Common use of Reliance Upon Representations, Warranties and Covenants Clause in Contracts

Reliance Upon Representations, Warranties and Covenants. The Purchaser acknowledges that the representations, warranties and covenants contained in this Subscription Agreement are being relied upon by the Company to, among other things, determine the Purchaser's eligibility to purchase the Common Shares and the Purchaser hereby agrees to indemnify the Company against all losses, claims, costs, expenses and damages or liabilities which the Company may suffer or incur which are caused by or arise from, directly or indirectly, its reliance thereon. The Purchaser further agrees that by accepting the Common Shares the Purchaser shall be representing and warranting that the foregoing representations and warranties are true as at the date of issuance of the Common Shares with the same force and effect as if they had been made by the Purchaser on such date and that they shall survive the purchase by the Purchaser of the Common Shares and shall continue in full force and effect notwithstanding any subsequent disposition by the Purchaser of the Common Shares until their expiry on the third anniversary of the Closing.

Appears in 2 contracts

Samples: Subscription Agreement (Delano Technology Corp), Subscription Agreement (Delano Technology Corp)

AutoNDA by SimpleDocs

Reliance Upon Representations, Warranties and Covenants. 8.1 The Purchaser Subscriber acknowledges that the representations, representations and warranties and covenants and acknowledgements contained in this Subscription Agreement are being made with the intent that they may be relied upon by the Company to, among other things, determine Corporation in determining the PurchaserSubscriber's eligibility to purchase the Common Shares Subscription Receipts and the Purchaser Subscriber hereby agrees to indemnify the Company Corporation against all losses, claims, costs, expenses and damages or liabilities which the Company it may suffer or incur which are caused by or arise from, directly or indirectly, arising from its reliance thereon. The Purchaser Subscriber further agrees that by accepting the Common Shares Subscription Receipts the Purchaser Subscriber shall be representing and warranting that the foregoing representations and warranties are true as at the date of issuance of the Common Shares AERA Closing with the same force and effect as if they had been made by the Purchaser Subscriber on such the date of AERA Closing and that they shall survive the purchase by the Purchaser Subscriber of the Common Shares Subscription Receipts and shall continue in full force and effect notwithstanding any subsequent disposition by the Purchaser Subscriber of any of the Common Shares until their expiry on the third anniversary of the ClosingSecurities.

Appears in 2 contracts

Samples: Pacific Energy Resources LTD, Pacific Energy Resources LTD

Reliance Upon Representations, Warranties and Covenants. The Purchaser acknowledges that the representations, representations and warranties and covenants contained in this Subscription Agreement are being made with the intent that they may be relied upon by the Company Underwriter, the Selling Securityholders and the Corporation and their respective counsel to, among other things, determine its eligibility or (if applicable) the Purchaser's eligibility of others on whose behalf it is contracting hereunder to purchase the Common Shares and the Purchaser hereby agrees to indemnify the Company against all losses, claims, costs, expenses and damages or liabilities which the Company may suffer or incur which are caused by or arise from, directly or indirectly, its reliance thereonPurchased Warrants. The Purchaser further agrees that by accepting the Common Shares Purchased Warrants, the Purchaser shall be representing and warranting that the foregoing representations and warranties are true as at the date of issuance of the Common Shares Closing Time with the same force and effect as if they had been made by the Purchaser on such date at the Closing Time and that they shall survive the purchase by the Purchaser of the Common Shares Purchased Warrants and shall continue in full force and effect notwithstanding any subsequent disposition by the Purchaser it of the Common Shares until their expiry on Purchased Warrants or the third anniversary of Subject Securities, as the Closingcase may be.

Appears in 2 contracts

Samples: Subscription and Purchase Agreement (Bid Com International Inc), Bid Com International Inc

Reliance Upon Representations, Warranties and Covenants. The Purchaser Company acknowledges that the representations, warranties and covenants contained in this Subscription Agreement are being relied upon by the Company Purchaser to, among other things, determine whether the Purchaser's eligibility to purchase Purchaser will subscribe for the Common Shares and the Purchaser Company hereby agrees to indemnify the Company Purchaser against all losses, claims, costs, expenses and damages or liabilities which the Company Purchaser may suffer or incur which are caused by or arise from, directly or indirectly, its reliance thereon. The Purchaser Company further agrees that by accepting selling the Common Shares the Purchaser Company shall be representing and warranting that the foregoing representations and warranties warrants are true as at the date of issuance of the Common Shares with the same force and effect as if they had been made by the Purchaser Company on such date and that they shall survive the purchase by the Purchaser of the Common Shares and shall continue in full force and effect notwithstanding any subsequent disposition by the Purchaser of the Common Shares until their expiry on the third anniversary of the Closing.

Appears in 2 contracts

Samples: Subscription Agreement (Delano Technology Corp), Subscription Agreement (Delano Technology Corp)

AutoNDA by SimpleDocs

Reliance Upon Representations, Warranties and Covenants. 8.1 The Purchaser Subscriber acknowledges that the representations, representations and warranties and covenants and acknowledgments contained in this Subscription Agreement are being made with the intent that they may be relied upon by the Company to, among other things, determine Corporation in determining the PurchaserSubscriber's eligibility to purchase the Common Shares Securities and the Purchaser Subscriber hereby agrees to indemnify the Company Corporation against all losses, claims, costs, expenses and damages or liabilities which the Company it may suffer or incur which are caused by or arise from, directly or indirectly, arising from its reliance thereon. The Purchaser Subscriber further agrees that by accepting the Common Shares Securities the Purchaser Subscriber shall be representing and warranting that the foregoing representations and warranties are true as at the date of issuance Closing and as at the dates of exercise of the Common Shares Warrants, with the same force and effect as if they had been made by the Purchaser Subscriber on each such date date, and that they shall survive the purchase by the Purchaser Subscriber of the Common Shares Securities and shall continue in full force and effect notwithstanding any subsequent disposition by the Purchaser Subscriber of any of the Common Shares until their expiry on the third anniversary of the ClosingSecurities.

Appears in 1 contract

Samples: Pacific Energy Resources LTD

Time is Money Join Law Insider Premium to draft better contracts faster.