For Own Account Sample Clauses
The "For Own Account" clause establishes that a party is acting solely on its own behalf and not as an agent or representative for any other person or entity. In practice, this means that any actions, decisions, or transactions undertaken by the party are for its own benefit and risk, and not on behalf of third parties. This clause is commonly used in agreements to clarify that each party is responsible for its own obligations and liabilities, thereby preventing misunderstandings about agency relationships and ensuring that risk and responsibility are properly allocated.
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For Own Account. The Shares are being purchased for the Subscriber's own account without the participation of any other person, unless Subscriber is purchasing the securities for the benefit of another as described in Section 5.2, with the intent of holding the Shares for investment and without the intent of participating, directly or indirectly, in a distribution of the Shares and not with a view to, or for resale in connection with, any distribution of the Shares, nor is the Subscriber aware of the existence of any distribution of the Corporation's securities.
For Own Account. The Loans have been requested by the Borrower, and the proceeds of the Loans shall be utilized by the Borrower, for its own account.
For Own Account. Shareholder is acquiring, and will acquire (unless his future acquisition right is duly transferred to another Person in accordance with this Agreement and applicable security law requirements), his Shares for his own account.
For Own Account. Consultant is the sole and true party in interest, is acquiring the Shares, the Warrants and the shares of common stock, $.001 par value, of the Company that may be obtained upon exercise of the Warrants (the "SECURITIES") for his own account for investment, is not purchasing the Securities for the benefit of any other person, and has no present intention of holding or managing the Securities with others or of selling, distributing or otherwise disposing of any portion of the Securities. ▇▇▇ ▇▇▇▇▇ is a resident of the State set forth in the first paragraph of this Agreement.
For Own Account. Consultant is the sole and true party in interest, is acquiring the Warrants and the shares of common stock, $.001 par value, of the Company that may be obtained upon exercise of the Warrants (the "SECURITIES") for its own account for investment, is not purchasing the Securities for the benefit of any other person, and has no present intention of holding or managing the Securities with others or of selling, distributing or otherwise disposing of any portion of the Securities. Consultant is duly organized and in good standing in its jurisdiction of organization and has its principal place of business in the State of California, and ▇▇▇▇ ▇. ▇▇▇▇▇▇ is a resident of the State of California.
For Own Account. The Purchased Shares are being acquired for investment for the Purchaser’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same.