Common use of Availability of Exemptions Clause in Contracts

Availability of Exemptions. Each Seller understands that the Consideration Shares are being offered pursuant to an exemption or exemptions from registration requirements of Israeli and US Federal and state securities laws, and that the Purchaser is relying upon the truth and accuracy of such Seller’s representations, warranties, agreements, acknowledgments and understandings set forth in this Section 5 herein in order to determine the applicability of such exemptions and the suitability of such Seller to receive the Shares.

Availability of Exemptions. Each Seller understands that the Consideration Shares are being offered pursuant to an exemption or exemptions from registration requirements of Israeli and US Federal and state securities laws, laws and that the Purchaser is relying upon the truth and accuracy of such Seller’s 's representations, warranties, agreements, acknowledgments and understandings set forth in this Section section 5 herein in order to determine the applicability of such exemptions and the suitability of such Seller to receive the Shares.