Common use of Buyer Status Clause in Contracts

Buyer Status. At the time the Buyer was offered the Shares, it was, and at the date hereof it is, and 90 days following the Initial Closing, it will be either: (i) an “accredited investor” as defined in Rule 501 under the Securities Act or (ii) a “qualified institutional buyer” as defined in Rule 144A(a) under the Securities Act.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Ambient Water Corp), Securities Purchase Agreement (Ambient Water Corp), Securities Purchase Agreement (Ambient Water Corp)

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Buyer Status. At the time the Buyer was offered the Shares, it was, and at the date hereof it is, and 90 days following the Initial Closing, it will be either: (i) an “accredited investor” as defined in Rule 501 under the Securities Act or (ii) a “qualified institutional buyer” as defined in Rule 144A(a) under the Securities Act.

Appears in 1 contract

Samples: Securities Purchase Agreement (MINERALRITE Corp)

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