Common use of Purchaser Representations Clause in Contracts

Purchaser Representations. Purchaser hereby represents and warrants to the Insider that: (a) Purchaser, in making the decision to purchase the Purchased Shares and receive the Founder Shares from the Insider, has not relied upon any oral or written representations or assurances from the Insider or any of the Company’s officers, directors, partners or employees or any other representatives or agents, other than the representations made by the Insider in Section 5 of this Agreement. (b) This Agreement has been validly authorized, executed and delivered by the Purchaser and, assuming the due authorization, execution and delivery thereof by the other party hereto, is a valid and binding agreement enforceable in accordance with its terms, subject to the general principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally. The execution, delivery and performance of this Agreement by the Purchaser does not and will not conflict with, violate or cause a breach of, constitute a default under, or result in a violation of (i) any agreement, contract or instrument to which the Purchaser is a party which would prevent the Purchaser from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Purchaser is subject. (c) The Purchaser acknowledges that an investment in the Company involves certain significant risks and that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisors. The Purchaser has considered the suitability of an investment in the Company in light of its own circumstances and financial condition and is able to bear the risks associated with an investment in the Company. (d) The Purchaser is an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) and has such knowledge, skill and experience in business, financial and investment matters that it is capable of evaluating the merits and risks of an investment in the Company. (e) The Founder Shares have not been registered under the Securities Act, or any state securities act, and are being issued on the basis of exemptions from registration under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy of the Purchaser’s representations and warranties set forth herein. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under any circumstances unless registered in accordance with federal and state securities laws or an available exemption under such laws. Accordingly, the Purchaser hereby acknowledges that there can be no assurance that the Purchaser will be able to liquidate its investment in the Founder Shares. (f) The Purchaser has been given the opportunity (i) to ask questions of and receive answers from the Company and its designated representatives concerning the Company, L▇▇▇▇▇▇ and the business and financial condition of the Company and L▇▇▇▇▇▇ as it has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that is necessary to assist the Purchaser in evaluating the advisability of an investment in the Company. The Purchaser confirms that the Company has not (1) given any guarantee or representation as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Company or (2) made any representation to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulations. (g) The Purchaser is investing in the Company for its own account for investment purposes, not as nominees or agents for other persons or entities and not with a view to, or for offer or sale in connection with, any distribution thereof. The Purchaser does not have a present intention to sell any of the Purchased Shares or Founder Shares, nor a present arrangement (whether or not legally binding) or intention to effect any distribution of any of such shares to or through any person or entity.

Appears in 4 contracts

Sources: Share Purchase and Transfer Agreement (1347 Investors LLC), Share Purchase and Transfer Agreement (1347 Investors LLC), Share Purchase and Transfer Agreement (1347 Investors LLC)

Purchaser Representations. In connection with the purchase of the Stock, Purchaser hereby represents and warrants to the Insider thatCompany the following: (a) Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and to carry out its provisions. All action on Purchaser, in making 's part required for the decision to purchase the Purchased Shares lawful execution and receive the Founder Shares from the Insider, has not relied upon any oral or written representations or assurances from the Insider or any of the Company’s officers, directors, partners or employees or any other representatives or agents, other than the representations made by the Insider in Section 5 delivery of this Agreement. (b) This Agreement has been validly authorized, executed and delivered by or will be effectively taken prior to the Purchaser and, assuming the due authorization, Closing. Upon its execution and delivery thereof by the other party heretodelivery, is this Agreement will be a valid and binding agreement obligation of Purchaser, enforceable in accordance with its terms, subject to the general principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally. The execution, delivery and performance of this Agreement by the Purchaser does not and will not conflict with, violate or cause a breach of, constitute a default under, or result in a violation of (i) any agreement, contract or instrument to which the Purchaser is a party which would prevent the Purchaser from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Purchaser is subject. (cb) The Purchaser acknowledges that an investment in is aware of the Company involves certain significant risks and that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisors. The Purchaser has considered the suitability of an investment in the Company in light of its own circumstances Company's business affairs and financial condition and is able has acquired sufficient information about the Company to bear reach an informed and knowledgeable decision to acquire the risks associated with an investment in Stock and the Company. (d) The Option Stock. Purchaser is an “accredited investor” as defined in Rule 501 of Regulation D under purchasing the Securities Act of 1933Stock and Option Stock, as amended (the “Securities Act”) and has such knowledgeif any, skill and experience in business, financial and for investment matters that it is capable of evaluating the merits and risks of an investment in the Company. (e) The Founder Shares have not been registered under the Securities Act, or any state securities act, and are being issued on the basis of exemptions from registration under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy of the for Purchaser’s representations and warranties set forth herein. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under any circumstances unless registered in accordance with federal and state securities laws or an available exemption under such laws. Accordingly, the Purchaser hereby acknowledges that there can be no assurance that the Purchaser will be able to liquidate its investment in the Founder Shares. (f) The Purchaser has been given the opportunity (i) to ask questions of and receive answers from the Company and its designated representatives concerning the Company, L▇▇▇▇▇▇ and the business and financial condition of the Company and L▇▇▇▇▇▇ as it has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that is necessary to assist the Purchaser in evaluating the advisability of an investment in the Company. The Purchaser confirms that the Company has not (1) given any guarantee or representation as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Company or (2) made any representation to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulations. (g) The Purchaser is investing in the Company for its 's own account for investment purposes, not as nominees or agents for other persons or entities only and not with a view to, or for offer or sale resale in connection with, any distribution thereof. The Purchaser does not have a present intention to sell any "distribution" thereof within the meaning of the Purchased Shares Act. (c) Purchaser understands that the Stock and Option Stock, if any, have not been registered under the Act by reason of a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Purchaser's investment intent as expressed herein. (d) Purchaser further acknowledges and understands that the Stock and Option Stock, if any, must be held indefinitely unless it is subsequently registered under the Act or Founder Sharesan exemption from such registration is available. Purchaser further acknowledges and understands that the Company is under no obligation to register the Stock or Option Stock. Purchaser understands that the certificate evidencing the Stock and the Option Stock will be imprinted with a legend which prohibits its transfer unless it is registered or such registration is not required in the opinion of counsel for the Company. (e) Purchaser is familiar with the provisions of Rule 144, nor a present arrangement under the Act, as in effect from time to time, which, in substance, permits limited public resale of "restricted securities" acquired, directly or indirectly, from the issuer thereof (whether or not legally binding) or intention to effect any distribution of any from an affiliate of such shares issuer), in a non-public offering subject to or through any person or entity.the satisfaction of certain conditions including, among other things: (i) the availability of

