Common use of Qualified Institutional Buyer or Accredited Investor Clause in Contracts

Qualified Institutional Buyer or Accredited Investor. It is and will be on the Closing Date (i) a “qualified institutional buyer” as such term is defined in Rule 144A promulgated under the Securities Act or (ii) an institutional “accredited investor” as such term is defined in Rule 501(a) of Regulation D and as contemplated by subsections (1), (2), (3), (7) and (9) of Rule 501(a) of Regulation D.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Quaint Oak Bancorp Inc), Stock Purchase Agreement (Quaint Oak Bancorp Inc)

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Qualified Institutional Buyer or Accredited Investor. It is and will be on the Closing Date (i) a “qualified institutional buyer” as such term is defined in Rule 144A promulgated under the Securities Act or (ii) an institutional “accredited investor” as such term is defined in Rule 501(a) of Regulation D and as contemplated by subsections (1), (2), (3), (7) and (97) of Rule 501(a) of Regulation D.D, and has no less than $5,000,000 in total assets.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Quaint Oak Bancorp Inc)

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Qualified Institutional Buyer or Accredited Investor. It is and will be on the each Closing Date (i) a “qualified institutional buyer” as such term is defined in Rule 144A promulgated under the Securities Act or (ii) an institutional “accredited investor” as such term is defined in Rule 501(a) of Regulation D and as contemplated by subsections (1), (2), (3), (7) and (9) of Rule 501(a) of Regulation D.

Appears in 1 contract

Samples: Stock Purchase Agreement (Quaint Oak Bancorp Inc)

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