Common use of Acceptance or Rejection Clause in Contracts

Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, in whole or in part, for any reason, at any time prior to the Closing (as defined in Section 2.2 below), notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company at least three business prior to the Closing on such subscription. (c) In the event of rejection of this subscription, or in the event of the sale of the Common shares subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon or deduction therefrom.

Appears in 5 contracts

Samples: Subscription Agreement (Grant Hartford Corp), Subscription Agreement (Grant Hartford Corp), Subscription Agreement (Grant Hartford Corp)

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Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common SharesShares if, in whole or its reasonable judgment, it deems such action in part, for any reasonthe best interest of the Company, at any time prior to the Closing (as defined in Section 2.2 below)Closing, notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's subscription. (b) The undersigned understands and agrees that subscriptions may be revoked its subscription for the Shares is irrevocable and upon acceptance by the undersigned provided that written notice of revocation is sent by certified or registered mailCompany, return receipt requested, the Company shall have the full use and is received right to the purchase price remitted by the Company at least three business prior to the Closing on such subscriptionundersigned. (c) In the event of rejection of this subscription, or in the event of the sale of the Common shares Shares subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon or deduction therefrom, in exchange for the Shares.

Appears in 2 contracts

Samples: Regulation D Subscription Agreement (Gold Swap Inc), Regulation S Subscription Agreement (Nugen Holdings, Inc.)

Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, Debenture(s) in whole or part in partany order, for any reasonif, in its reasonable judgment, it deems such action in the best interests of the Company, at any time prior to the applicable Closing (as defined in Section 2.2 belowherein), notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company at least three two business days prior to the Closing on such subscriptionapplicable Closing. (c) In the event of rejection of this subscription, or in the event of the sale of the Common shares Debenture(s) subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon or deduction therefrom.

Appears in 2 contracts

Samples: Subscription Agreement (Chyron Corp), Subscription Agreement (Chyron Corp)

Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, Shares in whole or in part, for any reasonif, in its reasonable judgment, it deems such action in the best interest of the Company, at any time prior to the Closing (as defined in Section 2.2 below)Closing, notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company Placement Agent at least three two business days prior to the Closing on such subscriptionClosing. (c) In the event of rejection of this subscription, or in the event of the sale of the Common shares Shares subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon or deduction therefrom.

Appears in 1 contract

Samples: Subscription Agreement (Med-Design Corp)

Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, Units in whole or in partpart in any order, for any reasonif, in its sole discretion, it deems such action in the best interest of the Company, at any time prior to the Closing (as defined in Section 2.2 below)Closing, notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company at least three business prior to the Closing on such subscription. (c) . In the event of rejection of this subscription, or in the event of the sale of the Common shares Units subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon or deduction therefrom, in exchange for the Units.

Appears in 1 contract

Samples: Unit Subscription Agreement (Nhancement Technologies Inc)

Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, Shares in whole or part in partany order, for any reasonif, in its reasonable judgment, it deems such action in the best interest of the Company, at any time prior to the Closing (as defined in Section 2.2 below)Closing, notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's ’s subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company at least three two business days prior to the Closing on such subscriptionClosing. (c) In the event (i) of rejection of this subscription, (ii) of revocation by the undersigned pursuant to Section 2.1(b), or in the event of (iii) the sale of the Common shares Shares subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company in accordance with clause 1.2 by the undersigned, without interest thereon or deduction therefrom, in exchange for the Shares.

Appears in 1 contract

Samples: Subscription Agreement (Synergy Pharmaceuticals, Inc.)

Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, Units in whole or part in partany order, for any reasonif, in its reasonable judgment, it deems such action in the best interest of the Company, at any time prior to the Closing (as defined in Section 2.2 below)Closing, notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's subscription. (b) The undersigned understands and agrees that the subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company at least three two business days prior to the Closing on such subscriptionClosing. (c) In the event of rejection of this subscription, or in the event of the sale of the Common shares Units subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon or deduction therefrom, in exchange for the Units.