Appears in 3 contracts

Sources: Stock Purchase Agreement (Women Com Networks Inc), Stock Purchase Agreement (Women Com Networks Inc), Stock Purchase Agreement (Women Com Networks Inc)

Purchaser Representations. Purchaser hereby represents and warrants to the Insider that: (a) PurchaserThe Purchaser has full legal capacity, in making power and authorizations to conclude and execute the decision Agreement and to purchase perform its obligations under the Purchased Shares and receive the Founder Shares from the Insider, has not relied upon any oral or written representations or assurances from the Insider or any of the Company’s officers, directors, partners or employees or any other representatives or agents, other than the representations made by the Insider in Section 5 of this Agreement. (b) This . The Agreement has been validly authorized, executed and delivered by the Purchaser and, assuming the due authorization, execution and delivery thereof by the other party hereto, is constitutes a valid and binding agreement commitment of the Purchaser, enforceable in accordance with its terms, subject to the general principles terms and conditions of equity the Agreement. b) The Purchaser is aware that the Agreement may be classified as securities in certain jurisdictions and to bankruptcy or other laws affecting that the enforcement offer and sale of creditors’ rights generallythe Agreement have not been registered in accordance with the Securities Act in any country and therefore it may not be resold unless they are in accordance with applicable law of the country. The executionPurchaser concludes the Agreement on his/her own account, delivery not as a proxy or agent, and performance not for the purpose or with the intention of this Agreement by resale in connection with the Purchaser does not and will not conflict withpayment from the Agreement, violate or cause a breach of, constitute a default under, or result in a violation of (i) any agreement, contract or instrument to which as well as the Purchaser is a party which would prevent the Purchaser currently not intending to sell, grant any participation or otherwise make payments from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Purchaser is subject. (c) The Purchaser acknowledges that an investment in the Company involves certain significant risks and that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisorstitle. The Purchaser has considered such knowledge and experience in financial and business matters that he/she is able to assess the suitability advantages and risks of an investment in the Company in light of its own circumstances and such purchase, is able to bear a total loss without prejudice to his/her financial condition and is able to bear the risks associated with an investment in economic risk of such purchase indefinitely. c) The Purchaser does not refer to any advice or recommendations (written or oral) of the Company. The Purchaser concludes the Agreement on the basis of his/her own judgment and upon the advice of such professional advisers whom he/she considers necessary to consult with. (d) The Purchaser is an “accredited investor” as defined aware that the conclusion of the Agreement and the purchase of Tokens on the grounds of the Agreement may give rise to tax obligations or other public law obligations in Rule 501 some jurisdictions. The Purchaser himself/herself is obliged to verify the existence of Regulation D under such obligations and the Securities Act manner of 1933, as amended (the “Securities Act”) and has such knowledge, skill and experience in business, financial and investment matters that it is capable of evaluating the merits and risks of an investment in the Companyits payment to a competent authority. The Company does not render tax advisory services. (e) The Founder Shares have not been registered Company will accept payment for the Right acquired under the Securities ActAgreement in BUSD, or any state securities actUSDT, BNB, Bitcoin and are being issued on the basis of exemptions from registration under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy of the Purchaser’s representations and warranties set forth hereinEthereum. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under any circumstances unless registered make the required payment to the Company in exchange for the acquisition of the Right in accordance with federal and state securities laws or an available exemption under such laws. Accordinglythe Agreement pursuant to the procedures set out in Exhibit A to the Agreement. f) For the purposes of the Agreement, the Purchaser hereby acknowledges that there can value of the Purchase Amount will be no assurance that expressed in USD irrespective of whether the Purchaser will be able to liquidate its investment make a payment in BUSD, USDT, BNB, Bitcoin or Ethereum valued at the Founder Shares. (f) The Purchaser has been given the opportunity (i) to ask questions of and receive answers from the Company and its designated representatives concerning the Company, L▇▇▇▇▇▇ and the business and financial condition of the Company and L▇▇▇▇▇▇ as it has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that is necessary to assist the Purchaser in evaluating the advisability of an investment in the CompanyApplicable Exchange Rate for USD. The Purchaser confirms that term “Applicable Exchange Rate” means the Company has not (1) given any guarantee or representation as to average USD exchange rate on the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in day the Company or (2) made any representation offer is presented to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulationsat 00:00 AM GMT. (g) The Purchaser is investing in the Company for its own account for investment purposes, not as nominees or agents for other persons or entities and not with a view to, or for offer or sale in connection with, any distribution thereof. The Purchaser does not have a present intention to sell any of the Purchased Shares or Founder Shares, nor a present arrangement (whether or not legally binding) or intention to effect any distribution of any of such shares to or through any person or entity.

