of the Warrants and the consummation of the other transactions contemplated hereby: hereby (ai) shall not be prohibited by any applicable law or governmental regulation; , (bii) shall not subject the Purchaser Purchasers to any penalty or, in its their reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation; regulation and (ciii) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the First Preferred Shares to be acquired by the such Purchaser hereunder and the consummation of the transactions contemplated hereby: hereby with respect to such Purchaser (a) shall not be prohibited by any applicable law or governmental regulation; , (b) shall not subject the such Purchaser to any penalty or, in its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation; regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the Preferred Shares to be acquired by the Purchaser hereunder and Class A Warrants and the consummation of the transactions contemplated hereby: hereby (a) shall not be prohibited by any 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; regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the First Preferred Shares to be acquired by the such Purchaser hereunder and the consummation of the transactions contemplated hereby: hereby with respect to such Purchaser (a) shall not be prohibited by any applicable law or governmental regulation; , (b) shall not subject the such Purchaser to any penalty or, in its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation; regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the Second Preferred Shares to be acquired by the such Purchaser hereunder and the consummation of the transactions contemplated hereby: hereby with respect to such Purchaser (a) shall not be prohibited by any applicable law or governmental regulation; , (b) shall not subject the such Purchaser to any penalty or, in its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation; regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the Preferred Shares to be acquired by Shares, and the Purchaser hereunder Warrants, the issuance of the Warrants and the consummation of the other transactions contemplated hereby: hereby (ai) shall not be prohibited by any applicable law or governmental regulation; , (bii) shall not subject the Purchaser Purchasers to any penalty or, in its their reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation; regulation 10 and (ciii) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the Preferred Shares to be acquired by Stock and the Purchaser hereunder Warrants and the consummation of the transactions contemplated hereby: hereby (a) shall not be prohibited by any applicable law or governmental regulation; , (b) shall not subject the Purchaser Purchasers to any penalty or, in its 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 it is each are subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the Preferred Common Shares to be acquired by the Purchaser hereunder and the consummation of the transactions contemplated hereby: hereby (ai) shall not be prohibited by any applicable law or governmental regulation; , (bii) shall not subject the Purchaser Purchasers to any penalty or, in its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation; regulation and (ciii) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition of and payment for the Second Preferred Shares to be acquired by the such Purchaser hereunder and the consummation of the transactions contemplated hereby: hereby with respect to such Purchaser (a) shall not be prohibited by any applicable law or governmental regulation; , (b) shall not subject the such Purchaser to any penalty or, in its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation; regulation and (c) shall be permitted by the laws and regulations of the jurisdictions to which it is subject.