Common use of Registration Under Federal and State Securities Laws Clause in Contracts

Registration Under Federal and State Securities Laws. The Options may not be exercised and the Corporation is not required to deliver the Option Shares deliverable upon any such exercise unless such Option Shares have been registered under Federal and applicable state securities laws, or the delivery of such Option Shares is then exempt from such registration requirements.

Registration Under Federal and State Securities Laws. The Options Option may not be exercised and the Corporation is not required to deliver the Option Shares deliverable upon any such exercise unless such Option Shares have been registered under Federal and applicable state securities laws, or the delivery of such Option Shares is are then exempt from such registration requirements.

Registration Under Federal and State Securities Laws. The These Options may not ---------------------------------------------------- be exercised and the Corporation is not required to deliver the Option Shares deliverable upon any such exercise unless such Option Shares have been registered under Federal and applicable state securities laws, or the delivery of such Option Shares is are then exempt from such registration requirements.