Common use of Sale and Purchase Not Forbidden by Law Clause in Contracts

Sale and Purchase Not Forbidden by Law. The offer, issue, sale and delivery by the Company of the Securities to be issued pursuant hereto and your acceptance of such Securities at the Closing shall not be prohibited by and shall not subject you to any tax, penalty or liability under or pursuant to any law, statute, rule or regulation.

Appears in 5 contracts

Samples: Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp)

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Sale and Purchase Not Forbidden by Law. The offer, issue, sale and delivery by the Company Companies of the Securities to be issued pursuant hereto and your acceptance purchase of such Securities at the Closing shall not be prohibited by and shall not subject you to any tax, penalty penalty, liability or liability other onerous condition under or pursuant to any law, statute, rule or regulation.

Appears in 1 contract

Samples: Securities Purchase Agreement (Swing N Slide Corp)

Sale and Purchase Not Forbidden by Law. The offer, issue, exchange, -------------------------------------- sale and delivery by the Company Issuers of the Securities to be issued pursuant hereto and your acceptance exchange and purchase of such Securities at the Closing shall not be prohibited by and shall not subject you to any tax, penalty penalty, liability or liability other onerous condition under or pursuant to any law, statute, rule or regulation.

Appears in 1 contract

Samples: Securities Purchase Agreement (Averstar Inc)

Sale and Purchase Not Forbidden by Law. The offer, issue, sale and delivery by the Company of the New Securities to be issued pursuant hereto and your acceptance of such Securities at the Closing shall not be prohibited by by, and shall not subject you the Purchasers to any tax, penalty penalty, liability or liability other onerous condition under or pursuant to to, any law, statute, rule or regulation.

Appears in 1 contract

Samples: Securities Purchase Agreement (Booth Creek Ski Holdings Inc)

Sale and Purchase Not Forbidden by Law. The offer, issue, sale and delivery by the Parent and the Company of the Securities to be issued pursuant hereto and your acceptance each Purchaser's purchase of such Securities at the Closing shall not be prohibited by and shall not subject you such Purchaser to any tax, penalty penalty, liability or liability other onerous condition under or pursuant to any law, statute, rule or regulation.

Appears in 1 contract

Samples: Subordination Agreement (Dwyer Group Inc)

Sale and Purchase Not Forbidden by Law. The offer, issue, sale and delivery by the Company of the Securities to be issued pursuant hereto and your acceptance of such Securities at the Closing shall not be prohibited by and shall not subject you to any tax, penalty penalty, or liability under or pursuant to any law, statute, rule or regulation.

Appears in 1 contract

Samples: Seller Note Securities Purchase Agreement (Alion Science & Technology Corp)

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Sale and Purchase Not Forbidden by Law. The offer, issue, sale and delivery by the Company Issuers of the Securities to be issued pursuant hereto and your acceptance purchase of such Securities at the Closing shall not be prohibited by and shall not subject you to any tax, penalty penalty, liability or liability other onerous condition under or pursuant to any law, statute, rule or regulationregulation then in effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tridex Corp)

Sale and Purchase Not Forbidden by Law. The offer, issue, sale and delivery by the Company of the Securities to be issued pursuant hereto and your acceptance each Purchaser's purchase of such Securities securities at the Closing shall not be prohibited by and shall not subject you any Purchaser to any taxtax (other than income taxes of the Purchasers resulting from income earned on the Securities), penalty penalty, liability or liability other onerous condition under or pursuant to any law, statute, rule or regulation.

Appears in 1 contract

Samples: Securities Purchase Agreement (Integrity Media Inc)

Sale and Purchase Not Forbidden by Law. The offer, issue, sale and -------------------------------------- delivery by the Company Companies of the Securities to be issued pursuant hereto and your acceptance purchase of such Securities at the Closing shall not be prohibited by and shall not subject you to any tax, penalty penalty, liability or liability other encumbrance under or pursuant to any law, statute, rule or regulationregulation (other than those of general applicability under applicable securities laws).

Appears in 1 contract

Samples: Securities Purchase Agreement (Unidigital Inc)

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