Common use of Lender Representations Clause in Contracts

Lender Representations. Lender hereby represents that it is an “accredited investor” (as defined in 17 CFR 230.501 (a) subsection 8). Lender further represents that Lender has not been formed for the purpose of making this investment, that Lender is acquiring the promissory note(s), warrants, and securities herein for its own account and for investment purposes only and has no present intention, agreement, or arrangement for the distribution, transfer, assignment, resale, or subdivision thereof. Lender further agrees that it will not distribute, transfer, assign, sell, or by any other means transfer ownership of, or any rights to, the promissory note(s) without prior approval of the Companies.

Lender Representations. Lender hereby represents that it is an “accredited investoraccredited” investor and Lender (as defined in 17 CFR 230.501 (a) subsection 8)8. Lender further represents that Lender has not been formed for the purpose of making this investment, that Lender is acquiring the promissory note(s), warrants, warrants and securities herein therein for its own account and for investment purposes only and has no present intention, agreement, agreement or arrangement for the distribution, transfer, assignment, resale, resale or subdivision thereof. Lender further agrees that it will not distribute, transfer, assign, sell, or by any other means transfer ownership of, or any rights to, the promissory note(s) without prior approval of the Companies.