Appears in 2 contracts

Sources: Simple Agreement for Future Tokens (Saft), Simple Agreement for Future Tokens (Saft)

Purchaser Representations. Purchaser hereby represents and warrants to the Insider thatSeller as follows: (a) Purchaser, in making Purchaser is a duly organized and validly existing limited liability company under the decision to purchase the Purchased Shares and receive the Founder Shares from the Insider, has not relied upon any oral or written representations or assurances from the Insider or any laws of the Company’s officers, directors, partners or employees or any other representatives or agents, other than the representations made by the Insider in Section 5 State of this AgreementDelaware. (b) This Agreement has been validly authorizedPurchaser has, executed without notice to or consent or joinder of any other person or entity, the full right, power and delivered by authority to enter into and perform this Agreement, including full right, power and authority to purchase the Purchaser and, assuming the due authorization, execution and delivery thereof by the other party hereto, is a valid and binding agreement enforceable in accordance with its terms, subject to the general principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally. The Property from Seller. (c) Purchaser’s execution, delivery and performance of this Agreement by the Purchaser does not Agreement: (i) are within Purchaser’s power and authority and have been duly authorized; and (ii) will not conflict with, violate or cause with or without notice or the passage of time, or both, result in a breach of, of any of the terms and provisions of or constitute a default underunder any legal requirement, or result in a violation of (i) any agreementindenture, contract mortgage, loan agreement or instrument to which the Purchaser is a party or by which would prevent the Purchaser from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Purchaser is subject. (c) The Purchaser acknowledges that an investment in the Company involves certain significant risks and that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisors. The Purchaser has considered the suitability of an investment in the Company in light of its own circumstances and financial condition and is able to bear the risks associated with an investment in the Companybound. (d) The Purchaser is an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) and has such To Purchaser’s current actual knowledge, skill Purchaser is, and experience in businesson the Closing Date will be, financial and investment matters that it is capable financially able to consummate the purchase of evaluating the merits and risks of an investment Property in the Companymanner contemplated by this Agreement. (e) The Founder Shares have Purchaser is not been registered insolvent (as such term is in the United States Bankruptcy Code, 11 U.S.C. Sections 101, et seq. (the “Bankruptcy Code”)) and will not become insolvent as a result of entering into and consummating this Agreement or the transactions contemplated hereby (including, without limitation, the purchase of the Property), nor are the transactions contemplated hereunder or obligations incurred in connection herewith made or incurred by Purchaser with any intent to hinder, delay or defraud any creditors to which Purchaser is or becomes indebted. Purchaser acknowledges that it is receiving new, fair, reasonably equivalent value in exchange for the transfers and obligations contemplated by this Agreement, and affirmatively represents that neither its entry into this Agreement nor its consummation of the transactions contemplated hereby constitutes a fraudulent conveyance or preferential transfer under the Securities Act, Bankruptcy Code or any other federal, state securities act, and are being issued on the basis of exemptions from registration under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy of the Purchaser’s representations and warranties set forth herein. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under any circumstances unless registered in accordance with federal and state securities or local laws or an available exemption under such laws. Accordingly, the Purchaser hereby acknowledges that there can be no assurance that the Purchaser will be able to liquidate its investment in the Founder Sharesaffecting creditors rights generally. (f) Purchaser is currently in compliance with, and shall at all times during the term of this Agreement (including any extension thereof) remain in compliance with, the regulations of the OFAC of the Department of the Treasury (including those named on OFAC’s Specially Designated Nationals and Blocked Persons List) and any statute, executive order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action relating thereto. Each of the warranties and representations of Purchaser under this Agreement is true and correct as of the Effective Date of this Agreement and shall be true and correct as of the date of Closing. The warranties, representations and covenants of Seller and Purchaser has been given contained in this Agreement shall survive the opportunity (i) Closing and shall inure to ask questions the benefit of and receive answers from be binding upon the Company heirs, legal representatives, successors and its designated representatives concerning the Company, L▇▇▇▇▇▇ and the business and financial condition assigns of the Company and L▇▇▇▇▇▇ as it has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that is necessary to assist the Purchaser in evaluating the advisability of an investment in the Company. The Purchaser confirms that the Company has not (1) given any guarantee or representation as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Company or (2) made any representation to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulationsParties hereto. (g) The Purchaser is investing in the Company for its own account for investment purposes, not as nominees or agents for other persons or entities and not with a view to, or for offer or sale in connection with, any distribution thereof. The Purchaser does not have a present intention to sell any of the Purchased Shares or Founder Shares, nor a present arrangement (whether or not legally binding) or intention to effect any distribution of any of such shares to or through any person or entity.

