Common use of No Reliance on Tax Advice Clause in Contracts

No Reliance on Tax Advice. Subscriber and each Investor have reviewed with his, her or its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. Subscriber and each Investor are relying solely on such advisors and not on any statements or representations of the Company or any of their agents and understands that Subscriber (and not the Company) shall be responsible for the Subscriber's or Investor's own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Securities Subscription Agreement (Spintek Gaming Technologies Inc \Ca\), Securities Subscription Agreement (Spintek Gaming Technologies Inc \Ca\)

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No Reliance on Tax Advice. Subscriber and each Investor have has reviewed with his, his or her or its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. Subscriber and each Investor are is relying solely on such advisors and not on any statements or representations of the Company or any of their its agents and understands that Subscriber (and not the Company) shall be responsible for the Subscriber's or Investor's own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Subscription Agreement (Crown Laboratories Inc /De/)

No Reliance on Tax Advice. The Subscriber and each Investor have has reviewed with his, her or its own tax advisors the foreign, U.S. federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreementagreement. The Subscriber and each Investor are is relying solely on such its advisors and not on any statements or representations of the Company or any of their its agents with respect to the tax consequences and understands that the Subscriber (and not the Company) shall be is responsible for the Subscriber's or Investor's own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreementagreement.

Appears in 1 contract

Samples: Regulation S Subscription Agreement (Levin Textiles Int)

No Reliance on Tax Advice. Subscriber and each Investor have has reviewed with his, her or its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. Subscriber and each Investor are is relying solely on an such advisors and not on any statements or representations of the Company or any of their its agents and understands that Subscriber (and not the Company) shall be responsible for the Subscriber's or Investor's own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Securities Subscription Agreement (Lasergate Systems Inc)

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No Reliance on Tax Advice. The Subscriber and each Investor have has reviewed with his, her or its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. The Subscriber and each Investor are is relying solely on such advisors and not on any statements or representations of the Company or any of their its agents and understands that the Subscriber (and not the Company) shall be responsible for the Subscriber's or Investor's own income tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Securities Subscription Agreement (Bodisen Biotech, Inc)

No Reliance on Tax Advice. Each Subscriber and each Investor have has reviewed with his, her ------------------------- or its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. Each Subscriber and each Investor are is relying solely on such advisors and not on any statements or representations of the Company or any of their its agents and understands that such Subscriber (and not the Company) shall be responsible for the Subscriber's or Investor's own income tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Securities Subscription Agreement (Silverado Foods Inc)

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