Common use of Federal Securities Act Representations Clause in Contracts

Federal Securities Act Representations. The COMPANY acknowledges that the shares of TSII Stock to be delivered to the COMPANY pursuant to this Agreement have not been and will not be registered under the 1933 Act and therefore may not be resold without compliance with the 1933 Act. The TSII Stock to be acquired by the COMPANY pursuant to this Agreement is being acquired solely for its own account, for investment purposes only, and with no present intention of distributing, selling or otherwise disposing of it in connection with a distribution.

Appears in 3 contracts

Samples: Agreement and Plan of Organization (Travel Services International Inc), Acquisition Agreement (Travel Services International Inc), Merger Agreement (Travel Services International Inc)

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Federal Securities Act Representations. The COMPANY acknowledges STOCKHOLDERS acknowledge that the shares of TSII Stock to be delivered to the COMPANY STOCKHOLDERS pursuant to this Agreement have not been and will not be registered under the 1933 Act and therefore may not be resold without compliance with the 1933 Act. The TSII Stock to be acquired by the COMPANY STOCKHOLDERS pursuant to this Agreement is being acquired solely for its their own account, for investment purposes only, and with no present intention of distributing, selling or otherwise disposing of it in connection with a distribution.

Appears in 2 contracts

Samples: Agreement and Plan of Organization (Travel Services International Inc), Agreement and Plan of Organization (Travel Services International Inc)

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