Common use of Purchase Permitted by Applicable Laws Clause in Contracts

Purchase Permitted by Applicable Laws. The purchase of and payment for the Notes to be purchased by each Purchaser on the terms and conditions herein provided (including the use of the proceeds of such Notes by the Company) shall not violate any applicable law or governmental regulation (including, without limitation, Section 5 of the Securities Act or Regulation T, U or X of the Board of Governors of the Federal Reserve System) and shall not subject such Purchaser to any tax, penalty, liability or other onerous condition under or pursuant to any applicable law or governmental regulation, and such Purchaser shall have received such certificates or other evidence as it may request to establish compliance with this condition. This paragraph 3C is a closing condition and shall not be construed as a tax indemnity.

Appears in 2 contracts

Sources: Note Purchase Agreement (Matson, Inc.), Note Purchase Agreement (Matson, Inc.)

Purchase Permitted by Applicable Laws. The purchase of and payment for the applicable Series of Notes to be purchased by each Purchaser thereof on the terms and conditions herein provided (including the use of the proceeds of such Series of Notes by the Company) shall not violate any applicable law or governmental regulation (including, without limitation, Section 5 of the Securities Act or Regulation T, U or X of the Board of Governors of the Federal Reserve System) and shall not subject such Purchaser to any tax, penalty, liability or other onerous condition under or pursuant to any applicable law or governmental regulation, and such Purchaser shall have received such certificates or other evidence as it may request to establish compliance with this condition. This paragraph 3C 3B(3) is a closing condition and shall not be construed as a tax indemnity.

Appears in 2 contracts

Sources: Fourth Amendment to Third Amended and Restated Note Purchase and Private Shelf Agreement (Matson, Inc.), Third Amended and Restated Note Purchase and Private Shelf Agreement (Matson, Inc.)

Purchase Permitted by Applicable Laws. The purchase of and payment for the Series C Notes to be purchased by each Series C Note Purchaser on the terms and conditions herein provided (including the use of the proceeds of such Series C Notes by the Company) shall not violate any applicable law or governmental regulation (including, without limitation, Section 5 of the Securities Act or Regulation T, U or X of the Board of Governors of the Federal Reserve System) and shall not subject such Purchaser to any tax, penalty, liability or other onerous condition under or pursuant to any applicable law or governmental regulation, and such Purchaser shall have received such certificates or other evidence as it may request to establish compliance with this condition. This paragraph 3C is a closing condition and shall not be construed as a tax indemnity.

Appears in 1 contract

Sources: Note Agreement (Alexander & Baldwin Holdings, Inc.)

Purchase Permitted by Applicable Laws. The purchase of and payment for the Series B Notes to be purchased by each such Purchaser on the terms and conditions herein provided (including the use of the proceeds of such Series B Notes by the each Company) shall not violate any applicable law or governmental regulation (including, without limitation, Section 5 of the Securities Act or Regulation T, U or X of the Board of Governors of the Federal Reserve System) and shall not subject such Purchaser to any tax, penalty, liability or other onerous condition under or pursuant to any applicable law or governmental regulation, and such Purchaser shall have received such certificates or other evidence as it may request to establish compliance with this condition. This paragraph 3C is a closing condition and shall not be construed as a tax indemnity.

Appears in 1 contract

Sources: Note Agreement (Alexander & Baldwin Inc)

Purchase Permitted by Applicable Laws. The purchase of and payment for the Notes to be purchased by each such Purchaser on the terms and conditions herein provided (including the use of the proceeds of such Notes by the each Company) shall not violate any applicable law or governmental regulation (including, without limitation, Section 5 of the Securities Act or Regulation TG, U T or X of the Board of Governors of the Federal Reserve System) and shall not subject such Purchaser to any tax, penalty, liability or other onerous condition under or pursuant to any applicable law or governmental regulation, and such Purchaser shall have received such certificates or other evidence as it may request to establish compliance with this condition. This paragraph 3C 3D is a closing condition and shall not be construed as a tax indemnity.

Appears in 1 contract

Sources: Private Shelf Agreement (Alexander & Baldwin Inc)

Purchase Permitted by Applicable Laws. The purchase of and payment for the Notes to be purchased by each such Purchaser on the terms and conditions herein provided (including the use of the proceeds of such Notes by the CompanyCo-Issuers) shall not violate any applicable law or governmental regulation (including, without limitation, Section 5 of the Securities Act or Regulation T, U or X of the Board of Governors of the Federal Reserve System) and shall not subject such Purchaser to any tax, penalty, liability or other onerous condition under or pursuant to any applicable law or governmental regulation, and such Purchaser shall have received such certificates or other evidence as it may request to establish compliance with this condition. This paragraph 3C 3A(3) is a closing condition and shall not be construed as a tax indemnity.

Appears in 1 contract

Sources: Note Purchase and Private Shelf Agreement (Alexander & Baldwin, Inc.)

Purchase Permitted by Applicable Laws. The purchase of and payment for the Notes to be purchased by each Purchaser on the terms and conditions herein provided (including the use of the proceeds of such the Notes by the Company) shall not violate any applicable law or governmental regulation (including, without limitation, Section 5 of the Securities Act or Regulation T, U or X of the Board of Governors of the Federal Reserve System) and shall not subject such Purchaser to any tax, penalty, liability or other onerous condition under or pursuant to any applicable law or governmental regulation, and such Purchaser shall have received such certificates or other evidence as it may request to establish compliance with this condition. This paragraph 3C is a closing condition and shall not be construed as a tax indemnity.

Appears in 1 contract

Sources: Fourth Amendment to Note Purchase Agreement (Matson, Inc.)

Purchase Permitted by Applicable Laws. The purchase of and payment for the Notes to be purchased by each such Purchaser on the terms and conditions herein provided (including the use of the proceeds of such Notes by the each Company) shall not violate any applicable law or governmental regulation governmentalregulation (including, without limitation, Section 5 of the Securities Act or Regulation T, U or X of the Board of Governors of the Federal Reserve System) and shall not subject such Purchaser to any tax, penalty, liability or other onerous condition under or pursuant to any applicable law or governmental regulation, and such Purchaser shall have received such certificates or other evidence as it may request to establish compliance with this condition. This paragraph 3C 3D is a closing condition and shall not be construed as a tax indemnity.

Appears in 1 contract

Sources: Senior Promissory Note Agreement (Alexander & Baldwin Inc)