Common use of Acquiring Securities Entirely for Own Account Clause in Contracts

Acquiring Securities Entirely for Own Account. The Debt Holder hereby represents that the Securities to be issued to the Debt Holder hereunder will be acquired for investment for the Debt Holder as principal for its own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Debt Holder has no present intention of selling the same. By executing this Agreement, the Debt Holder further represents that the Debt Holder does not presently have any contract, undertaking, agreement or arrangement with any person to sell to any of the Securities to be issued hereunder.

Appears in 3 contracts

Samples: Debt Conversion Agreement, Debt Conversion Agreement (Prides Capital Partners, LLC), Debt Conversion Agreement (Ediets Com Inc)

AutoNDA by SimpleDocs

Acquiring Securities Entirely for Own Account. The Debt Holder hereby represents that the Securities to be issued to the Debt Holder hereunder will be acquired for investment for the Debt Holder as principal for its his own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Debt Holder has no present intention of selling the same. By executing this Agreement, the Debt Holder further represents that the Debt Holder does not presently have any contract, undertaking, agreement or arrangement with any person to sell to any of the Securities to be issued hereunder.

Appears in 2 contracts

Samples: Debt Conversion Agreement (Prides Capital Partners, LLC), Debt Conversion Agreement (Ediets Com Inc)

AutoNDA by SimpleDocs

Acquiring Securities Entirely for Own Account. The Debt Holder hereby represents that the Securities Common Stock to be issued to the Debt Holder hereunder will be acquired for investment for the Debt Holder as principal for its own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Debt Holder has no present intention of selling the same. By executing this Agreement, the Debt Holder further represents that the Debt Holder does not presently have any contract, undertaking, agreement or arrangement with any person to sell to any of the Securities Common Stock to be issued hereunder.

Appears in 1 contract

Samples: Debt Conversion Agreement (CleanTech Innovations, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.