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

Purchase Permitted by Applicable Laws; Legal Investment. Buyer's purchase of and payment for the Purchased Assets (a) shall not be prohibited by any applicable law or governmental order, rule, ruling, regulation, release or interpretation (b) shall not constitute a fraudulent or voidable conveyance under any applicable law and (c) shall be permitted by all applicable laws, statutes, ordinances, regulations and rules of the jurisdictions to which Buyer is subject.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Synta Pharmaceuticals Corp), Asset Purchase Agreement (Synta Pharmaceuticals Corp), Asset Purchase Agreement (Synta Pharmaceuticals Corp)

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Purchase Permitted by Applicable Laws; Legal Investment. The Buyer's purchase of and payment for the Purchased Transferred Assets (a) shall not be prohibited by any applicable law or governmental order, rule, ruling, regulation, release or interpretation interpretation, (b) shall not constitute a fraudulent or voidable conveyance under any applicable law and (c) shall be permitted by all applicable laws, statutes, ordinances, regulations and rules of the jurisdictions to which the Buyer is subject.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Oneworld Systems Inc), Asset Purchase Agreement (Tut Systems Inc), Asset Purchase Agreement (Boca Research Inc)

Purchase Permitted by Applicable Laws; Legal Investment. Buyer's purchase of and payment for the Purchased Assets (a) shall not be prohibited by any applicable law or governmental order, rule, ruling, regulation, release or interpretation interpretation, (b) shall not constitute a fraudulent or voidable conveyance under any applicable law law, and (c) shall be permitted by all applicable laws, statutes, ordinances, regulations and rules of the jurisdictions to which Buyer is subject.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Conductus Inc), Asset Purchase Agreement (Conductus Inc), Asset Purchase Agreement (Conductus Inc)

Purchase Permitted by Applicable Laws; Legal Investment. Buyer's purchase of and payment for the Purchased Transferred Assets (a) shall not be prohibited by any applicable law or governmental order, rule, ruling, regulation, release or interpretation interpretation, (b) shall not constitute a fraudulent or voidable conveyance under any applicable law and (c) shall be permitted by all applicable laws, statutes, ordinances, regulations and rules of the jurisdictions to which Buyer is subject.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Oneworld Systems Inc), Asset Purchase Agreement (Boca Research Inc)

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Purchase Permitted by Applicable Laws; Legal Investment. The Buyer's ’s purchase of and payment for the Purchased Assets (ai) shall not be prohibited by any applicable law or governmental order, rule, ruling, regulation, release or interpretation regulatory agency interpretation, and (bii) shall not constitute a fraudulent or voidable conveyance under any applicable law and (c) shall be permitted by all applicable laws, statutes, ordinances, regulations and rules of the jurisdictions to which Buyer is subjectlaw.

Appears in 1 contract

Samples: Asset Purchase Agreement (Perma Fix Environmental Services Inc)

Purchase Permitted by Applicable Laws; Legal Investment. Buyer's ------------------------------------------------------- purchase of and payment for the Purchased Transferred Assets (a) shall not be prohibited by any applicable law or governmental order, rule, ruling, regulation, release or interpretation interpretation, (b) shall not constitute a fraudulent or voidable conveyance under any applicable law and (c) shall be permitted by all applicable laws, statutes, ordinances, regulations and rules of the jurisdictions to which Buyer is subject.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tut Systems Inc)

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