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 Shares pursuant to this Agreement shall have been duly obtained and shall be effective on and as of the Closing Date. At the time of the Closing, the sale and issuance of the Shares shall be legally permitted by all laws and regulations to which each Purchaser and the Company are subject.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Global Telecommunication Solutions Inc), Preferred Stock Purchase Agreement (Accent Color Sciences 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 Shares pursuant to this Agreement shall have been duly obtained and shall be effective on and as of the Closing Date. At the time of the Closing, the sale and issuance of the Shares shall be legally permitted by all laws and regulations to which each the Purchaser and the Company are subject.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Global Telecommunication Solutions Inc), Preferred Stock Purchase Agreement (Accent Color Sciences Inc)

Qualifications, Legal Investment. All authorizations, approvals, approvals or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required to be obtained prior to or at Closing in connection with the lawful sale and issuance of the Shares pursuant to this Agreement shall have been duly obtained and shall be effective on and as of the Closing DateClosing. At the time of the Closing, the sale and issuance of the Shares shall be legally permitted by all laws and regulations to which each Purchaser Buyer and the Company are subject.

Appears in 1 contract

Samples: Stock Purchase Agreement (Regeneron Pharmaceuticals Inc)

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 Subsequent Shares pursuant to this Agreement shall have been duly obtained and shall be effective on and as of the Closing Date. At the time of the Subsequent Closing, the sale and issuance of the Shares shall be legally permitted by all laws and regulations to which each Purchaser and the Company are subject.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Sound Source Interactive Inc /De/)

Qualifications, Legal Investment. All authorizations, approvals, 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 Shares pursuant to this Agreement Agreement, shall have been duly obtained and shall be effective on and as of the Closing DateClosing. At the time of the Closing, the sale and issuance of the Shares and the proposed issuance of the Conversion Stock shall be legally permitted by all laws and regulations to which each Purchaser the Purchasers and the Company are subject.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Rightnow Technologies 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 Initial Shares pursuant to this Agreement shall have been duly obtained and shall be effective on and as of the Closing Date. At the time of the Initial Closing, the sale and issuance of the Shares shall be legally permitted by all laws and regulations to which each Purchaser and the Company are subject.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Sound Source Interactive 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 Shares pursuant to this Agreement shall have been duly obtained and shall be effective on and as of the Closing DateClosing. At the time of the Closing, the sale and issuance of the Shares shall be legally permitted by all laws and regulations to which each Purchaser and the Company are subject.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Billserv Com Inc)

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