Fiduciary Obligations. The Company hereby represents that it intends to use the proceeds of the Notes primarily for the operations of its business and not for any personal, family, or household purpose. The Company hereby represents that its board of directors, in the exercise of its fiduciary duty, has approved the execution of this Agreement based upon a reasonable belief that the loan provided for herein is appropriate for the Company after reasonable inquiry concerning its financial objectives and financial situation.
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Samples: Note (Elite Data Services, Inc.), Note (SGOCO Group, Ltd.), Convertible Note Agreement (Blue Water Global Group, Inc.)
Fiduciary Obligations. The Company hereby represents that it intends to use the proceeds of the Notes Note primarily for the operations of its business and not for any personal, family, or household purpose. purpose The Company hereby represents that its board of directors, in the exercise of its fiduciary duty, has approved the execution of this Agreement based upon a reasonable belief that the loan proceeds of the Note provided for herein is appropriate for the Company after reasonable inquiry concerning its financial objectives and financial situation.
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Samples: Convertible Note (Bemax, Inc.), Convertible Promissory Note (Bemax, Inc.), Convertible Note Agreement (Bemax, Inc.)
Fiduciary Obligations. The Company hereby represents that it intends to use the proceeds of the Notes Note primarily for the operations of its business and not for any personal, family, or household purpose. The Company hereby represents that its board of directors, in the exercise of its fiduciary duty, has approved the execution of this Agreement based upon a reasonable belief that the loan proceeds of the Note provided for herein is appropriate for the Company after reasonable inquiry concerning its financial objectives and financial situation.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Bemax, Inc.), Note Agreement (XLI Technologies, Inc.)
Fiduciary Obligations. The Company hereby represents that it intends to use the proceeds of the Notes Note primarily for the operations of its business and not for any personal, family, or household purpose. The Company hereby represents that its board of directors, in the exercise of its fiduciary duty, has approved the execution of this Agreement based upon L1pon a reasonable belief that the loan proceeds of the Note provided for herein is appropriate for the Company after reasonable inquiry concerning its financial objectives and financial situation.. d.
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Samples: Convertible Note Agreement (Clean Energy Technologies, Inc.)
Fiduciary Obligations. The Company hereby represents that it intends to use the proceeds usetheproceeds of the Notes Note primarily for the operations of its business and not for any personal, family, or household purpose. The Company hereby represents that its board of directors, in the inthe exercise of its fiduciary duty, has approved the execution of this Agreement based upon a reasonable belief that the loan proceeds of the Note provided for herein is appropriate for the Company after reasonable inquiry concerning its financial objectives and financial situation.
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Fiduciary Obligations. The Company hereby represents that it intends to use the proceeds of the Notes Note primarily for the operations of its business and not for any personal, family, or household purpose. The Company hereby represents that its board of directors, in the exercise of its fiduciary duty, has approved the execution of this Agreement based upon a reasonable belief that the loan provided for herein is appropriate for the Company after reasonable inquiry concerning its financial objectives and financial situation.
Appears in 1 contract
Samples: Note (Brazil Minerals, Inc.)
Fiduciary Obligations. The Company hereby represents that it intends tends to use the proceeds of the Notes primarily for the operations of its business and not for any personal, family, or household purpose. The Company hereby represents that its board of directors, in . In the exercise of its fiduciary duty, has approved the execution of this Agreement based upon a reasonable belief that the loan provided for herein is appropriate for the Company after reasonable inquiry concerning its financial objectives and financial situation.
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