Common use of Financial Suitability Clause in Contracts

Financial Suitability. The Subscriber understands that he or she or it may be unable to liquidate the Securities and that its ability to transfer the Common Shares is limited. The Subscriber’s overall commitment to investments, which are not readily marketable, is not disproportionate to Subscriber’s net worth, and the investment in the Securities will not cause the Subscriber’s overall investment in illiquid high-risk investments to become excessive in proportion to Subscriber’s assets, liabilities and living standards. The Subscriber can bear the economic risk of an investment in the Securities for an indefinite period of time and can bear a loss of the entire investment in the Securities without financial hardship or a change in its living conditions.

Appears in 2 contracts

Samples: Subscription Agreement (Upay), Subscription Agreement (Upay)

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Financial Suitability. The Subscriber understands that he or she or it may be unable to liquidate the Securities and that its ability to transfer the Common Shares is limited. The Subscriber’s overall commitment to investments, which are not readily marketable, is not disproportionate to Subscriber’s net worth, and the investment in the Securities will not cause the Subscriber’s overall investment in illiquid high-risk investments to become excessive in proportion to Subscriber’s assets, liabilities and living standards. The Subscriber can bear the economic risk of an investment in the Securities for an indefinite period of time and can bear a loss of the entire investment in the Securities without financial hardship or a change in its living conditions.

Appears in 2 contracts

Samples: Subscription Agreement, Subscription Agreement (Social Life Network, Inc.)

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Financial Suitability. The Subscriber understands that he or she or it may be unable to liquidate the Securities Common Shares and that its is ability to transfer the Common Shares is limited. The Subscriber’s overall commitment to investments, which are not readily marketable, is not disproportionate to Subscriber’s net worth, and the investment in the Securities Common Shares will not cause the Subscriber’s overall investment in illiquid high-risk investments to become excessive in proportion to Subscriber’s assets, liabilities and living standards. The Subscriber can bear the economic risk of an investment in the Securities Common Shares for an indefinite period of time and can bear a loss of the entire investment in the Securities Common Shares without financial hardship or a change in its living conditions.

Appears in 1 contract

Samples: Subscription Agreement (GreenCell, Inc)

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