Example ContractsClausesLegality
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Legality. The execution, delivery and performance by the [[Organization A:Organization]] of this Agreement and all related documents, including the Transaction Documents, # are in furtherance of the [[Organization A:Organization]]’s purposes and within its power and authority; # do not # violate any statute, regulation or other law or any judgment, order or award of any court, agency or other governmental authority or of any arbitrator with respect to the [[Organization A:Organization]] or any Subsidiary or # violate the [[Organization A:Organization]]’s or any Subsidiary’s Governing Documents (if either is not an individual), constitute a default under any agreement binding on the [[Organization A:Organization]] or any Subsidiary or result in a lien or encumbrance on any assets of the [[Organization A:Organization]] or any Subsidiary; and # if the [[Organization A:Organization]] or any Subsidiary is not an individual, have been duly authorized by all necessary organizational actions.

Legality. The making of such Loan shall not contravene any law, rule or regulation applicable to any Secured Party.

Legality. The execution, issuance, delivery to the and performance by Borrower of this Note # are in furtherance of Borrower’s purposes and within its power and authority; # do not # violate any statute, regulation or other law or any judgment, order or award of any court, agency or other governmental authority or of any arbitrator or # violate Borrower’s certificate of incorporation or other governing instrument, constitute a default under any agreement binding on Borrower, or result in a lien or encumbrance on any assets of Borrower; and # have been duly authorized by all necessary corporate or partnership action.

Legality of Issuance. No Share shall be issued upon the exercise of any Option unless and until the Board has determined that:

Legality of Issuance. The issuance of any Shares pursuant to Grants under the Plan and the issuance of any Grant shall be contingent upon the following:

Legality of Issuance of Shares. No Option shall be exercisable, no Common Stock shall be issued, no certificates for shares of Common Stock shall be delivered, and no payment shall be made under the Plan except in compliance with all applicable federal and state laws and regulations (including, without limitation, withholding tax requirements), any listing agreement to which the Company is a party, and the rules of all domestic stock exchanges or quotation systems on which the Company’s shares may be listed. The Company shall have the right to rely on an opinion of its counsel as to such compliance. Any share certificate issued pursuant to a Stock Award or the exercise of an Option may bear such legends and statements as the Committee may deem advisable to assure compliance with federal and state laws and regulations. No Option shall be exercisable, no Common Stock shall be issued, no certificate for shares shall be delivered, and no payment shall be made under the Plan until the Company has obtained such consent or approval as the Committee may deem advisable from regulatory bodies having jurisdiction over such matters. The Company may, but shall in no event be obligated to, register any securities covered by this Plan pursuant to the Securities Act of 1933, as amended.

Section # Increased Costs; Change in Legality

Severability. The invalidity or unenforceability of any provisions of this Award Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Award Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Award Agreement in any other

Any determination that any provision of this Amendment or any application thereof is invalid, illegal, or unenforceable in any respect in any instance shall not affect the validity, legality, or enforceability of such provision in any other instance, or the validity, legality, or enforceability of any other provision of this Amendment.

The validity or legality of the election of Krutick and Ostheimer as NAI directors and Managers of NAIEH and NAIAH; # That SMR, SER, Ostheimer, Krutick, Andelman, Tyler or their respective successors are the lawful and valid directors of NAI and the lawful and valid Managers of NAIEH and NAIAH; # The validity or legality of the removal and/or resignation of Dauman and Abrams as Trustees of the Trust;

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