Common use of Holder's Investment Representation Clause in Contracts

Holder's Investment Representation. Holder understands that the purchase and sale of the subject Debentures have not been registered under the Securities Act or applicable state securities laws on the basis that the purchase and sale of the Dentures are exempt from such registration under the Securities Act and Securities Laws based in part upon the representations made herein. Holder, thereby, represents that he does not intend to resell or otherwise dispose of the shares being purchased and sold hereby. Holder, further represents that he is acquiring the Debentures for investment purposes only and for his own account, not on behalf of others, and not with a view to resell or otherwise to distribute the purchased shares, and the Holder will not sell or otherwise distribute the purchased shares without registration under the Securities Act and applicable Securities Laws or pursuant to applicable exceptions therefrom. The Holder represents that he will not attempt to sell or otherwise distribute his Debentures, except in compliance with the anti-fraud, registration and any of the material provisions of the Securities Act and applicable Securities Law. A legend will be placed on the certificate evidencing the Debenture to the effect that such shares have not been registered under the Securities Act or applicable Securities Laws and that the Purchased Shares may not be resold unless they are registered under the Securities Act and Securities Laws or pursuant to applicable exemptions therefrom.