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Common use of Purpose of Investment Clause in Contracts

Purpose of Investment. The Company’s purpose in borrowing the above-referenced funds was to raise funds for the general use of the Company’s business, including payment of accrued and ongoing expenses of the Company.

Appears in 3 contracts

Sources: Exchange Agreement (Quest Minerals & Mining Corp), Exchange Agreement (Quest Minerals & Mining Corp), Exchange Agreement (Quest Minerals & Mining Corp)

Related Clauses

  • Scale of investment
  • Sale of Investments
  • Purchase of Investments
  • Terms of Investment
  • Treatment of Investment

Parent Clauses

  • Representations and Warranties of the Members
  • REPRESENTATIONS AND WARRANTIES OF THE COMPANY
  • Ownership and Capital Contributions Capital Accounts
  • Formation Term Purpose and Powers
  • Representations of Members

Sub-Clauses

  • Employment Agreements
  • Accuracy of Representations and Warranties
  • Counterparts
  • No Claim Regarding Stock Ownership or Consideration
  • Closing Documents
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