Common use of Acknowledgment Regarding Purchase of Shares Clause in Contracts

Acknowledgment Regarding Purchase of Shares. The Company acknowledges and agrees that each of the Purchasers is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Purchaser is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Shares.

Appears in 8 contracts

Samples: Securities Purchase Agreement (Grandsouth Bancorporation), Securities Purchase Agreement (Bay Banks of Virginia Inc), Securities Purchase Agreement (MidWestOne Financial Group, Inc.)

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Acknowledgment Regarding Purchase of Shares. The Company acknowledges and agrees that each of the Purchasers is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no Purchaser is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser of the Purchasers or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Shares.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Castle Creek Capital Partners V, LP), Securities Purchase Agreement (First Bancorp /Nc/)

Acknowledgment Regarding Purchase of Shares. The Company Trust acknowledges and agrees that each of the Purchasers is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company Trust further acknowledges that no Purchaser is acting as a financial advisor or fiduciary of the Company Trust (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser of the Purchasers or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Air T Funding)

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Acknowledgment Regarding Purchase of Shares. The Company acknowledges and agrees that each of the Purchasers Purchaser is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no the Purchaser is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any the Purchaser or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ Purchaser’s purchase of the Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Amarillo Biosciences Inc)

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