Common use of Reliance Upon Purchaser’s Representations Clause in Contracts

Reliance Upon Purchaser’s Representations. The Purchaser understands that the issuance and sale of the Note to it and the issuance of Common Stock to the Purchaser in the event of conversion of the Note will not be registered under the Securities Act on the ground that such issuance and sale will be exempt from registration under the Securities Act pursuant to Regulation D promulgated under the Securities Act and/or Section 4(2) of the Securities Act, and that the Company’s reliance on such exemptions is based on the Purchaser’s representations set forth herein.

Appears in 1 contract

Samples: Stock Purchase Agreement (Avistar Communications Corp)

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Reliance Upon Purchaser’s Representations. The Purchaser understands that the issuance and sale of the Note Notes to it and the issuance of Common Stock to the Purchaser in the event of conversion of the Note Notes will not be registered under the Securities Act on the ground that such issuance and sale will be exempt from registration under the Securities Act pursuant to Regulation D promulgated under the Securities Act and/or Section 4(24(a)(2) of the Securities Act, and that the Company’s reliance on such exemptions is based on the Purchaser’s representations set forth herein.

Appears in 1 contract

Samples: Convertible Note Purchase and Credit Facility Agreement (Aehr Test Systems)

Reliance Upon Purchaser’s Representations. The Such Purchaser understands that the issuance and sale of the Note to it and the issuance of Common Stock to the Purchaser in the event of conversion of the Note will not be registered under the Securities Act on the ground that such issuance and sale will be exempt from registration under the Securities Act pursuant to Regulation D promulgated under the Securities Act and/or Section 4(2) of the Securities Act, and that the Company’s reliance on such exemptions is based on the such Purchaser’s representations set forth herein.

Appears in 1 contract

Samples: Convertible Note Purchase Agreement (Avistar Communications Corp)

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Reliance Upon Purchaser’s Representations. The Purchaser understands that the issuance and sale of the Note Notes to it and the issuance of Common Stock common stock to the Purchaser in the event of conversion of the Note Notes will not be registered under the Securities Act on the ground that such issuance and sale will be exempt from registration under the Securities Act pursuant to Regulation D promulgated under the Securities Act and/or Section 4(24(a)(2) of the Securities Act, and that the Company’s reliance on such exemptions is based on the Purchaser’s representations set forth herein.

Appears in 1 contract

Samples: Note Purchase Agreement (ReachLocal Inc)

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