Common use of Acknowledgment Regarding Purchasers’ Purchase of Shares Clause in Contracts

Acknowledgment Regarding Purchasers’ Purchase of Shares. The Company acknowledges and agrees that 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 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 Purchaser or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to Purchaser's purchase of the Series C Preferred Shares.

Appears in 1 contract

Samples: Stock Purchase Agreement (Carver Bancorp Inc)

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Acknowledgment Regarding Purchasers’ Purchase of Shares. The Company acknowledges and agrees that Purchaser each of the Purchasers is acting solely in the capacity of an arm's ’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that no 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 Purchaser or any of its their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to Purchaser's the Purchasers’ purchase of the Series C Preferred SharesSecurities.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pacific Financial Corp)

Acknowledgment Regarding Purchasers’ Purchase of Shares. The Company acknowledges and agrees that the Purchaser is acting solely in the capacity of an arm's ’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that 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 the Purchaser or any of its respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchaser's ’s purchase of the Series C Preferred Shares.

Appears in 1 contract

Samples: Securities Purchase Agreement (Hanmi Financial Corp)

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Acknowledgment Regarding Purchasers’ Purchase of Shares. The Company Bank acknowledges and agrees that the Purchaser is acting solely in the capacity of an arm's ’s length purchaser with respect to the Transaction Documents and the transactions contemplated hereby and thereby. The Company Bank further acknowledges that the Purchaser is not acting as a financial advisor or fiduciary of the Company Bank (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by the Purchaser or any of its representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchaser's ’s purchase of the Series C Preferred Purchased Shares.

Appears in 1 contract

Samples: Stock Purchase Agreement (Southern California Bancorp \ CA)

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