Common use of Purchase Permitted by Applicable Laws; Legal Investment Clause in Contracts

Purchase Permitted by Applicable Laws; Legal Investment. The acquisition by such Purchaser of and payment for the Securities to be purchased by such Purchaser and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements (i) shall not be prohibited by any applicable law or governmental regulation, (ii) shall not subject such Purchaser to any penalty or, in its reasonable judgment, other onerous conditions under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which such Purchaser is subject;

Appears in 2 contracts

Samples: Securities Purchase Agreement (Electric City Corp), Securities Purchase Agreement (Electric City Corp)

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Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition by such Purchaser of and payment for the Securities First Preferred Shares to be purchased acquired by such Purchaser hereunder and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements hereby with respect to such Purchaser (ia) shall not be prohibited by any applicable law or governmental regulation, (iib) shall not subject such Purchaser to any penalty or, in its reasonable judgment, other onerous conditions condition under or pursuant to any applicable law or governmental regulation and (iiic) shall be permitted by the laws and regulations of the jurisdictions to which such Purchaser it is subject;.

Appears in 1 contract

Samples: Stock Purchase Agreement (National Equipment Services Inc)

Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition by such Purchaser of and payment for the Securities Second Preferred Shares to be purchased acquired by such Purchaser hereunder and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements hereby with respect to such Purchaser (ia) shall not be prohibited by any applicable law or governmental regulation, (iib) shall not subject such Purchaser to any penalty or, in its reasonable judgment, other onerous conditions condition under or pursuant to any applicable law or governmental regulation and (iiic) shall be permitted by the laws and regulations of the jurisdictions to which such Purchaser it is subject;.

Appears in 1 contract

Samples: Stock Purchase Agreement (National Equipment Services Inc)

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Purchase Permitted by Applicable Laws; Legal Investment. The ------------------------------------------------------- acquisition by such Purchaser of and payment for the Securities to be purchased by such Purchaser Common Shares and the consummation of the transactions contemplated by this Agreement and the Ancillary Agreements hereby (i) shall not be prohibited by any applicable law or governmental regulation, (ii) shall not subject such Purchaser the Purchasers to any penalty or, in its reasonable judgment, other onerous conditions condition under or pursuant to any applicable law or governmental regulation and (iii) shall be permitted by the laws and regulations of the jurisdictions to which such Purchaser it is subject;.

Appears in 1 contract

Samples: Wiltek Inc

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