Common use of Bad Actors Clause in Contracts

Bad Actors. Neither the Subscriber nor any of its directors, executive officers, other officers that may serve as a director or officer of any company in which it invests, general partners or managing members, is subject to any “bad actor” disqualifications described in Rule 506(d)(i) through (viii) under the Act (“Disqualification Events”), except for Disqualification Events covered by Rule 506(d)(2) under the Act and disclosed reasonably in advance of the Closing (as hereinafter defined) in writing in reasonable detail to the Corporation.

Appears in 5 contracts

Samples: Licensing and Collaboration Agreement (Zymeworks Inc.), Subscription Agreement (Zymeworks Inc.), Licensing and Collaboration Agreement (Zymeworks Inc.)

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