Canaccord Purchases Clause Samples
The 'Canaccord Purchases' clause defines the terms and conditions under which Canaccord, likely a financial services firm or broker, is authorized to purchase securities or assets on behalf of a client or within a specific transaction. This clause typically outlines the scope of Canaccord's purchasing authority, any limitations or requirements for such purchases, and the process for executing these transactions. For example, it may specify the types of assets Canaccord can buy, the approval process required, or reporting obligations following a purchase. The core function of this clause is to clearly delineate Canaccord's role and responsibilities in making purchases, thereby ensuring transparency and reducing the risk of unauthorized or disputed transactions.
Canaccord Purchases. The Company acknowledges and agrees that Canaccord has informed the Company that Canaccord may, to the extent permitted under the Securities Act and the Exchange Act, purchase and sell Common Shares for Canaccord’s own account and for the account of its clients at the same time as sales of Placement Shares occur pursuant to this Agreement.