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. EXHIBIT A EXERCISE NOTICE CATALYST BIOSCIENCES, INC. 000 Xxxxxxxxxxx Xxxxxx South San Francisco, CA 94080 Attention:

Appears in 5 contracts

Samples: Option Agreement (Catalyst Biosciences, Inc.), Option Agreement (Catalyst Biosciences, Inc.), Option Agreement (Targacept Inc)

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