Common use of Certain Legal Requirements Clause in Contracts

Certain Legal Requirements. If the participation in any Issuance of Subject Securities by an Investor as a Participating Buyer or Participating Warrant Buyer would require under applicable law (a) the registration or qualification of such securities or (b) the provision to any participant in the Issuance of any information (other than information required to be provided pursuant to Section 5) regarding the Company or any of its Subsidiaries or such securities that is not otherwise required to be provided for the Issuance, such Investor shall not have the right to participate in the Issuance. Without limiting the generality of the foregoing, it is understood and agreed that neither the Company nor the Issuer shall be under any obligation to effect a registration of such securities under the Securities Act or similar state statutes.

Appears in 4 contracts

Samples: Stockholders Agreement (Stream Global Services, Inc.), Stockholders Agreement (Ares Corporate Opportunities Fund II, L.P.), Stockholders Agreement (Ares Corporate Opportunities Fund II, L.P.)

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Certain Legal Requirements. If the participation in any Issuance of Subject Securities by an Investor a Participating Offeree as a Participating Buyer or Participating Warrant Buyer would require under applicable law (a) the registration or qualification of such securities or (b) the provision to any participant in the Issuance of any information (other than information required to be provided pursuant to Section 5) regarding the Company or any of its Subsidiaries subsidiaries or such securities that is not otherwise required to be provided for the Issuance, such Investor Participation Offeree shall not have the right to participate in the Issuance. Without limiting the generality of the foregoing, it is understood and agreed that neither the Company nor the Issuer shall be under any obligation to effect a registration of such securities under the Securities Act or similar state statutes.

Appears in 2 contracts

Samples: Stockholders Agreement (C C Media Holdings Inc), Stockholders Agreement (Clear Channel Communications Inc)

Certain Legal Requirements. If In the event that the participation in any Issuance by a holder of Subject Securities by an Investor Shares as a Participating Buyer or Participating Warrant Buyer would require under applicable law (a) the registration or qualification of such securities or (b) the provision to any participant in the Issuance of any information (other than information required to be provided pursuant to Section 5) regarding the Company or any of Company, its Subsidiaries or subsidiaries, such securities or the Issuer that is not otherwise required to be provided for the Issuance, such Investor holder of Shares shall not have the right to participate in the Issuance. Without limiting the generality of the foregoing, it is understood and agreed that neither the Company nor the Issuer shall be under any obligation to effect a registration of such securities under the Securities Act or similar state statutes.

Appears in 2 contracts

Samples: Stockholders Agreement (Michaels Stores Inc), Stockholders Agreement (Michaels Stores Inc)

Certain Legal Requirements. If In the event that the participation in any the Issuance by a holder of Subject Securities by an Investor Shares as a Participating Buyer or Participating Warrant Buyer would require under applicable law (a) the registration or qualification of such securities or of any person as a broker or dealer or agent with respect to such securities or (b) the provision to any participant in the Issuance holder of Shares of any information (other than information required to be provided pursuant to Section 5) regarding the Company or any of its Subsidiaries or Company, such securities that is not otherwise required to be provided for or the Issuanceissuer thereof, such Investor holder of Shares shall not have the right to participate in the Issuance. Without limiting the generality of the foregoing, it is understood and agreed that neither the Company nor the Issuer shall be under any obligation to effect a registration of any such securities to be issued under this Section 5 under the Securities Act or similar state statutes.

Appears in 1 contract

Samples: Stockholders Agreement (Music123, Inc.)

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Certain Legal Requirements. If In the event that the participation in any the Issuance of Subject Securities by an Investor a Participation Offeree as a Participating Buyer or Participating Warrant Buyer would require under applicable law (ai) the registration or qualification of such securities or of any person as a broker or dealer or agent with respect to such securities or (bii) the provision to any participant in the Issuance Sale of any information (other than information regarding the Company or the securities that would not be required to be provided pursuant to Section 5) regarding Xxxx or either of the Company or any Xxxxxxxx Investors, then such holder of its Subsidiaries or such securities that is not otherwise required to be provided for the Issuance, such Investor Shares shall not have the right to participate in the Issuance. Without limiting the generality of the foregoing, it is understood and agreed that neither the Company nor the Issuer shall not be under any obligation to effect a registration of such securities under the Securities Act or similar state statutes.

Appears in 1 contract

Samples: Stockholders Agreement (Eschelon Telecom Inc)

Certain Legal Requirements. If the participation in any Issuance by a holder of Subject Securities by an Investor Shares as a Participating Buyer or Participating Warrant Buyer would require under applicable law (a) the registration or qualification of such securities securities, or of any Person as a broker or dealer or agent with respect to such securities, or (b) the provision to any participant in the Issuance of any information (other than information required to be provided pursuant to Section 5) regarding the Company or any of Company, its Subsidiaries or subsidiaries, such securities or the Issuer that is not otherwise required to be provided for the Issuance, such Investor holder of Shares shall not have the no right to participate in the that Issuance. Without limiting the generality of the foregoing, it is understood and agreed that neither the Company nor the Issuer shall be under any obligation to effect a registration of such securities under the Securities Act or similar state statutes.

Appears in 1 contract

Samples: Stockholder Agreement (West Corp)

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