Common use of Inability to Obtain Authority Clause in Contracts

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 49 contracts

Samples: Stand Alone Stock Option Agreement (Hewlett Packard Co), Nonqualified Stock Option Award Agreement (Purple Beverage Company, Inc.), Stand Alone Stock Option Agreement (3com Corp)

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Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares shares of Stock hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares shares of Stock as to which such requisite authority shall not have been obtained.

Appears in 15 contracts

Samples: Award Agreement (Supermedia Inc.), Award Agreement (Stewart Information Services Corp), Independence Contract (Independence Contract Drilling, Inc.)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 15 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement, The Agreement and Plan of Merger (Angstrom Technologies Corp.)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall will not have been obtained.

Appears in 6 contracts

Samples: Agreement and Plan of Merger and Reorganization (Flexible Solutions International Inc), Investment Agreement (Easterly Acquisition Corp.), Restricted Stock Unit Award Agreement (Telenav, Inc.)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is reasonably deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve suspend the Company of any liability in respect of the failure Company’s obligation to issue or sell such Shares as to which such requisite authority shall not have been obtainedobtained until such time when the issuance or sale can be completed lawfully.

Appears in 6 contracts

Samples: Executive Employment Agreement (Indoor Harvest Corp), Advisor Agreement (Indoor Harvest Corp), Executive Employment Agreement (Indoor Harvest Corp)

Inability to Obtain Authority. The inability of the Company Corporation to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the CompanyCorporation’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall will relieve the Company Corporation of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall will not have been obtained.

Appears in 4 contracts

Samples: Amended And (Akorn Inc), 2007 Stock Option Plan (Simulations Plus Inc), Akorn Inc

Inability to Obtain Authority. The inability of the Company to obtain ----------------------------- authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Class B Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Class B Shares as to which such requisite authority shall not have been obtained.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)

Inability to Obtain Authority. The inability of the Company to ----------------------------- obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 3 contracts

Samples: Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc), Stock Option Agreement (Clinicor Inc)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Class B Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Class B Shares as to which such requisite authority shall not have been obtained.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Biodelivery Sciences International Inc), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)

Inability to Obtain Authority. The inability of the Company to obtain ----------------------------- authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunderunder this Option Agreement, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 2 contracts

Samples: Stock Option Agreement (Pc Tel Inc), Stock Option Agreement (Pc Tel Inc)

Inability to Obtain Authority. The inability of To the extent the Company is unable to or the Administrator deems that it is not feasible to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company shall be relieved of any liability in with respect of to the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 2 contracts

Samples: Volitionrx Limited Employment Agreement (Volitionrx LTD), Heads of Agreement Agreement (Volitionrx LTD)

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Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Common Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Common Shares as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: Cal-Maine Foods Inc

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder (or amounts due or owing hereunder), shall relieve the Company of any liability in respect of the failure to issue or sell such Shares (or pay amounts due or owing with respect hereto) as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: Energy Hunter Resources, Inc.

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. The Company shall use its best efforts to remedy such inability to gain authority as soon as reasonably possible.

Appears in 1 contract

Samples: Keryx Biopharmaceuticals Inc

Inability to Obtain Authority. The inability of the Company Corporation to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s Corporation's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall will relieve the Company Corporation of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall will not have been obtained.

Appears in 1 contract

Samples: Akorn Inc

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares shares of Stock hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares shares of Stock as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: Rosetta Stone Inc

Inability to Obtain Authority. The inability of the Company to obtain ----------------------------- authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: Stock Option Agreement (Efficient Networks Inc)

Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having have jurisdiction, which authority is deemed by the Company’s 's counsel to be necessary to the lawful issuance and sale of any Shares of stock hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares of stock as to which such requisite authority shall not have been obtained.

Appears in 1 contract

Samples: Ballantyne Strong, Inc.

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