Appears in 2 contracts

Sources: Agreement of Sale and Purchase, Agreement of Sale and Purchase (Stratus Properties Inc)

Purchaser Representations. In connection with the purchase of the Stock, Purchaser hereby represents and warrants to the Insider thatCompany the following: (a) Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and to carry out its provisions. All action on Purchaser, in making 's part required for the decision to purchase the Purchased Shares lawful execution and receive the Founder Shares from the Insider, has not relied upon any oral or written representations or assurances from the Insider or any of the Company’s officers, directors, partners or employees or any other representatives or agents, other than the representations made by the Insider in Section 5 delivery of this Agreement. (b) This Agreement has been validly authorized, executed and delivered by or will be effectively taken prior to the Purchaser and, assuming the due authorization, Closing. Upon its execution and delivery thereof by the other party heretodelivery, is this Agreement will be a valid and binding agreement obligation of Purchaser, enforceable in accordance with its terms, subject to the general principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally. The execution, delivery and performance of this Agreement by the Purchaser does not and will not conflict with, violate or cause a breach of, constitute a default under, or result in a violation of (i) any agreement, contract or instrument to which the Purchaser is a party which would prevent the Purchaser from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Purchaser is subject. (cb) The Purchaser acknowledges that an investment in is aware of the Company involves certain significant risks and that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisors. The Purchaser has considered the suitability of an investment in the Company in light of its own circumstances Company's business affairs and financial condition and is able has acquired sufficient information about the Company to bear reach an informed and knowledgeable decision to acquire the risks associated with an investment in Stock and the Company. (d) The Option Stock. Purchaser is an “accredited investor” as defined in Rule 501 of Regulation D under purchasing the Securities Act of 1933Stock and Option Stock, as amended (the “Securities Act”) and has such knowledgeif any, skill and experience in business, financial and for investment matters that it is capable of evaluating the merits and risks of an investment in the Company. (e) The Founder Shares have not been registered under the Securities Act, or any state securities act, and are being issued on the basis of exemptions from registration under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy of the for Purchaser’s representations and warranties set forth herein. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under any circumstances unless registered in accordance with federal and state securities laws or an available exemption under such laws. Accordingly, the Purchaser hereby acknowledges that there can be no assurance that the Purchaser will be able to liquidate its investment in the Founder Shares. (f) The Purchaser has been given the opportunity (i) to ask questions of and receive answers from the Company and its designated representatives concerning the Company, L▇▇▇▇▇▇ and the business and financial condition of the Company and L▇▇▇▇▇▇ as it has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that is necessary to assist the Purchaser in evaluating the advisability of an investment in the Company. The Purchaser confirms that the Company has not (1) given any guarantee or representation as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Company or (2) made any representation to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulations. (g) The Purchaser is investing in the Company for its 's own account for investment purposes, not as nominees or agents for other persons or entities only and not with a view to, or for offer or sale resale in connection with, any distribution thereof"DISTRIBUTION" thereof within the meaning of the Act. (c) Purchaser understands that the Stock and Option Stock, if any, have not been registered under the Act by reason of a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Purchaser's investment intent as expressed herein. (d) Purchaser further acknowledges and understands that the Stock and Option Stock, if any, must be held indefinitely unless it is subsequently registered under the Act or an exemption from such registration is available. The Purchaser does further acknowledges and understands that the Company is under no obligation to register the Stock or Option Stock. Purchaser understands that the certificate evidencing the Stock and the Option Stock will be imprinted with a legend which prohibits its transfer unless it is registered or such registration is not have required in the opinion of counsel for the Company. (e) Purchaser is familiar with the provisions of Rule 144, under the Act, as in effect from time to time, which, in substance, permits limited public resale of "RESTRICTED SECURITIES" acquired, directly or indirectly, from the issuer thereof (or from an affiliate of such issuer), in a present intention non-public offering subject to the satisfaction of certain conditions including, among other things: (i) availability of certain public information about the Company and (ii) the resale occurring following the required holding period under Rule 144 after the Purchaser has purchased, and made full payment of (within the meaning of Rule 144), the securities to be sold. (f) Purchaser further understands that at the time Purchaser wishes to sell any the Stock there may be no public market upon which to make such a sale, and that, even if such a public market then exists, the Company may not be satisfying the current public information requirements of Rule 144, and that, in such event, Purchaser would be precluded from selling the Purchased Shares or Founder Shares, nor Stock under Rule 144 even if the minimum holding period requirement had been satisfied. (g) Purchaser is a present arrangement (whether or not legally binding) or intention to effect any distribution of any of such shares to or through any person or entity"QUALIFIED INSTITUTIONAL BUYER" as that term is defined in Rule 144A under the Act.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Hearst Communications Inc), Stock Purchase Agreement (Women Com Networks Inc)

