Common use of Newly Formed Entity Clause in Contracts

Newly Formed Entity. H▇▇▇▇▇ recognizes that Parent was only formed in connection with the transactions contemplated by the Merger Agreement and the JBA and, accordingly, has no financial or operating history and that the investment in Parent is extremely speculative and involves a high degree of risk.

Appears in 6 contracts

Sources: Rollover and Contribution Agreement (Fairfax Financial Holdings LTD/ Can), Rollover and Contribution Agreement (Sokol David L), Rollover and Contribution Agreement (Sokol David L)

Newly Formed Entity. H▇▇▇▇▇ recognizes that Parent was only formed in connection with the transactions contemplated by the Merger Agreement and the JBA and, accordingly, has no financial or operating history and that the investment in Parent is extremely speculative and involves a high degree of risk.

Appears in 4 contracts

Sources: Rollover and Contribution Agreement (Washington Dennis R), Rollover and Contribution Agreement (Washington Dennis R), Rollover and Contribution Agreement (Washington Dennis R)