Common use of Investment Status Clause in Contracts

Investment Status. The RPS Securityholder represents that it will receive the Parent Merger Securities for its own account, for investment only and not with a view to, or any present intention of, effecting a distribution of such securities or any part thereof except pursuant to a registration statement or an available exemption under applicable Law. The RPS Securityholder acknowledges that the Parent Merger Securities have not been registered under the Securities Act or the securities laws of any state or other jurisdiction and cannot be disposed of unless they are subsequently registered under the Securities Act and any applicable state Laws or unless an exemption from such registration is available.