Common use of Reliance Upon Investors' Representations Clause in Contracts

Reliance Upon Investors' Representations. Investor understands that the Securities have not been registered under the Act on the grounds that the sale provided for in this Agreement and the issuance of Securities hereunder is exempt from registration under the Act pursuant to Section 4(2) thereof, and that the Company’s reliance on such exemption is predicated on the Investor’s representations set forth herein. Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Investor has no such intention.

Reliance Upon Investors' Representations. Such Investor understands that the Securities have Notes and the Warrants are not, and any capital stock acquired on exercise thereof at the time of issuance may not been be, registered under the Securities Act on the grounds ground that the sale provided for in this Agreement and the issuance of Securities securities hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, and that the Company’s reliance on such exemption is predicated based on the Investor’s Investors’ representations set forth herein. Such Investor realizes that the basis for the such exemption may not be present if, notwithstanding such representations, the such Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Such Investor has no such intention.

Reliance Upon Investors' Representations. The Investor understands that the issuance and sale of the Securities have to it will not been be registered under the Securities Act on the grounds ground that the such issuance and sale provided for in this Agreement and the issuance of Securities hereunder is will be exempt from registration under the Securities Act pursuant to Section section 4(2) thereof, and that the Company’s reliance on such exemption is predicated based on the each Investor’s representations set forth herein. The Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the any Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Such Investor has no such present intention.

Reliance Upon Investors' Representations. The Investor understands that the Securities have Shares might not been be registered under the Securities Act on the grounds ground that the sale provided for in this Agreement and the issuance of Securities hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, and that the Company’s reliance on such exemption is predicated on the Investor’s representations set forth herein. The Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the Investor has in mind merely acquiring shares of the Securities Shares for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. The Investor has no such intention.

Reliance Upon Investors' Representations. Each Investor understands that the issuance of the Securities have may not been be registered under the Securities Act on the grounds ground that the sale provided for in this Agreement and the issuance of the Securities hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, thereof and that the Company’s 's reliance on such exemption is predicated on the Investor’s Investors' representations set forth herein. Each Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. No Investor has no any such intention.

Reliance Upon Investors' Representations. Such Investor understands that the Securities have Notes are not, and any capital stock acquired on conversion thereof at the time of issuance may not been be, registered under the Securities Act on the grounds ground that the sale provided for in this Agreement and the issuance of Securities securities hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, and that the Company’s reliance on such exemption is predicated based on the Investor’s Investors’ representations set forth herein. Such Investor realizes that the basis for the such exemption may not be present if, notwithstanding such representations, the such Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Such Investor has no such intention.

Reliance Upon Investors' Representations. Investor understands that the Securities have not been registered under the Act on the grounds that the sale provided for in this Agreement and the issuance of Securities hereunder is exempt from registration under the Act pursuant to Section 4(2) thereof, and that the Company’s 's reliance on such exemption is predicated on the Investor’s 's representations set forth herein. Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Investor has no such intention.

Reliance Upon Investors' Representations. The Investor understands that none of the Securities have not been are registered under the Act Securities Act, on the grounds ground that the sale provided for in this Agreement and the issuance of the Securities hereunder is exempt from registration under the Act pursuant to Section 4(2) thereofregistration, and that the Company’s 's reliance on such exemption is predicated on the Investor’s Investors' representations set forth herein. The Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. The Investor has no such intention.

Reliance Upon Investors' Representations. Investor understands that the Securities have not been registered under the Act on the grounds that the sale provided for in this Agreement and the issuance of Securities hereunder is exempt from registration under the Act pursuant to Section 4(2) thereof, and that the Company’s reliance on such exemption is predicated on the Investor’s representations set forth herein. Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Investor has no such intention.

Reliance Upon Investors' Representations. Such Investor understands that the Securities have Purchase Shares are not, and the Warrant Shares at the time of issuance may not been be, registered under the Securities Act on the grounds ground that the sale provided for in this Agreement and the issuance of Securities securities hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, and that the Company’s reliance on such exemption is predicated based on the Investor’s Investors’ representations set forth herein. Such Investor realizes that the basis for the such exemption may not be present if, notwithstanding such representations, the such Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Such Investor has no such intention.

Reliance Upon Investors' Representations. The Investor understands that the Securities have issuance and sale of the Shares to it will not been be registered under the Securities Act on the grounds ground that the such issuance and sale provided for in this Agreement and the issuance of Securities hereunder is will be exempt from registration under the Securities Act pursuant to Section section 4(2) thereof, and that the Company’s 's reliance on such exemption is predicated based on the each Investor’s 's representations set forth herein. The Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the any Investor has in mind merely acquiring shares of the Securities securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Such Investor has no such present intention.

Reliance Upon Investors' Representations. Such Investor understands that the Securities have Notes are not, and any capital stock acquired on conversion or exercise thereof at the time of issuance may not been be, registered under the Securities Act on the grounds ground that the sale provided for in this Agreement and the issuance of Securities securities hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, and that the Company’s reliance on such exemption is predicated based on the Investor’s Investors’ representations set forth herein. Such Investor realizes that the basis for the such exemption may not be present if, notwithstanding such representations, the such Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Such Investor has no such intention.

Reliance Upon Investors' Representations. Investor understands that the Securities have Shares are not been registered under the Securities Act on the grounds ground that the sale provided for in this Agreement and the issuance of Securities Shares hereunder is exempt from registration under the Securities Act pursuant to Section section 4(2) thereofthereof and/or Regulation D thereunder, and that the Company’s reliance on such exemption is predicated based on the Investor’s representations set forth herein. Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the Investor has in mind merely acquiring shares of purchasing the Securities Shares for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. Investor has no does not have any such intention.

Reliance Upon Investors' Representations. The Investor understands that the Securities have are not been registered under the Securities Act on the grounds that the sale provided for in this Agreement and the issuance of Securities securities hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, and that the Company’s 's reliance on such exemption is predicated on the Investor’s Investors' representations set forth herein. The Investor realizes that the basis for the exemption may not be present if, notwithstanding such representations, the Investor has in mind merely acquiring shares of the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. The Investor has no such intention.