Purchaser Representations. The Purchaser hereby represents represents, warrants and warrants covenants to the Insider thatSeller that as of the related Closing Date: (a) PurchaserThe Purchaser is an entity duly organized, validly existing and in making good standing under the decision laws of its jurisdiction of organization, and has all licenses necessary to purchase carry on its business now being conducted and is licensed, qualified and in good standing under the Purchased Shares laws of each state where a Mortgaged Property is located or is otherwise exempt under applicable law from such qualification or is otherwise not required under applicable law to effect such qualification; no demand for such qualification has been made upon the Purchaser by any state having jurisdiction and receive in any event the Founder Shares from Purchaser is or will be in compliance with the Insider, has not relied upon laws of any oral or written representations or assurances from such state to the Insider or any of the Company’s officers, directors, partners or employees or any other representatives or agents, other than the representations made by the Insider in Section 5 of this Agreementextent necessary to enforce each Mortgage Loan. (b) This Agreement The Purchaser had the full power and authority and legal right to acquire the Mortgage Loans that it acquired. The Purchaser has been validly authorizedthe full power and authority to hold each Mortgage Loan, to sell each Mortgage Loan and to execute, deliver and perform, and to enter into and consummate, all transactions contemplated by this Agreement. The Purchaser has duly authorized the execution, delivery and performance of this Agreement, has duly executed and delivered by the Purchaser andthis Agreement, and this Agreement, assuming the due authorization, execution and delivery thereof by the other party heretoSeller, is constitutes a legal, valid and binding agreement obligation of the Purchaser, enforceable against it in accordance with its terms, subject to applicable bankruptcy, reorganization, receivership, conservatorship, insolvency, moratorium and other laws relating to or affecting creditors’ rights generally or the rights of creditors of banks and to the general principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally. The execution, delivery and performance of this Agreement by the Purchaser does not and will not conflict with, violate or cause a breach of, constitute a default under, or result (whether such enforceability is considered in a violation of (i) any agreement, contract proceeding in equity or instrument to which the Purchaser is a party which would prevent the Purchaser from performing its obligations hereunder or (ii) any at law, statute, rule or regulation to which the Purchaser is subject.); (c) The Purchaser acknowledges that an investment in the Company involves certain significant risks and does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement; (d) The Purchaser has had the opportunity not dealt with any broker or agent or anyone else who might be entitled to review a fee or commission in connection with this Agreement and transaction. (e) The consummation of the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisors. The Purchaser has considered the suitability of an investment is in the Company in light ordinary course of its own circumstances and financial condition and is able to bear the risks associated with an investment in the Company. (d) The Purchaser is an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) and has such knowledge, skill and experience in business, financial and investment matters that it is capable of evaluating the merits and risks of an investment in the Company. (e) The Founder Shares have not been registered under the Securities Act, or any state securities act, and are being issued on the basis of exemptions from registration under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy business of the Purchaser’s representations and warranties set forth herein. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under any circumstances unless registered in accordance with federal and state securities laws or an available exemption under such laws. Accordingly, the Purchaser hereby acknowledges that there can be no assurance that the Purchaser will be able to liquidate its investment in the Founder Shares. (f) The Purchaser has been given the opportunity (i) to ask questions of and receive answers from the Company and its designated representatives concerning the Company, L▇▇▇▇▇▇ and the business and financial condition of the Company and L▇▇▇▇▇▇ as it has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that is necessary to assist the Purchaser in evaluating the advisability of an investment in the Company. The Purchaser confirms that the Company has not (1) given any guarantee or representation as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Company or (2) made any representation to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulations. (g) The Purchaser is investing in the Company for its own account for investment purposes, not as nominees or agents for other persons or entities and not with a view to, or for offer or sale in connection with, any distribution thereof. The Purchaser does not have a present intention to sell any of the Purchased Shares or Founder Shares, nor a present arrangement (whether or not legally binding) or intention to effect any distribution of any of such shares to or through any person or entity.

Appears in 1 contract

Sources: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2011-2)

Purchaser Representations. Purchaser hereby In purchasing the Shares, each Purchaser, severally and not jointly, acknowledges, represents and warrants to the Insider Sellers on the date hereof and on the Settlement Date that: (a) PurchaserSuch Purchaser acknowledges receipt of a prospectus, in making the decision to purchase the Purchased Shares and receive the Founder Shares from the Insider, has not relied upon any oral or written representations or assurances from the Insider or any which forms a part of the Company’s officersRegistration Statement, directorsrelating to the Offering. (b) Such Purchaser is an entity duly organized, partners or employees or any other representatives or agentsvalidly existing and in good standing under the laws of its jurisdiction of organization. Such Purchaser has full and adequate right, other than the representations made by the Insider in Section 5 of power, capacity and authority to enter into, execute, deliver and perform this Agreement. (bc) This Agreement has been validly authorizedduly authorized by such Purchaser, has been duly executed and delivered by such Purchaser and constitutes the Purchaser andlegal, assuming the due authorization, execution and delivery thereof by the other party hereto, is a valid and binding agreement obligation of such Purchaser, enforceable against such Purchaser in accordance with its terms, subject except to the general principles of equity and to bankruptcy extent that enforcement thereof may be limited by bankruptcy, insolvency, reorganization or other laws affecting the enforcement of creditors’ rights generally. The execution, delivery and performance of this Agreement or by the Purchaser does not and will not conflict with, violate or cause a breach of, constitute a default under, or result in a violation of (i) any agreement, contract or instrument to which the Purchaser is a party which would prevent the Purchaser from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Purchaser is subject. (c) The Purchaser acknowledges that an investment in the Company involves certain significant risks and that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisors. The Purchaser has considered the suitability of an investment in the Company in light of its own circumstances and financial condition and is able to bear the risks associated with an investment in the Companygeneral equitable principles. (d) The purchase of the Shares by such Purchaser hereunder will not conflict with, result in a breach or violation of, or constitute a default under, any law applicable to such Purchaser or the charter documents of such Purchaser or the terms of any indenture or other agreement or instrument to which such Purchaser is an a party or bound, or any judgment, order or decree applicable to such Purchaser of any court, regulatory body, administrative agency, governmental body or arbitrator having jurisdiction over such Purchaser; provided that no warranty is made with respect to the antifraud provisions of federal and state securities laws. (e) No consent, approval, authorization or order of any court or governmental agency or body is required for the consummation by such Purchaser of its purchase of the Shares hereunder. (f) Such Purchaser represents that it is and, immediately following its purchase of the Shares, will be a accredited passive investor” with respect to the Company as defined in contemplated by Rule 501 of Regulation D 13d-1(c) under the Securities Exchange Act of 19331934, as amended (the “Securities Exchange Act”) ), and has such knowledge, skill and experience in business, financial and investment matters confirms that the Shares are not being acquired by it is capable for the purpose of evaluating or with the merits and risks effect of an investment in changing or influencing the control of the Company. (eg) The Founder Such Purchaser is purchasing the Shares have in the ordinary course of its business and has no arrangement with any person, directly or indirectly, to participate in the distribution of the Shares. Such Purchaser is not been required to be registered as a broker-dealer under Section 15 of the Securities Exchange Act, or any state securities act, and are being issued on otherwise. (h) Except for the basis of exemptions from registration under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy of the Purchaser’s express representations and warranties set forth herein. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under contained in this Agreement, neither the Sellers, nor any circumstances unless registered in accordance with federal and state securities laws or an available exemption under such laws. Accordinglyof their respective affiliates, the Purchaser hereby acknowledges that there can be no assurance that the Purchaser will be able to liquidate its investment in the Founder Shares. (f) The Purchaser has been given the opportunity (i) to ask questions of and receive answers from the Company and its designated representatives concerning the Companyattorneys, L▇▇▇▇▇▇ and the business accountants and financial condition of the Company and L▇▇▇▇▇▇ as it other advisors, has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that is necessary to assist the Purchaser in evaluating the advisability of an investment in the Company. The Purchaser confirms that the Company has not (1) given any guarantee or representation as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Company or (2) made any representation representations or warranties to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulationssuch Purchaser. (g) The Purchaser is investing in the Company for its own account for investment purposes, not as nominees or agents for other persons or entities and not with a view to, or for offer or sale in connection with, any distribution thereof. The Purchaser does not have a present intention to sell any of the Purchased Shares or Founder Shares, nor a present arrangement (whether or not legally binding) or intention to effect any distribution of any of such shares to or through any person or entity.

