Valid Exemption Clause Samples

Valid Exemption. The Seller acquired the Notes it is selling hereunder in a transaction that was exempt from registration under the Securities Act and neither the Seller nor any of its Affiliates has taken any action with respect to the Notes, including, without limitation, engaging in any form of "general solicitation", as that term is defined in Rule 501 of Regulation D promulgated under the Securities Act, that would result in the Purchaser not being able to purchase the Notes hereunder in reliance on an exemption from registration under the Securities Act.

Valid Exemption. The shares of Parent Common Stock issuable in accordance with this Agreement will be issued in a transaction exempt from registration under the Securities Act by reason of Section 4(2) promulgated thereunder and may not be re-offered or resold other than in conformity with the registration requirements of the Securities Act and such other applicable rules and regulations or pursuant to an exemption therefrom.

Valid Exemption. 31 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE BUYER Section 4.1 Organization...................................................................................31 Section 4.2 Authority; No Violation; Consents..............................................................31 Section 4.3 Legal Proceedings..............................................................................32 Section 4.4 No Ineligible Persons..........................................................................32 Section 4.5 Certain Regulatory Filings.....................................................................32 Section 4.6 No Brokers.....................................................................................33 Section 4.7 No Unfair Burden...............................................................................33 Section 4.8 Absence of Changes.............................................................................33 Section 4.9 Financing......................................................................................33 Section 4.10 Share Ownership................................................................................33 ARTICLE V COVENANTS Section 5.1 Conduct of Business............................................................................34 Section 5.2 Preparation Of Proxy Statement; Waivers; Pre-Closing Transactions..............................36 Section 5.3 Stockholders' Meeting; Board Recommendation....................................................37 Section 5.4 Approval Of New Fund Contracts and Directors...................................................37 Section 5.5 Governmental Consents and Filings..............................................................38 Section 5.6 Additional Agreements..........................................................................39 Section 5.7 Acquisition Proposals..........................................................................39 Section 5.8 Fair Price Structure...........................................................................40 Section 5.9 Expenses.......................................................................................40 Section 5.10 Access; Certain Communications.................................................................41 Section 5.11 Notification of Certain Matters................................................................41 Section 5.12 Safe Harbor....................................................................................4...

Valid Exemption. The delivery and issuance of the Shares and the Warrants in accordance with the terms of and in reliance on the accuracy of the Note Holder’s representations and warranties set forth in this Agreement will be exempt from the registration requirements of the Securities Act.

Valid Exemption. In the event that the Waivers are not received by MIMI and the MIMI Stockholder Approval does not include meeting the applicable requirements of OSC Rule 61-501 and QSC Policy Q-27, then the transactions contemplated by the Pre-Closing Transactions and this Agreement may be completed without meeting the applicable requirements of OSC Rule 61-501 and QSC Policy Q-27 and without receipt of any exemptive relief from such requirements.