Common use of Purchaser Clause in Contracts

Purchaser. The Placement Agent has made such reasonable inquiry as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 18 contracts

Samples: Placement Agreement (Coast Bancorp/Ca), Placement Agreement (Merchants Bancshares Inc), Placement Agreement (Penn America Group Inc)

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Purchaser. The Placement Agent has made such reasonable inquiry as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, except as contemplated in Section 7.8 hereto, and that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 15 contracts

Samples: Placement Agreement (Sterling Financial Corp /Pa/), Placement Agreement (Community Bancorp /Vt), Placement Agreement (Community Bancorp /Vt)

Purchaser. The Placement Agent has made such reasonable inquiry as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 4 contracts

Samples: Placement Agreement (United Bancshares Inc/Oh), Placement Agreement (Sterling Financial Corp /Pa/), Placement Agreement (Hudson United Bancorp)

Purchaser. The Placement Agent has made such reasonable inquiry as is --------- necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 4 contracts

Samples: Placement Agreement (Florida Banks Inc), Placement Agreement (Florida Banks Inc), Placement Agreement (Community Capital Bancshares Inc)

Purchaser. The Placement Agent has made such reasonable inquiry --------- as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, except as contemplated in Section 7.8 hereto, and that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 2 contracts

Samples: Placement Agreement (First Banks, Inc), Placement Agreement (First Banks, Inc)

Purchaser. The Placement Agent has made such reasonable inquiry as is necessary to determine a determination that the Purchaser is acquiring the Capital Securities for its own account, account and that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, laws and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 2 contracts

Samples: Placement Agreement (Redwood Empire Bancorp), Placement Agreement (MCB Financial Corp)

Purchaser. The Placement Agent has made such reasonable inquiry as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, except as contemplated in Section 7.8 hereto, that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 2 contracts

Samples: Placement Agreement (Capstead Mortgage Corp), Placement Agreement (Capstead Mortgage Corp)

Purchaser. The Placement Agent has made such reasonable inquiry as --------- is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 2 contracts

Samples: Placement Agreement (Community Capital Bancshares Inc), Placement Agreement (Parke Bancorp, Inc.)

Purchaser. The Each Placement Agent has made such reasonable inquiry as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 2 contracts

Samples: Placement Agreement (Pxre Group LTD), Placement Agreement (Pxre Group LTD)

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Purchaser. The Placement Agent has made such reasonable inquiry as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.Regulation S.

Appears in 1 contract

Samples: Placement Agreement (KMG America CORP)

Purchaser. The Placement Agent has made such reasonable inquiry as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, except as contemplated under the Transfer Notice (as defined in Section 7.8 herein), and that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 1 contract

Samples: Placement Agreement (American Safety Insurance Holdings LTD)

Purchaser. The Placement Agent has made such reasonable inquiry as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, except as contemplated under the Call Option (as defined in Section 7.8 herein), and that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 1 contract

Samples: Placement Agreement (Redwood Empire Bancorp)

Purchaser. The Placement Agent has made such reasonable inquiry as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, except as contemplated under the Transfer Notice (as defined in Section 7.7 herein), that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 1 contract

Samples: Placement Agreement (Tower Group, Inc.)

Purchaser. The Placement Agent has made such reasonable inquiry --------- as is necessary to determine that the Purchaser is acquiring the Capital Securities for its own account, that the Purchaser does not intend to distribute the Capital Securities in contravention of the Securities Act or any other applicable securities laws, and that the Purchaser is not a "U.S. person" as that term is defined under Rule 902 of the Securities Act.

Appears in 1 contract

Samples: Placement Agreement (First Banks, Inc)

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