Common use of Financial Ability Clause in Contracts

Financial Ability. The Purchaser is financially able to bear the economic risks of an investment in the Corporation and has no need for liquidity in this investment. Furthermore, the financial capacity of the Purchaser is of such a proportion that the total cost of the Purchaser's commitment is not material when compared with his total committed capital. The Purchaser is financially able to suffer a complete loss of this investment.

Appears in 13 contracts

Samples: Stock Purchase Agreement (Redhand International Inc), Stock Purchase Agreement (Centurion Gold Holdings Inc), Stock Purchase Agreement (Centurion Gold Holdings Inc)

AutoNDA by SimpleDocs

Financial Ability. The Purchaser is financially able to bear the economic risks of an investment in the Corporation and has no need for liquidity in this investment. Furthermore, the financial capacity of the Purchaser is of such a proportion that the total cost of the Purchaser's ’s commitment is not material when compared with his total committed capital. The Purchaser is financially able to suffer a complete loss of this investment.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Odyssey Oil & Gas, Inc.), Stock Purchase Agreement (Paprezza Holdings, Inc)

Financial Ability. The Purchaser is financially able to bear the economic risks of an investment in the Corporation and has no need for liquidity in this investment. Furthermore, the financial capacity of the Purchaser is of such a proportion that the total cost of the Purchaser's commitment is not material when compared with his total committed capital. The Purchaser is financially able to suffer a complete loss of this investment. 3.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Centurion Gold Holdings Inc), Stock Purchase Agreement (Centurion Gold Holdings Inc)

Financial Ability. The Purchaser is financially able to bear the economic risks of an investment in the Corporation Corporations and has no need for liquidity in this investment. Furthermore, the financial capacity of the Purchaser is of such a proportion that the total cost of the Purchaser's ’s commitment is not material when compared with his its total committed capital. The Purchaser is financially able to suffer a complete loss of this investment. The Purchaser understands that his investment in the Shares is extremely speculative and involves a high degree of risk.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (Greenhold Group Inc)

Financial Ability. The Purchaser is Purchasers are financially able to bear the economic risks of an investment in the Corporation and has no need for liquidity in this investment. Furthermore, the financial capacity of the Purchaser is Purchasers are of such a proportion that the total cost of the Purchaser's commitment is not material when compared with his their total committed capital. The Purchaser is Purchasers are financially able to suffer a complete loss of this investment.

Appears in 1 contract

Samples: Stock Purchase Agreement (Centurion Gold Holdings Inc)

AutoNDA by SimpleDocs

Financial Ability. The Purchaser is financially able to bear the economic risks of an investment in the Corporation and has no need for liquidity in this investment. Furthermore, the financial capacity of the Purchaser is of such a proportion that the total cost of the Purchaser's Purchaser?s commitment is not material when compared with his total committed capital. The Purchaser is financially able to suffer a complete loss of this investment.

Appears in 1 contract

Samples: Stock Purchase Agreement (Advanced Sports Technologies Inc)

Financial Ability. The Purchaser is Purchasers are financially able to bear the economic risks of an investment in the Corporation and has no need for liquidity in this investment. Furthermore, the financial capacity of the Purchaser is of such a proportion that the total cost of the Purchaser's commitment is not material when compared with his total committed capital. The Purchaser is financially able to suffer a complete loss of this investment.

Appears in 1 contract

Samples: Stock Purchase Agreement (Centurion Gold Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!