Appears in 1 contract

Sources: Stock Purchase Agreement (LPL Financial Holdings Inc.)

Purchaser Representations. Purchaser hereby represents and warrants to the Insider that: (a) PurchaserThe Purchaser has full legal capacity, in making power and authorizations to conclude and execute the decision Agreement and to purchase perform its obligations under the Purchased Shares and receive the Founder Shares from the Insider, has not relied upon any oral or written representations or assurances from the Insider or any of the Company’s officers, directors, partners or employees or any other representatives or agents, other than the representations made by the Insider in Section 5 of this Agreement. (b) This . The Agreement has been validly authorized, executed and delivered by the Purchaser and, assuming the due authorization, execution and delivery thereof by the other party hereto, is constitutes a valid and binding agreement commitment of the Purchaser, enforceable in accordance with its terms, subject to the general principles terms and conditions of equity the Agreement. b) The Purchaser is aware that the Agreement may be classified as securities in certain jurisdictions and to bankruptcy or other laws affecting that the enforcement offer and sale of creditors’ rights generallythe Agreement have not been registered in accordance with the Securities Act in any country and therefore it may not be resold unless they are in accordance with applicable law of the country. The executionPurchaser concludes the Agreement on hi s/her own account, delivery not as a proxy or agent, and performance not for the purpose or with the intention of this Agreement by resale in connection with the Purchaser does not and will not conflict withpayment from the Agreement, violate or cause a breach of, constitute a default under, or result in a violation of (i) any agreement, contract or instrument to which as well as the Purchaser is a party which would prevent the Purchaser currently not intending to sell, grant any participation or otherwise make payments from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Purchaser is subject. (c) The Purchaser acknowledges that an investment in the Company involves certain significant risks and that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisorstitle. The Purchaser has considered such knowledge and experience in financial and business matters that he/she is able to assess the suitability advantages and risks of an investment in the Company in light of its own circumstances and such purchase, is able to bear a total loss without prejudice to his/her financial condition and is able to bear the risks associated with an investment in economic risk of such purchase indefinitely. c) The Purchaser does not refer to any advice or recommendations (written or oral) of the Company. The Purchaser concludes the Agreement on the basis of his/her own judgment and upon the advice of such professional advisers whom he/she considers necessary to consult with. (d) The Purchaser is an “accredited investor” as defined in Rule 501 aware that the conclusion of Regulation D under the Securities Act Agreement and the purchase of 1933, as amended (the “Securities Act”) and has such knowledge, skill and experience in business, financial and investment matters that it is capable of evaluating the merits and risks of an investment in the Company. (e) The Founder Shares have not been registered under the Securities Act, or any state securities act, and are being issued Tokens on the basis of exemptions from registration under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy grounds of the Purchaser’s representations and warranties set forth hereinAgreement may give rise to tax obligations or other public law obligations in some jurisdictions. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under any circumstances unless registered in accordance with federal and state securities laws or an available exemption under such laws. Accordingly, the Purchaser hereby acknowledges that there can be no assurance that the Purchaser will be able to liquidate its investment in the Founder Shares. (f) The Purchaser has been given the opportunity (i) to ask questions of and receive answers from the Company and its designated representatives concerning the Company, L▇▇▇▇▇▇ f/herself is obliged to verify the existence of such obligations and the business manner of its payment to a competent authority. The Company does not render tax advisory services. e) The Company will accept payment for the Right acquired under the Agreement in USD , EUR, PLN, Bitcoin and financial condition of the Company and L▇▇▇▇▇▇ as it has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that is necessary to assist the Purchaser in evaluating the advisability of an investment in the CompanyEthereum. The Purchaser confirms that will make the required payment to the Company has not (1) given any guarantee or representation as in exchange for the acquisition of the Right in accordance with the Agreement pursuant to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment procedures set out in the Company or (2) made any representation Exhibit A to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulationsAgreement. (gf) The For the purposes of the Agreement, the value of the Purchase Amount will be expressed in USD irrespective of whether the Purchaser is investing will make a payment in PLN, EUR, Bitcoin or Ethereum valued at the Company Applicable Exchange Rate for its own account for investment purposes, not as nominees or agents for other persons or entities and not with a view to, or for offer or sale in connection with, any distribution thereofUSD. The Purchaser does not have a present intention to sell any term “Applicable Exchange Rate” means the average USD exchange rate announced by the central national bank of the Purchased Shares or Founder Shares, nor a present arrangement (whether or not legally binding) or intention Republic of Poland – the National Bank of Poland on the day the offer is presented to effect any distribution of any of such shares to or through any person or entitythe Purchaser.

