Security Laws Sample Clauses
A Security Laws clause establishes that the parties must comply with all applicable laws and regulations related to security, such as data protection, cybersecurity, and physical security requirements. In practice, this means that each party is responsible for ensuring their operations, systems, and processes adhere to relevant legal standards, which may include implementing safeguards for sensitive information or following specific industry protocols. The core function of this clause is to allocate responsibility and reduce legal risk by ensuring that all parties are aware of and adhere to the necessary security-related legal obligations.
Security Laws. Buyer is acquiring the Conveyed Properties for its own account and not with the intent to make a distribution within the meaning of the Securities Act of 1933 (as amended, and together the rules and regulations pertaining thereto, the “Securities Act”) or a distribution thereof in violation of any other applicable securities Laws.
Security Laws. The obligations hereunder are subject to the granting of appropriate permits, consents and/or orders of the Commissioner of Corporations of California, if any such permits, consents or orders are then required. All parties hereto and their heirs, personal representatives and assigns shall cooperate in the execution of all documents necessary, and the taking of any corporate actions necessary to obtain any such permit, consent and/or order. . The Transferor, Terminated or Disabled Shareholder, as the case may be, agrees not to directly or indirectly divulge, communicate, use to the detriment of Corporation or for the benefit of any other person or persons, or misuse in any way, any confidential information or trade secrets of the Corporation, including personal information, forms, know how, customer lists or other technical data. The Shareholders acknowledge that the remedy at law may be inadequate to remedy a breach or intended breach of this Section and, therefore, consent to temporary or permanent injunctive relief to prevent such breach. . As used in this Agreement, the masculine, feminine or neuter gender, and the singular or plural number, shall be deemed to include the others whenever the context so requires. Executed this ____ day of _____________, at ______________, ___________ County, California. CORPORATION: By: Its: SHAREHOLDERS:
Security Laws. The obligations hereunder are subject to the granting of appropriate permits, consents and/or orders of the Commissioner of Corporations of California, if any such permits, consents or orders are then required. All parties hereto and their heirs, personal representatives and assigns shall cooperate in the execution of all documents necessary, and the taking of any corporate actions necessary to obtain any such permit, consent and/or order.
Security Laws. EPC is acquiring the NPR Properties for its own account and not with the intent to make a distribution within the meaning of the Securities Act of 1933 (and the rules and regulations pertaining thereto) or a distribution thereof in violation of any other applicable securities Laws.
Security Laws. (a) Prior to the Closing, the Company shall not take any action that would cause the number of Company Stockholders who are not "accredited investors" pursuant to Regulation D promulgated under the Securities Act to increase to more than 35 during the term of this Agreement or that would cause any Person who does not meet the standards of Regulation D required for "purchasers" under Regulation D to become a stockholder.
(b) The Buyer shall take such steps as may be necessary to comply with the securities and blue sky laws of all jurisdictions which are applicable to the issuance of the Buyer Stock in connection with the transaction contemplated herein. The Company shall use its best efforts, to the extent commercially reasonable, to assist the Buyer as may be necessary to comply with such securities and blue sky laws.
Security Laws. Each party represents and warrants that it will to the best of its knowledge comply with all applicable securities and other laws, rules and regulations relating hereto.
Security Laws. The Option shall not be exercisable if and to the extent the Company determines that such exercise would violate applicable state or Federal securities laws or the rules and regulations of any securities exchange or market on which the Stock is traded. If the Company makes such a determination, it shall use all reasonable efforts to obtain compliance with such laws, rules and regulations. In making any determination hereunder, the Company may rely on the opinion of counsel for the Company. If, by reason of the foregoing restrictions, the Option is not exercisable, the Company shall settle the Award by a payment of cash equal to the product of the applicable number of Covered Shares multiplied by the excess of the market value per share of the Stock over the Exercise Price.
Security Laws. Nothing in this Plan or in any Award or Award Agreement shall require the Company to issue any Shares with respect to any Award if, in the opinion of counsel for the Company, that issuance could constitute a violation of the Securities Act, any other law or the rules of any applicable securities exchange or securities association then in effect. As a condition to the grant or exercise of an Award, the Company may require the Participant (or, in the event of the Participant's death, the Participant's legal representatives, heirs, legatees or distributees) to provide written representations concerning the Participant's (or such other person's) intentions with regard to the retention or disposition of the Shares covered by the Award and written covenants as to the manner of disposal of such Shares as may be necessary or useful to ensure that the grant, exercise or disposition will not violate the Securities Act, and other law or any rule of any applicable securities exchange or securities association then in effect. The Company shall not be required to register any Shares under the Securities Act or register or qualify any Shares under any state or other securities laws.
Security Laws. Grantee agrees to comply with all applicable securities laws upon sales or disposition of shares acquired hereunder.