Common use of Acquisition for Investment Purposes Clause in Contracts

Acquisition for Investment Purposes. Investor is acquiring its interest in the Securities for its own account, and not as a nominee for any Person other than Investor and its Affiliates. Investor is not acquiring the Preferred Shares with a view to or for sale or transfer in connection with any distribution of the Preferred Shares except pursuant to transactions registered under the Act or exempt from such registration; provided, however, that the disposition of its property shall at all times be within its control.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (POSITIVEID Corp), Convertible Preferred Stock Purchase Agreement (VeriChip CORP)

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Acquisition for Investment Purposes. Investor is acquiring its interest in the Securities Debentures and Preferred Shares for its own account, and not as a nominee for any Person other than Investor and its Affiliates. Investor is not acquiring the Preferred Shares with a view to or for sale or transfer in connection with any distribution of the Preferred Shares except pursuant to transactions registered under the Act or exempt from such registration; provided, however, that the disposition of its property shall at all times be within its control.

Appears in 1 contract

Samples: Securities Purchase Agreement (GetFugu, Inc.)

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Acquisition for Investment Purposes. Investor is acquiring its interest in the Securities for its own account, and not as a nominee for any Person other than Investor and its Affiliates. Investor is not acquiring the Preferred Shares or the Warrants with a view to or for sale or transfer in connection with any distribution of the Preferred Shares except pursuant to transactions registered or the Warrants under the Act or exempt from such registrationAct; provided, however, that the disposition of its property shall at all times be within its control.

Appears in 1 contract

Samples: Stock Loan Agreement (Sparta Commercial Services, Inc.)

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