Common use of Acceptance or Rejection Clause in Contracts

Acceptance or Rejection. (a) The Subscriber understands and agrees that the Company reserves the right to reject this subscription for the Offered Securities in whole or in part in any order, if, in its reasonable judgment, it deems such action in the best interest of the Company, notwithstanding prior receipt by the Subscriber of notice of acceptance of the Subscriber’s subscription. (b) In the event of rejection of this subscription, or in the event the sale of the Offered Securities is not consummated by the Company for any reason (in which event this Agreement shall be deemed to be rejected), this Agreement and any other agreement entered into between the Subscriber 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 Subscriber the purchase price remitted to the Company by the Subscriber in exchange for the Offered Securities.

Appears in 4 contracts

Samples: Subscription Agreement (Plastic2Oil, Inc.), Subscription Agreement (Plastic2Oil, Inc.), Subscription Agreement (Plastic2Oil, Inc.)

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Acceptance or Rejection. (a) The Subscriber understands and agrees that the Company Issuer reserves the right to reject this subscription for the Offered Securities in whole or in part in any order, if, in its reasonable judgment, it deems such action in the best interest of the CompanyIssuer, notwithstanding prior receipt by the Subscriber of notice of acceptance of the Subscriber’s subscription. (b) In the event of rejection of this subscription, or in the event the sale of the Offered Securities is not consummated by the Company Issuer for any reason (in which event this Agreement shall be deemed to be rejected), this Agreement and any other agreement entered into between the Subscriber and the Company Issuer relating to this subscription shall thereafter have no force or effect and the Company Issuer shall promptly return or cause to be returned to the Subscriber the purchase price remitted to the Company Issuer by the Subscriber in exchange for the Offered Securities.

Appears in 3 contracts

Samples: Subscription Agreement (Colombia Energy Resources, Inc.), Subscription Agreement (Colombia Energy Resources, Inc.), Subscription Agreement (Colombia Clean Power & Fuels, Inc)

Acceptance or Rejection. (a) The Subscriber understands and agrees that the Company reserves the right to reject this subscription for the Offered Securities in whole or in part in any order, Shares if, in its reasonable judgment, it deems such action in the best interest of the Company, notwithstanding at any time prior receipt by to the Subscriber of notice of acceptance of the Subscriber’s subscriptionClosing. (b) The Subscriber understands and agrees that its subscription for the Shares is irrevocable. (c) In the event of rejection of this subscription, or in the event the sale of the Offered Securities Shares subscribed for by the Subscriber 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 Subscriber 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 Subscriber the purchase price Subscription Amount remitted to the Company by the Subscriber Subscriber, without interest thereon or deduction therefrom, in exchange for the Offered SecuritiesShares.

Appears in 3 contracts

Samples: Common Stock Subscription Agreement (PAWS Pet Company, Inc.), Common Stock Subscription Agreement (PAWS Pet Company, Inc.), Common Stock Subscription Agreement (Pet Airways Inc.)

Acceptance or Rejection. (a) The Subscriber understands and agrees that the Company reserves the right to reject this subscription for the Offered Securities Shares in whole or in part in any order, if, in its reasonable judgment, it deems such action in the best interest of the Company, notwithstanding prior receipt by the Subscriber of notice of acceptance of the Subscriber’s subscription. (b) In the event of rejection of this subscription, or in the event the sale of the Offered Securities Shares is not consummated by the Company for any reason (in which event this Agreement shall be deemed to be rejected), this Agreement and any other agreement entered into between the Subscriber 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 Subscriber the purchase price remitted to the Company by the Subscriber in exchange for the Offered SecuritiesShares.

Appears in 2 contracts

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

Acceptance or Rejection. (a) The Subscriber understands and agrees that the Company reserves the right to reject this subscription for the Offered Securities Common Warrants in whole or in part in any order, if, in its reasonable judgment, it deems such action in the best interest of the Company, notwithstanding prior receipt by the Subscriber of notice of acceptance of the Subscriber’s subscription. (b) In the event of rejection of this subscription, or in the event the sale of the Offered Securities Common Warrants is not consummated by the Company for any reason (in which event this Agreement shall be deemed to be rejected), this Agreement and any other agreement entered into between the Subscriber 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 Subscriber the purchase price remitted to the Company by the Subscriber in exchange for the Offered Securities.

Appears in 2 contracts

Samples: Subscription Agreement (Heritage Distilling Holding Company, Inc.), Subscription Agreement (Heritage Distilling Holding Company, Inc.)

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Acceptance or Rejection. (a) The Subscriber understands and agrees that the Company reserves the right to reject this subscription for the Offered Securities Units in whole or in part in any order, if, in its reasonable judgment, it deems such action in the best interest of the Company, at any time prior to the Closing Date, notwithstanding prior receipt by the Subscriber of notice of acceptance of the Subscriber’s 's subscription. (b) In the event of rejection of this subscription, or in the event the sale of the Offered Securities Units is not consummated by the Company for any reason (in which event this Agreement shall be deemed to be rejected), this Agreement and any other agreement entered into between the Subscriber and Subscriber, the Placement Agent or the Company relating to this subscription shall thereafter have no force or effect and the Company Placement Agent shall promptly return or cause to be returned to the Subscriber the purchase price remitted to the Company Placement Agent by the Subscriber in exchange for the Offered SecuritiesUnits.

Appears in 1 contract

Samples: Subscription Agreement (Golf Technology Holding Inc)

Acceptance or Rejection. (a) The Subscriber understands and agrees that the Company reserves the right to reject this subscription for the Offered Securities Note and Units in whole or in part in any order, if, in its reasonable judgment, it deems such action in the best interest of the Company, notwithstanding prior receipt by the Subscriber of notice of acceptance of the Subscriber’s subscription. (b) In the event of rejection of this subscription, or in the event the sale of the Offered Securities Note and Units is not consummated by the Company for any reason (in which event this Agreement shall be deemed to be rejected), this Agreement and any other agreement entered into between the Subscriber 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 Subscriber the purchase price remitted to the Company by the Subscriber in exchange for the Offered SecuritiesNote and Units.

Appears in 1 contract

Samples: Subscription Agreement (Versus Systems Inc.)

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