Common use of Deemed Representations and Acknowledgements Clause in Contracts

Deemed Representations and Acknowledgements. Any Eligible Offeree that participates in the Rights Offering is deemed to have made the following representations and acknowledgements: (i) Such Eligible Offeree recognizes and understands that the Subscription Rights are not transferable, other than as provided in Section VI.D below; and (ii) Such creditor represents and warrants that it is an Eligible Offeree.

Deemed Representations and Acknowledgements. Any Eligible Offeree that participates in the Rights Offering is deemed to have made the following representations and acknowledgements: (i) Such Eligible Offeree recognizes and understands that the Subscription Rights are not transferable, other than as provided in Section VI.D below; and (ii) Such creditor represents and warrants that it is an Eligible Offeree.