Appears in 1 contract

Sources: Simple Agreement for Future Tokens (Saft)

Purchaser Representations. Purchaser hereby represents and warrants to the Insider that: (a) PurchaserThe Purchaser has full legal capacity, in making the decision power and authority to purchase the Purchased Shares execute and receive the Founder Shares from the Insider, has not relied upon any oral or written representations or assurances from the Insider or any of the Company’s officers, directors, partners or employees or any other representatives or agents, other than the representations made by the Insider in Section 5 of deliver this Agreement. (b) instrument and to perform its obligations hereunder. This Agreement has been validly authorized, executed and delivered by the Purchaser and, assuming the due authorization, execution and delivery thereof by the other party hereto, is a instrument constitutes valid and binding agreement obligation of the Purchaser, enforceable in accordance with its terms, subject to the general principles of equity and to bankruptcy except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally. The execution, delivery generally and performance general principles of this Agreement by the Purchaser does not and will not conflict with, violate or cause a breach of, constitute a default under, or result in a violation of (i) any agreement, contract or instrument to which the Purchaser is a party which would prevent the Purchaser from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Purchaser is subjectequity. (c) The Purchaser acknowledges that an investment in the Company involves certain significant risks and that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisors. The Purchaser has considered the suitability of an investment in the Company in light of its own circumstances and financial condition and is able to bear the risks associated with an investment in the Company. (db) The Purchaser is an accredited investor” investor as such term is defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) and . The Purchaser has such knowledge, skill and experience in business, financial and investment matters been advised that it is capable of evaluating the merits and risks of an investment in the Company. (e) The Founder Shares have this instrument has not been registered under the Securities Act, or any U.S. state securities actlaws and, and are being issued on the basis of exemptions from registration therefore, cannot be transferred unless registered under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy of the Purchaser’s representations and warranties set forth herein. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under any circumstances unless registered in accordance with federal and U.S. state securities laws or unless an available exemption under from such laws. Accordingly, the Purchaser hereby acknowledges that there can be no assurance that the Purchaser will be able to liquidate its investment in the Founder Shares. (f) The Purchaser has been given the opportunity (i) to ask questions of and receive answers from the Company and its designated representatives concerning the Company, L▇▇▇▇▇▇ and the business and financial condition of the Company and L▇▇▇▇▇▇ as it has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that registration requirements is necessary to assist the Purchaser in evaluating the advisability of an investment in the Companyavailable. The Purchaser confirms that the Company has not (1) given any guarantee or representation as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Company or (2) made any representation to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulations. (g) The Purchaser is investing in the Company purchasing this instrument for its own account for investment purposesinvestment, not as nominees a nominee or agents for other persons or entities agent, and not with a view to, or for offer or sale resale in connection with, any the distribution thereof, and the Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same. The Purchaser does has such knowledge and experience in financial and business matters that the Purchaser is capable of evaluating the merits and risks of such investment, is able to incur a complete loss of such investment without impairing the Purchaser’s financial condition and is able to bear the economic risk of such investment for an indefinite period of time. (c) The Purchaser has such knowledge and experience in financial and business matters that the Purchaser is capable of evaluating the merits and risks of entering into this TPA and of purchasing Tokens. (d) The Purchaser represents that it has adequate information on which to base its decision to purchase Tokens through this instrument and that the Purchaser has made and will make such investigation as Purchaser deems necessary or appropriate in connection with this TPA and the purchase of Tokens through this TPA. The Purchaser understands that information regarding the Tokens, the Network Launch and the Opu Platform may change from time to time or even become obsolete, that the Company is under no obligation to update any information provided to Purchaser, and that Purchaser is solely responsible for obtaining all such information at such times as Purchaser requires in making Purchaser’s decisions under this TPA. Except for the express representations and warranties of the Company under this instrument, the Company makes no, and the Purchaser is not have relying upon any, representation or warranty, express or implied, of any kind. (e) The Purchaser’s entry into this TPA complies with applicable laws and regulations in the Purchaser’s jurisdiction. (f) The Purchaser understands that the Purchaser bears sole responsibility for any taxes as a present intention result of the matters and transactions the subject of this instrument, and any future acquisition, ownership, use, sale or other disposition of Tokens held by the Purchaser. To the extent permitted by law, the Purchaser agrees to sell indemnify, defend and hold the Company or any of its affiliates, employees or agents (including developers, auditors, contractors or founders) harmless for any claim, liability, assessment or penalty with respect to any taxes (other than any net income taxes of the Purchased Shares Company that result from the delivery of Tokens to the Purchaser pursuant to Section 1(a) of this instrument) associated with or Founder Sharesarising from the Purchaser’s purchase of Tokens hereunder, nor or the use or ownership of Tokens. (g) The Purchaser is not (i) a present arrangement citizen or resident of a geographic area in which use of cryptographic tokens is prohibited by applicable law, decree, regulation, treaty, or administrative act, (whether ii) a citizen or resident of, or located in, a geographic area that is subject to U.S. or other applicable sanctions or embargoes, or (iii) an individual, or an individual employed by or associated with an entity, identified on the U.S. Department of Commerce’s Denied Persons or Entity List, the U.S. Department of Treasury’s Specially Designated Nationals or Blocked Persons Lists, or the U.S. Department of State’s Debarred Parties List. If the Purchaser’s country of residence or other circumstances change such that the above representations are no longer accurate, you will immediately notify Company. (h) The Purchaser will not legally bindinguse the Tokens in connection with any activity that violates applicable laws in any relevant jurisdiction, including, but not limited to, use of the Tokens in connection with transactions that violate U.S. federal or state securities or commodity laws. (i) or intention to effect any The Purchaser understands there is no guarantee that a Network Launch and distribution of Tokens will occur at any particular time or at all. (j) The Purchaser will at all times maintain control of the Purchaser’s wallet where any Tokens are stored, and the Purchaser will not share or disclose the account credentials associated with such wallet with any other party. If the Purchaser transfers Tokens into another wallet or vault, the Purchaser will likewise at all times maintain control of such shares to other wallet or through vault, and will not share or disclose the account credentials associated with such other wallet or vault with any person or entityother party.

