Common use of Qualifications, Legal Investment Clause in Contracts

Qualifications, Legal Investment. All authorizations, approvals, or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required in connection with the lawful sale and issuance of the Common Stock shall have been duly obtained and shall be effective on and as of the Closing. No stop order or other order enjoining the sale of the Common Stock shall have been issued and no proceedings for such purpose shall be pending or, to the knowledge of the Company, threatened by the SEC, or any commissioner of corporations or similar officer of any state having jurisdiction over this transaction. At the time of the Closing, the sale and issuance of the Common Stock shall be legally permitted by all laws and regulations to which the Purchaser and the Company are subject.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (Nektar Therapeutics), Common Stock Purchase Agreement (Inhale Therapeutic Systems Inc), Common Stock Purchase Agreement (Inhale Therapeutic Systems Inc)

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Qualifications, Legal Investment. All authorizations, approvals, or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required in connection with the lawful sale and issuance of the Common Stock Shares shall have been duly obtained and shall be effective on and as of the Closing. No stop order or other order enjoining the sale of the Common Stock such shares shall have been issued and no proceedings for such purpose shall be pending or, to the knowledge of the Company, threatened by the SEC, or any commissioner of corporations or similar officer of any state having jurisdiction over this transaction. At the time of the Closing, Closing the sale and issuance of the Common Stock Shares shall be legally permitted by all laws and regulations to which the Purchaser and the Company are subject.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Inhale Therapeutic Systems Inc), Stock Purchase Agreement (Hollis Eden Pharmaceuticals Inc /De/)

Qualifications, Legal Investment. All authorizations, approvals, or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required in connection with the lawful sale and issuance of the Common Stock shall have been duly obtained and shall be effective on and as of the Closing. No stop order or other order enjoining the sale of the Common Stock shall have been issued and no proceedings for such purpose shall be pending or, to the knowledge of the Company, threatened by the SEC, or any commissioner of corporations or similar officer of any state having jurisdiction over this transaction. At the time of the Closing, the sale and issuance of the Common Stock shall be legally permitted by all laws and regulations to which the Purchaser and the Company are subject.this

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Inhale Therapeutic Systems Inc), Common Stock Purchase Agreement (Inhale Therapeutic Systems Inc)

Qualifications, Legal Investment. All authorizations, approvals, or permits, if any, of any applicable governmental authority or regulatory body of the United States or of any state that are required in connection with the lawful sale and issuance of the Common Stock Shares pursuant to this Agreement shall have been duly obtained and shall be effective on and as of the ClosingClosing Date. No stop order or other order enjoining the sale of the Common Stock Shares shall have been issued and no proceedings for such purpose shall be pending or, to the knowledge of the Company, threatened by the SEC, or any commissioner of corporations or similar officer of any state having jurisdiction over this transaction. At the time of the Closing, the sale and issuance of the Common Stock Shares shall be legally permitted by all laws and regulations to which the each Purchaser and the Company are subject.

Appears in 1 contract

Samples: Common Share Purchase Agreement (Global Markets Access LTD)

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Qualifications, Legal Investment. All authorizations, approvals, or permits, if any, of any applicable governmental authority or regulatory body of the United States or of any state that are required in connection with the lawful sale and issuance of the Common Stock Shares pursuant to this Agreement shall have been duly obtained and shall be effective on and as of the ClosingClosing Date. No stop order or other order enjoining the sale of the Common Stock Shares shall have been issued and no proceedings for such purpose shall be pending or, to the knowledge of the Company, threatened by the SEC, or any commissioner of corporations or similar officer of any state having jurisdiction over this transaction. At the time of the Closing, the sale and issuance of the Common Stock shall be legally permitted by all laws and regulations to which the Purchaser and the Company are subject.

Appears in 1 contract

Samples: Common Share Purchase Agreement (Global Markets Access LTD)

Qualifications, Legal Investment. All authorizations, approvals, or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required in connection with the lawful sale and issuance of the Common Stock shall have been duly obtained and shall be effective on and as of the Closing. No stop order or other order enjoining the sale of the Common Stock shall have been issued and no proceedings for such purpose shall be pending or, to the knowledge of the Company, threatened by the SEC, or any commissioner of corporations or similar officer of any state having jurisdiction over this transaction. At the time of the Closing, the sale and issuance of the Common Stock shall be legally permitted by all laws and regulations to which the Purchaser and the Company are subject.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Nektar Therapeutics)

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