Common use of Purchase Permitted By Applicable Law, Etc Clause in Contracts

Purchase Permitted By Applicable Law, Etc. On the Closing Date (a) each Purchaser’s purchase of Notes shall (i) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, and (ii) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System), and (b) no litigation shall be pending or threatened, which does or, with respect to any threatened litigation, seeks to, enjoin, prohibit or restrain, the purchase or repayment of any Notes or the consummation of the transactions contemplated by this Agreement or any other Note Document. If requested by such Purchaser, such Purchaser shall have received a certificate of a Responsible Officer certifying as to such matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so permitted.

Appears in 2 contracts

Samples: Note Purchase Agreement (Glori Energy Inc.), Note Purchase Agreement (Glori Energy Inc.)

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Purchase Permitted By Applicable Law, Etc. On the date of the Closing Date (a) each Purchaser’s the purchase of Notes by each Purchaser shall (i) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as section Section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, and (ii) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System), ) and (biii) no litigation shall be pending not subject such Purchaser to any tax, penalty or threatenedliability under or pursuant to any applicable law or regulation, which does or, with respect to law or regulation was not in effect on the date hereof (excluding any threatened litigation, seeks to, enjoin, prohibit or restrain, the purchase or repayment of any Notes or the consummation of the transactions contemplated by this Agreement or any other Note Documentforegoing which are of general application to the business of a Purchaser). If requested by such any Purchaser, such Purchaser shall have received a certificate of a Responsible Officer an Officer's Certificate certifying as to such matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so permitted.

Appears in 1 contract

Samples: Delmarva Power & Light Co /De/

Purchase Permitted By Applicable Law, Etc. On the date of the Closing Date (a) each such Purchaser’s purchase of Notes and all other proceedings taken in connection with the transactions contemplated by this Agreement and the other Financing Documents shall (i) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, and (ii) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System), ) and (biii) no litigation shall be pending not subject such Purchaser to any tax, penalty or threatenedliability under or pursuant to any applicable law or regulation, which does or, with respect to any threatened litigation, seeks to, enjoin, prohibit law or restrain, regulation was not in effect on the purchase or repayment of any Notes or the consummation of the transactions contemplated by this Agreement or any other Note Documentdate hereof. If requested by such Purchaser, such Purchaser shall have received a certificate of a Responsible Officer an Officer’s Certificate from the Company certifying as to such matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so permitted.

Appears in 1 contract

Samples: Firstservice Corporation (Firstservice Corp)

Purchase Permitted By Applicable Law, Etc. On the date of the Closing Date (a) each Purchaser’s the purchase of Notes Bonds by each Purchaser shall (i) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as section Section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, and (ii) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System), ) and (biii) no litigation shall be pending not subject such Purchaser to any tax, penalty or threatenedliability under or pursuant to any applicable law or regulation, which does or, with respect to law or regulation was not in effect on the date hereof (excluding any threatened litigation, seeks to, enjoin, prohibit or restrain, the purchase or repayment of any Notes or the consummation of the transactions contemplated by this Agreement or any other Note Documentforegoing which are of general application to the business of a Purchaser). If requested by such any Purchaser, such Purchaser shall have received a certificate of a Responsible Officer an Officer’s Certificate certifying as to such matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so permitted.

Appears in 1 contract

Samples: Purchase Agreement (Atlantic City Electric Co)

Purchase Permitted By Applicable Law, Etc. On the Closing Date Date, each Purchaser's purchase of and payment for the Tranche B Senior Secured Notes to be purchased thereby at the Closing (a) each Purchaser’s purchase of Notes shall (i) be permitted by the laws and regulations Law of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, and (iib) shall not violate any applicable law or regulation Law (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System), ) and (bc) no litigation shall be pending not subject such Purchaser to any tax, penalty or threatenedliability under or pursuant to any applicable Law, which does or, with respect to any threatened litigation, seeks to, enjoin, prohibit or restrain, Law was not in effect on the purchase or repayment of any Notes or the consummation of the transactions contemplated by this Agreement or any other Note Documentdate hereof. If requested by such any Purchaser, such each Purchaser shall have received a certificate of a Responsible Officer an Officer's Certificate certifying as to such matters of fact as such requesting Purchaser may reasonably specify to enable such requesting Purchaser to determine whether such purchase is and payment are so permitted.

Appears in 1 contract

Samples: Note Purchase Agreement (Telex Communications Inc)

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Purchase Permitted By Applicable Law, Etc. On the Closing Date Date, (a) each the Purchaser’s purchase of the Notes to be purchased by the Purchaser at the Closing shall (i) be permitted by the laws and regulations of each jurisdiction to which such the Purchaser is subject, without recourse to provisions (such as section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, and (ii) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System)) and (iii) not subject the Purchaser to any tax, penalty or liability under or pursuant to any applicable law or regulation, and (b) no litigation shall be pending or threatened, which does or, with respect to any threatened litigation, seeks to, enjoin, prohibit or restrain, the purchase or repayment of any Notes or the consummation of the transactions contemplated by this Agreement or any other Note Document. If requested by such the Purchaser, such the Purchaser shall have received a certificate of a Responsible Officer an officer of the Company certifying as to such matters of fact as such the Purchaser may reasonably specify to enable such the Purchaser to determine whether the Purchaser’s receipt of such purchase Notes is so permitted.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Las Vegas Sands Corp)

Purchase Permitted By Applicable Law, Etc. On the date of such Closing Date (a) each Purchaser’s the purchase of Notes by each Purchaser shall (i) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as section Section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, and (ii) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System), ) and (biii) no litigation shall be pending not subject such Purchaser to any tax, penalty or threatenedliability under or pursuant to any applicable law or regulation, which does or, with respect to law or regulation was not in effect on the date hereof (excluding any threatened litigation, seeks to, enjoin, prohibit or restrain, the purchase or repayment of any Notes or the consummation of the transactions contemplated by this Agreement or any other Note Documentforegoing which are of general application to the business of a Purchaser). If requested by such any Purchaser, such Purchaser shall have received a certificate of a Responsible Officer an Officer's Certificate certifying as to such matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so permitted.

Appears in 1 contract

Samples: Pepco Holdings Inc

Purchase Permitted By Applicable Law, Etc. On the date of the Closing Date (a) each such Purchaser’s purchase of Notes and all other proceedings taken in connection with the transactions contemplated by this Agreement and the other Financing Documents shall (i) be permitted by the laws and regulations of each jurisdiction to which such Purchaser is subject, without recourse to provisions (such as section Section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the particular investment, and (ii) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System), ) and (biii) no litigation shall be pending not subject such Purchaser to any tax, penalty or threatenedliability under or pursuant to any applicable law or regulation, which does or, with respect to any threatened litigation, seeks to, enjoin, prohibit law or restrain, regulation was not in effect on the purchase or repayment of any Notes or the consummation of the transactions contemplated by this Agreement or any other Note Documentdate hereof. If requested by such Purchaser, such Purchaser shall have received a certificate of a Responsible Officer an Officer’s Certificate from the Company certifying as to such matters of fact as such Purchaser may reasonably specify to enable such Purchaser to determine whether such purchase is so permitted.

Appears in 1 contract

Samples: Firstservice Corporation (Firstservice Corp)

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