Common use of Legal Investment Clause in Contracts

Legal Investment. On the Closing Date, the Purchasers' purchase of the Notes shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 2 contracts

Samples: Note Purchase Agreement (Darling International Inc), Note Purchase Agreement (Darling International Inc)

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Legal Investment. On the Closing Date, the Purchasers' purchase purchases of the Notes shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 2 contracts

Samples: Note Purchase Agreement (Numatics Inc), Note Purchase Agreement (Ace Cash Express Inc/Tx)

Legal Investment. On the Closing Date, the Purchasers' purchase ’ purchases of the Notes Securities shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 2 contracts

Samples: Note and Equity Purchase Agreement (American Capital Strategies LTD), Note and Equity Purchase Agreement (Middleby Corp)

Legal Investment. On the Closing Date, the Purchasers' Purchaser's purchase of the Notes and the Purchased Securities shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority governmental authority (including, without limitation, Regulations G, T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authoritygovernmental authority, subsequent to the date of this Agreement.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Aasche Transportation Services Inc)

Legal Investment. On the Closing Date, the Purchasers' purchase purchases of the Notes shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve SystemBoard) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority. Any condition specified in this Section 4.1 may be waived by Purchasers; provided , subsequent to the date of this Agreementhowever , that no such waiver will be effective against any Purchaser unless it is set forth in writing, executed by such Purchaser.

Appears in 1 contract

Samples: Note Purchase Agreement (Nautilus, Inc.)

Legal Investment. On At the Closing Datetime of the Closing, the Purchasers' your purchase of the Notes Note (a) shall not be prohibited by any applicable law, rule law or governmental regulation of any Governmental Authority (including, without limitation, Regulations Regulation G, T, U or X of the Board of Governors of the Federal Reserve System), and (b) as a result shall not subject you to any penalty or, in your reasonable judgment, other onerous condition by reason of the promulgation any change or enactment thereof or any changes therein, or proposed change in the interpretation thereof by any Governmental Authority, subsequent to after the date of this AgreementAgreement in any applicable law or governmental regulation.

Appears in 1 contract

Samples: Security Agreement (Gti Corp)

Legal Investment. On the Closing Date, the Purchasers' purchase ’ purchases of the Notes shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve SystemBoard) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority. Any condition specified in this Section 4.1 may be waived by Purchasers; provided, subsequent to the date of this however, that no such waiver will be effective against any Purchaser unless it is set forth in writing, executed by such Purchaser. Note Purchase Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Sherborne Investors GP, LLC)

Legal Investment. On the Closing Date, the Purchasers' Purchaser's purchase of the Notes Securities shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Igi Inc)

Legal Investment. On the Closing Date, the Purchasers' purchase of the Notes Securities shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 1 contract

Samples: Senior Note Purchase Agreement (Firstcity Financial Corp)

Legal Investment. On the Closing Date, the Purchasers' purchase purchases of the Senior Term Notes shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Rocky Shoes & Boots Inc)

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Legal Investment. On the Closing Date, the Purchasers' purchase purchases of the Subordinated Notes shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Directed Electronics, Inc.)

Legal Investment. On the Closing Date, the Purchasers' purchase issuance of the Notes to the Purchaser shall not be prohibited by any applicable law, rule or regulation Law of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Encore Medical Corp)

Legal Investment. On the Closing Date, the Purchasers' purchase ’ purchases of the Notes shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Mirion Technologies, Inc.)

Legal Investment. On the Closing Date, the Purchasers' purchase ’ purchases of the Senior Term Notes shall not be prohibited by any applicable law, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Rocky Brands, Inc.)

Legal Investment. On the Closing Date, the Purchasers' purchase purchases of the Notes shall not be prohibited by any applicable lawLaw, rule or regulation of any Governmental Authority (including, without limitation, Regulations T, U or X of the Board of Governors of the Federal Reserve System) as a result of the promulgation or enactment thereof or any changes therein, or change in the interpretation thereof by any Governmental Authority, subsequent to the date of this Agreement.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Rand Logistics, Inc.)

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