Purchasing as Principal Sample Clauses
The 'Purchasing as Principal' clause establishes that the buyer is acting on its own behalf, rather than as an agent or intermediary for another party, when entering into a purchase agreement. This means the buyer assumes full responsibility for the obligations and rights under the contract, and the seller deals directly with the buyer as the principal party. For example, the buyer cannot later claim to have been acting for a third party or attempt to transfer contractual duties to another entity without consent. The core function of this clause is to ensure clarity and certainty regarding the parties' identities and responsibilities, thereby reducing the risk of disputes over agency or undisclosed principals.
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Purchasing as Principal. Unless paragraph (o) below applies, the Purchaser is purchasing the Shares and Warrants as principal (within the meaning of applicable securities laws) for its own account, and not for the benefit of any other person;
Purchasing as Principal. Such Purchaser is subscribing for the Shares as principal for its own account and not for the benefit of any other Person. The Company acknowledges and agrees that the representations contained in this Section 3.2 shall not modify, amend or affect such Purchaser’s right to rely on the Company’s representations and warranties contained in this Agreement or any representations and warranties contained in any other document or instrument executed and/or delivered in connection with this Agreement or the consummation of the transaction contemplated hereby.
Purchasing as Principal. Unless paragraph (f) or (g) below applies, the Purchaser is purchasing the Class F Units as principal for its own account, and not for the benefit of any other person, and it is an “accredited investor”, as such term is defined in NI 45-106 or, in Ontario, in Section 73.3 of the Securities Act (Ontario), it was not created and is not being used solely to purchase or hold securities as an “accredited investor” described in paragraph (m) of the definition of “accredited investor” as defined in NI 45-106 or, in Ontario, in Section 73.3 of the Securities Act (Ontario), and has initialled in Exhibit 1 of Schedule A attached hereto indicating that the Purchaser satisfies, (and will satisfy during the Investment Period), one of the categories of “accredited investor” set forth therein;
Purchasing as Principal. Except as provided in subsection 7(f) hereof, the Subscriber is purchasing the Flow-Through Shares as principal (as defined in all applicable Securities Laws) for its own account, and not for the benefit of any other person;
Purchasing as Principal. The Subscriber represents and warrants that the Securities are not being purchased with a view to resale or distribution in contravention of applicable securities laws or as part of a series of transactions involving further purchases and sales of the Securities and:
(a) the Securities are being purchased by the Subscriber as principal for its own account and not for the benefit of any other person or the Subscriber is deemed to be purchasing as principal under section 2.3 of NI 45-106 by virtue of being a trust company or trust corporation described in paragraph (p) of, or by virtue of being a person described in paragraph (q) of, the definition "accredited investor" in section 1.1 of NI 45-106; or
(b) the Securities are being purchased by the Subscriber as agent for the principal disclosed on page 1 of this Agreement and the Subscriber is not deemed to be purchasing as principal under section 2.3 of NI 45-106 by virtue of being a trust company or trust corporation described in paragraph (p) of, or by virtue of being a person described in paragraph (q) of, the definition "accredited investor" in section 1.1 of NI 45-106, and the Securities are being acquired by such principal as principal, the Subscriber is the principal's agent with proper authority to execute all documents in connection with this purchase on behalf of such principal and the representations, warranties, acknowledgements and covenants of the Subscriber herein (including any Schedules hereto), excluding this paragraph (b), are also hereby given with respect to such principal, except that representations with respect to the Subscriber's residential address are deemed to be references to the disclosed address of the disclosed principal on page 1 of this Agreement.
Purchasing as Principal. It is purchasing the Shares as principal for its own account, not for the benefit of any other person, for investment only, and not with a view to the resale or distribution of all or any of the Shares and, unless paragraph (f) or subparagraph (h)(iv) applies, or unless the transaction contemplated by this Agreement is exempted by an order of the securities commission or similar regulatory authority of the province in which it resides:
(i) the Subscriber is an "accredited investor" (as that term is as defined in National Instrument 45-106 - Prospectus and Registration Exemptions), has not been created or used solely to purchase or hold the Shares as an accredited investor, and has completed and executed the Certification of Accredited Investor attached hereto as Schedule B and hereby confirms the truth and accuracy of all statements made therein by the Subscriber; or
(ii) the Shares have an acquisition cost to the Subscriber of not less than $150,000 which will be paid in cash on Closing;
Purchasing as Principal. The Subscriber is purchasing the Subscription Receipts as principal for the Subscriber’s own account and not for the benefit of any other person. The Subscriber is purchasing the Subscription Receipts for investment only and not with a view to the resale or distribution of any of the Subscription Receipts.
Purchasing as Principal. The Investor is purchasing the Note as principal for its own account, and not for the benefit of any other person and for investment only and not with a view to resale or distribution.
Purchasing as Principal. The Subscriber represents and warrants that the Securities are not being purchased with a view to resale or distribution in contravention of applicable securities laws or as part of a series of transactions involving further purchases and sales of the Securities and the Securities are being purchased by the Subscriber as principal for its own account and not for the benefit of any other person.
Purchasing as Principal. The Investor is purchasing the Units as principal for its own account and not for the benefit of any other person or is deemed under the Securities Laws to be purchasing the Units as principal.