Purchase Permitted by Applicable Laws; Legal Investment. The purchase of and payment for the Preferred Securities as described in this Agreement shall (a) not be prohibited by any applicable law or governmental regulation, (b) not subject the Purchaser to any penalty or, in the reasonable judgment of the Purchaser, other onerous conditions under or pursuant to any applicable law or governmental regulation, and (c) be permitted by the laws and regulations of the jurisdictions to which the Purchaser is subject.
Appears in 4 contracts
Samples: Purchase Agreement (Greater Community Bancorp), Purchase Agreement (United Bancorporation of Alabama Inc), Purchase Agreement (BNC Bancorp)
Purchase Permitted by Applicable Laws; Legal Investment. The ---------------------------------------------------------- purchase of and payment for the Preferred Securities as described in this Agreement shall (a) not be prohibited by any applicable law or governmental regulation, (b) not subject the Purchaser to any penalty or, in the reasonable judgment of the Purchaser, other onerous conditions under or pursuant to any applicable law or governmental regulation, and (c) 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 purchase acquisition of and payment for the Preferred Securities as described in this Agreement by such Purchaser and the consummation of the Transactions (i) shall (a) not be prohibited by any applicable law or governmental regulation, and (bii) shall not subject the Purchaser Company to any penalty or, in the its reasonable judgment of the Purchaserjudgment, other onerous conditions under or pursuant to any applicable law or governmental regulation, and (c) be permitted by the laws and regulations of the jurisdictions to which the Purchaser is subject.; and
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Purchase Permitted by Applicable Laws; Legal Investment. The ---------------------------------------------------------- purchase of and payment for the Preferred Securities as described in this Agreement shall (a) not be prohibited by any applicable law or governmental regulation, (b) not subject the any Purchaser to any penalty or, in the reasonable judgment of the any Purchaser, other onerous conditions under or pursuant to any applicable law or governmental regulation, and (c) be permitted by the laws and regulations of the jurisdictions to which the any Purchaser is subject.
Appears in 1 contract
Purchase Permitted by Applicable Laws; Legal Investment. The purchase of and payment for the Preferred Securities as described in this Agreement shall (a) not be prohibited by any applicable law or governmental regulation, (b) not subject the Purchaser Purchasers to any penalty or, in the reasonable judgment of the PurchaserPurchasers, other onerous conditions under or pursuant to any applicable law or governmental regulation, and (c) be permitted by the laws and regulations of the jurisdictions to which the Purchaser is Purchasers are subject.
Appears in 1 contract
Samples: Purchase Agreement (Windrose Medical Properties Trust)
Purchase Permitted by Applicable Laws; Legal Investment. The purchase exchange of and payment the Existing Preferred Securities for the Preferred Securities as described in this Agreement shall (a) not be prohibited by any applicable law or governmental regulation, (b) not subject the Purchaser Holders or the Exchangors to any material penalty or, in the reasonable judgment of the Purchaser, other onerous conditions under or pursuant to any applicable law or governmental regulation, regulation and (c) be permitted by the laws and regulations of the jurisdictions to which the Purchaser is Holders and the Exchangors are subject.
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Purchase Permitted by Applicable Laws; Legal Investment. The purchase acquisition of and payment for the Preferred Securities as described in this Agreement Common Shares and the consummation of the transactions contemplated hereby (i) shall (a) not be prohibited by any applicable law or governmental regulation, (bii) shall not subject the Purchaser Purchasers to any penalty or, in the its reasonable judgment of the Purchaserjudgment, other onerous conditions 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 the Purchaser it is subject.
Appears in 1 contract
Samples: Stock Purchase Agreement (Commercial Electronics LLC)
Purchase Permitted by Applicable Laws; Legal Investment. The purchase of and payment for the Preferred Securities as described in this Agreement shall (a) not be prohibited by any applicable law or governmental regulation, (b) not subject the Purchaser to any material penalty or, in the reasonable judgment of the Purchaser, other onerous conditions under or pursuant to any applicable law or governmental regulation, and (c) be permitted by the laws and regulations of the jurisdictions to which the Purchaser is subject.
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