Common use of Restriction on Issuance of Shares Clause in Contracts

Restriction on Issuance of Shares. The Company shall not be obligated to sell or issue any Shares pursuant to this Agreement if such issuance would result in the violation of any laws, including the Securities Act or any applicable state securities laws. The Company agrees to use its reasonable best efforts to qualify for available exemptions under the Securities Act or any applicable state securities laws which will enable it to issue Shares hereunder in compliance with applicable law.

Restriction on Issuance of Shares. The Company shall not be obligated to sell or issue any Shares pursuant to this Agreement if such issuance would result in the violation of any laws, including the Securities Act or any applicable state securities laws. The If at any time the Company agrees to use its reasonable best efforts to qualify for available exemptions shall determine that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law is necessary or desirable as a condition of or in connection with the Securities Act purchase or delivery of the Shares, the delivery of any applicable state securities laws which will enable it to issue or all Shares hereunder in compliance with applicable lawmay be withheld unless and until such listing, registration or qualification shall have been effected.

Restriction on Issuance of Shares. The Company shall will not be obligated to sell or issue any Shares pursuant to this Agreement if such issuance would result in hereunder unless the violation of any laws, including Shares are at the time effectively registered or exempt from registration under the Securities Act or any of 1933, as amended, and applicable state securities laws. The Optionee shall make such investment representations to the Company agrees and shall consent to use its reasonable best efforts the imposition of such legends on the stock certificates as are necessary, in the opinion of the Company's counsel, to qualify for available exemptions under secure to the Securities Act or any Company an appropriate exemption from applicable state securities laws which will enable it to issue Shares hereunder in compliance with applicable lawlaws.

Restriction on Issuance of Shares. The Company Corporation shall not be obligated to sell or issue any Shares pursuant to this Agreement if the Option unless the offering and sale of such issuance would result in the violation of any laws, including Shares have at that time been effectively registered or are exempt from registration under the Securities Act or any of 1933, as amended, and all applicable state securities laws. The Company agrees to use its reasonable best efforts to qualify for available exemptions under the Securities Act or any applicable state securities laws which will enable it to issue Shares hereunder in compliance with applicable law.

Restriction on Issuance of Shares. The Company shall not be obligated to sell or issue any Option Shares pursuant to this Agreement if such issuance would result sale or issuance, in the judgment of the Company and the Company's counsel, might constitute a violation by the Company of any lawsprovision of law, including without limitation the provisions of the Securities Act or any applicable state securities laws. The Company agrees to use its reasonable best efforts to qualify for available exemptions under the Securities Act or any applicable state securities laws which will enable it to issue Shares hereunder in compliance with applicable lawAct.