Appears in 1 contract

Sources: Token Purchase Agreement

Purchaser Representations. Purchaser hereby represents and warrants to the Insider Providers that: (a) PurchaserPurchaser is a corporation duly organized, validly existing and in making good standing under the decision to purchase the Purchased Shares and receive the Founder Shares from the Insider, has not relied upon any oral or written representations or assurances from the Insider or any laws of the Company’s officers, directors, partners or employees or any other representatives or agents, other than the representations made by the Insider in Section 5 State of this AgreementDelaware. (b) Purchaser has all requisite corporate power and authority necessary to enter into this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. (c) This Agreement has been validly authorized, duly executed and delivered by the Purchaser and, assuming the due authorization, execution and delivery thereof by the other party hereto, is constitutes a valid and binding agreement obligation of Purchaser, enforceable against it in accordance with its terms, subject to except as limited by the general principles application of equity bankruptcy, moratorium and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally. generally and as limited by the availability of specific performance and the application of equitable principles. (d) The execution, execution and delivery and performance by Purchaser of this Agreement Agreement, the performance by Purchaser of its obligations hereunder, and the consummation by Purchaser does of the transactions contemplated hereby do not and will not (i) conflict with or violate the provisions of Purchaser’s certificate of incorporation or bylaws, (ii) with such exceptions as, individually and in the aggregate, have not had and are not reasonably likely to have, a material adverse effect on the ability of Purchaser to perform its obligations hereunder, conflict with, violate or cause a breach of, constitute a default under, or result in a violation or breach of, result in the acceleration of any rights under, give rise to any right to accelerate, terminate, modify or cancel, or require any notice, consent, authorization, approval or waiver under, any contract which Purchaser is subject, (iii) violate or breach the terms of, or cause any default under, any Law to which Purchaser is subject, (iv) require any authorization, consent, approval, exemption or other action by or notice to any Governmental Entity, or (v) with the passage of time, the giving of notice or the taking of any action by another Person, have any of the effects described in clauses (i) any agreement, contract or instrument to which the Purchaser is a party which would prevent the Purchaser from performing its obligations hereunder or through (iiiv) any law, statute, rule or regulation to which the Purchaser is subject. (c) The Purchaser acknowledges that an investment in the Company involves certain significant risks and that it has had the opportunity to review of this Agreement and the transactions contemplated by this Agreement with the Purchaser’s own legal counsel and investment and tax advisors. The Purchaser has considered the suitability of an investment in the Company in light of its own circumstances and financial condition and is able to bear the risks associated with an investment in the Company. clause (d) The Purchaser is an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) and has such knowledge, skill and experience in business, financial and investment matters that it is capable of evaluating the merits and risks of an investment in the Company). (e) The Founder Shares have not been registered under the Securities Act, or any state securities act, and are being issued on the basis of exemptions from registration under the Securities Act and applicable state securities acts. Reliance on such exemptions, where applicable, is predicated in part on the accuracy of the Purchaser’s representations and warranties set forth herein. The Purchaser acknowledges and hereby agrees that such Founder Shares will not be transferable under any circumstances unless registered in accordance with federal and state securities laws or an available exemption under such laws. Accordingly, the Purchaser hereby acknowledges that there can be no assurance that the Purchaser will be able to liquidate its investment in the Founder Shares. (f) The Purchaser has been given the opportunity (i) to ask questions of and receive answers from the Company and its designated representatives concerning the Company, L▇▇▇▇▇▇ and the business and financial condition of the Company and L▇▇▇▇▇▇ as it has deemed necessary or advisable to evaluate the merits and risks of an investment in the Company and (ii) to obtain any additional information that is necessary to assist the Purchaser in evaluating the advisability of an investment in the Company. The Purchaser confirms that the Company has not (1) given any guarantee or representation as to the potential success, return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Company or (2) made any representation to the Purchaser regarding the legality of an investment in the Company under applicable legal investment or similar laws or regulations. (g) The Purchaser is investing in the Company for its own account for investment purposes, not as nominees or agents for other persons or entities and not with a view to, or for offer or sale in connection with, any distribution thereof. The Purchaser does not have a present intention to sell any of the Purchased Shares or Founder Shares, nor a present arrangement (whether or not legally binding) or intention to effect any distribution of any of such shares to or through any person or entity.

Appears in 1 contract

Sources: Transition Services Agreement (Ascent Industries Co.)