Common use of Buyer Status Clause in Contracts

Buyer Status. Such Buyer is acquiring the Shares as ------------ principal for its own account for investment purposes only. Such Buyer is acquiring the Shares hereunder in the ordinary course of its business. Such Buyer does not have any agreement or understanding, directly or indirectly, with any person to distribute any of the Shares. Such Buyer is an accredited investor within the meaning of Rule 501(a) of the Securities Act of 1933, as amended. The Buyer understands that the Seller is relying on information provided by the Buyer in a purchaser questionnaire executed by the Buyer to confirm that the Buyer is an accredited investor.

Appears in 2 contracts

Samples: Subscription Agreement (Applied Digital Solutions Inc), Subscription Agreement (Applied Digital Solutions Inc)

AutoNDA by SimpleDocs

Buyer Status. Such Buyer is acquiring the Shares as principal ------------ principal for its own account for investment purposes only. Such Buyer is acquiring the Shares hereunder in the ordinary course of its business. Such Buyer does not have any agreement or understanding, directly or indirectly, with any person to distribute any of the Shares. Such Buyer is an accredited investor within the meaning of Rule 501(a) of the Securities Act of 1933, as amended. The Buyer understands that the Seller is relying on information provided by the Buyer in a purchaser questionnaire executed by the Buyer to confirm that the Buyer is an accredited investor.

Appears in 2 contracts

Samples: Subscription Agreement (Applied Digital Solutions Inc), Subscription Agreement (Applied Digital Solutions Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!