No Security Intended. Notwithstanding any representations, warranties, or covenants regarding securities laws, registration, or qualifications for exemptions therefrom, the Parties do not intend for any Tax Credits to constitute a security, derivative, commodity for future delivery, or any other security or financial instrument within the meaning of 12 U.S. Code §1851, and this Agreement shall not be construed to suggest otherwise. No Party to this Agreement is in the business of purchasing Tax Credits for purposes of resale. Seller shall not have any obligation to purchase, repurchase, or otherwise acquire the Tax Credits under any circumstances after they have been acquired by Purchaser.
Appears in 4 contracts
Samples: Tax Credit Transfer Agreement (First Solar, Inc.), Tax Credit Transfer Agreement (First Solar, Inc.), Tax Credit Transfer Agreement (First Solar, Inc.)
