Issuance Permitted by Applicable Laws. The issuance of the Note and the consummation of the transactions contemplated hereby and thereby by the Company (a) shall not be prohibited by any applicable law or governmental regulation and (b) shall not subject the Company to any penalty or, in its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulation.
Appears in 2 contracts
Sources: Standby Credit Facility Agreement (Z Tel Technologies Inc), Standby Credit Facility Agreement (Z Tel Technologies Inc)
Issuance Permitted by Applicable Laws. The issuance of the Note Notes to be issued by the Company hereunder and the consummation of the transactions contemplated hereby and thereby by the Company (a) shall not be prohibited by any applicable law or governmental regulation and regulation, (b) shall not subject the Company to any penalty or, in its reasonable judgment, other onerous condition under or pursuant to any applicable law or governmental regulationregulation and (c) shall be permitted by the laws and regulations of the jurisdictions in which is it subject.
Appears in 1 contract
Sources: Note Purchase Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)