Common use of Purchaser Representation Clause in Contracts

Purchaser Representation. Purchaser understands that the Securities are “restricted securities” and have not been registered or qualified, as the case may be, under the Securities Act or any applicable state securities law by reason of a specific exemption from the registration or qualification provisions of the Securities Act or any applicable state securities laws, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of Purchaser’s representations as expressed herein. Purchaser represents that it is acquiring the Securities for investment as principal for its own account and not with a view to or for distribution or resale of such Securities or any part thereof, has no present intention of distributing any of such Securities and has no arrangement or understanding with any other persons regarding the distribution of such Securities (this representation and warranty not limiting Purchaser’s right to sell the Securities pursuant to a Registration Statement or otherwise in compliance with applicable federal and state securities laws). Purchaser is acquiring the Securities hereunder in the ordinary course of its business. Purchaser does not have any agreement or understanding, directly or indirectly, with any Person to distribute any of the Securities.

Purchaser Representation. Purchaser understands that the Securities are “"restricted securities” " and have not been registered or qualified, as the case may be, under the Securities Act or any applicable state securities law by reason of a specific exemption from the registration or qualification provisions of the Securities Act or any applicable state securities laws, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of Purchaser’s 's representations as expressed herein. Purchaser represents that it is acquiring the Securities for investment as principal for its own account and not with a view to or for distribution or resale of such Securities or any part thereof, has no present intention of distributing any of such Securities and has no arrangement or understanding with any other persons regarding the distribution of such Securities (this representation and warranty not limiting Purchaser’s 's right to sell the Securities pursuant to a Registration Statement or otherwise in compliance with applicable federal and state securities laws). Purchaser is acquiring the Securities hereunder in the ordinary course of its business. Purchaser does not have any agreement or understanding, directly or indirectly, with any Person to distribute any of the Securities.