Appears in 1 contract

Samples: Unit Subscription Agreement (Nhancement Technologies Inc)

Acceptance or Rejection. (a) The obligation of the undersigned to purchase the Securities shall be irrevocable, and the undersigned shall be legally bound to purchase the Securities subject to the terms set forth in this Agreement. The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, Securities in whole or part in part, for any reason, order at any time prior to the Closing closing (as defined the “Closing”) of the purchase and sale of the Securities if, in Section 2.2 below)its reasonable judgment, it deems such action to be in the best interest of the Company, notwithstanding the undersigned’s prior receipt by the undersigned of notice of acceptance of the undersigned's ’s subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company at least three business prior to the Closing on such subscription. (c) . In the event of rejection of this subscriptionsubscription by the Company in accordance with this Section 2, or in the event of the sale of the Common shares subscribed for by the undersigned Securities is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected)reason, this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect effect, and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersignedCompany, without interest thereon or deduction therefrom.

Appears in 1 contract

Samples: Subscription Agreement (Derycz Scientific Inc)

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Acceptance or Rejection. (ai) Upon execution, the Subscriber’s obligation to purchase the Purchased Shares shall be irrevocable, and the Subscriber shall be legally bound to purchase the Purchased Shares subject to the terms set forth in this Agreement. (ii) The undersigned Subscriber understands and agrees that the Company reserves the right to reject this Subscriber’s subscription for the Common any Shares, in whole or in part, for any reason, at any time prior to the Closing closing of the purchase and sale of the Purchased Shares (as defined in Section 2.2 below)the “Closing”) for any or no reason, notwithstanding the Subscriber’s prior receipt by the undersigned of notice of acceptance of the undersigned's Subscriber’s subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company at least three business prior to the Closing on such subscription. (ciii) In the event of rejection of this subscriptionsubscription by the Company in accordance with Section 1(a)(ii), or in the event of the sale of the Common shares subscribed for by the undersigned Shares is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected)reason, this Subscription Agreement and any other agreement entered into between the undersigned Subscriber and the Company relating to this subscription the Offering shall thereafter have no force or effect effect, and the Company shall promptly return or cause to be returned to the undersigned Subscriber the purchase price Aggregate Purchase Price (as defined below) remitted to the Company by the undersignedCompany, without interest thereon or deduction therefrom.

Appears in 1 contract

Samples: Subscription Agreement (LabStyle Innovations Corp.)

Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, Units in whole or in part, for any reasonif, in its reasonable judgment, it deems such action in the best interest of the Company, at any time prior to the applicable Closing (as defined in Section 2.2 belowhereinafter defined), notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company at least three two business days prior to the Closing on such subscriptionapplicable Closing. (c) In the event of rejection of this subscription, or in the event of the sale of the Common shares Units subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon or deduction therefrom, in exchange for the Units.

Appears in 1 contract

Samples: Subscription Agreement (Innopet Brands Corp)

Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, Securities in whole or in part, for any reasonif, in its reasonable judgment, it deems such action in the best interest of the Company, at any time prior to the Closing (as defined in Section 2.2 below)Closing, notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company Placement Agent at least three two (2) business days prior to the Closing on such subscriptionapplicable closing. (c) In the event of rejection of this subscription, or in the event of the sale of the Common shares Securities subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon or deduction therefrom.

Appears in 1 contract

Samples: Subscription Agreement (Boston Life Sciences Inc /De)

Acceptance or Rejection. (a) The undersigned understands and agrees that the Company reserves the right to reject this subscription for the Common Shares, Units in whole or part in partany order, for any reasonif, in its reasonable judgment, it deems such action in the best interest of the Company, at any time prior to the Closing (as defined in Section 2.2 below)Closing, notwithstanding prior receipt by the undersigned of notice of acceptance of the undersigned's subscription. (b) The undersigned understands and agrees that subscriptions may be revoked by the undersigned provided that written notice of revocation is sent by certified or registered mail, return receipt requested, and is received by the Company Placement Agent at least three two business days prior to the Closing on such subscriptionClosing. (c) In the event of rejection of this subscription, or in the event of the sale of the Common shares Units subscribed for by the undersigned is not consummated by the Company for any reason (in which event this Subscription Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the undersigned and the Company relating to this subscription shall thereafter have no force or effect and the Company shall promptly return or cause to be returned to the undersigned the purchase price remitted to the Company by the undersigned, without interest thereon or deduction therefrom, in exchange for the Units.

Appears in 1 contract

Samples: Subscription Agreement (Urban Cool Network Inc)

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