Common use of Covenants of the Placement Agent Clause in Contracts

Covenants of the Placement Agent. (a) The Placement Agent shall offer and sell the Units only to "accredited investors," as that term is defined in Rule 501(a) promulgated under the Securities Act. (b) The Placement Agent agrees not to engage in any activities in connection with the offer of the Units in any state (i) in which the Units are not qualified for sale or exempt from qualification under the applicable securities or blue sky laws thereof; (ii) in which the Placement Agent may not lawfully so engage or (iii) in which it is not a registered broker-dealer. (c) The Placement Agent will use its best efforts to offer the Units in compliance with the requirements of Regulation D.

Covenants of the Placement Agent. (a) The Placement Agent shall offer and sell the Units Shares only to "“accredited investors," ” as that term is defined in Rule 501(a) promulgated under the Securities Act. (b) The Placement Agent agrees not to engage in any activities in connection with the offer of the Units Shares in any state (i) in which the Units Shares are not qualified for sale or exempt from qualification under the applicable securities or blue sky Blue Sky laws thereof; , (ii) in which the Placement Agent may not lawfully so engage engage, or (iii) in which it is not a registered broker-dealer. (c) The Placement Agent will use its best efforts to offer the Units Shares in compliance with the requirements of Regulation D.

Covenants of the Placement Agent. (a) The Placement Agent shall offer and sell the Units Shares only to "“accredited investors," ” as that term is defined in Rule 501(a) promulgated under the Securities Act. (b) The Placement Agent agrees not to engage in any activities in connection with the offer of the Units Shares in any state (i) in which the Units Shares are not qualified for sale or exempt from qualification under the applicable securities or blue sky Blue Sky laws thereof; (ii) in which the Placement Agent may not lawfully so engage or (iii) in which it is not a registered broker-dealer. (c) The Placement Agent will use its best efforts to offer the Units Shares in compliance with the requirements of Regulation D.

Covenants of the Placement Agent. (a) The Placement Agent shall offer and sell the Units Shares only to "accredited investors," as that term is defined in Rule 501(a) promulgated under the Securities Act. (b) The Placement Agent agrees not to engage in any activities in connection with the offer of the Units Shares in any state (i) in which the Units Shares are not qualified for sale or exempt from qualification under the applicable securities or blue sky Blue Sky laws thereof; , (ii) in which the Placement Agent may not lawfully so engage engage, or (iii) in which it is not a registered broker-dealer. (c) The Placement Agent will use its best efforts to offer the Units Shares in compliance with the requirements of Regulation D.