Reliance Upon Representations, Warranties, Covenants and Acknowledgements. The Subscriber acknowledges that the foregoing representations, warranties, covenants and acknowledgements are made by it with the intent that they may be relied upon by the Funds, the Manager and their counsel in determining the eligibility of the Subscriber to purchase the Securities under the applicable securities laws. The Funds, Manager and their counsel shall be entitled to rely on the representations, warranties, covenants and acknowledgements of the Subscriber contained herein, and the Subscriber shall indemnify and hold harmless the Funds, the Manager and its counsel for any losses, claims, costs, expenses, damages or liabilities they may suffer or incur which are caused by or arise from, directly or indirectly, their reliance thereon.
Reliance Upon Representations, Warranties, Covenants and Acknowledgements. The Subscriber acknowledges that the foregoing representations, warranties, covenants and acknowledgements are made by it with the intent that they may be relied upon by the Corporation and its counsel in determining the eligibility of the Subscriber to purchase the Preferred Shares under the applicable securities laws and the application of certain tax laws to the Corporation, and in particular the status of the Corporation as a “mortgage investment corporation” for the purposes of the Income Tax Act (Canada). The Corporation and its counsel shall be entitled to rely on the representations, warranties, covenants and acknowledgements of the Subscriber contained herein, and the Subscriber shall indemnify and hold harmless the Corporation, the Administrator and its counsel for any losses, claims, costs, expenses, damages or liabilities they may suffer or incur which are caused by or arise from, directly or indirectly, their reliance thereon. For greater certainty, the parties hereby acknowledge and agree that if the Subscriber is acting as agent or trustee on behalf of a beneficial purchaser, the words “Subscriber”, “it” or “its” whenever used in relation to representations, warranties, covenants, acknowledgements and indemnities of the Subscriber mean the Subscriber and, unless the context otherwise requires, such beneficial purchaser.
Reliance Upon Representations, Warranties, Covenants and Acknowledgements. The Creditor acknowledges that the representations, warranties, covenants and acknowledgements contained in this Debenture are made by the Creditor with the intent that they may be relied upon by the Corporation and its legal counsel. The Creditor covenants with the Corporation that such representations, warranties, covenants and acknowledgements will be true at the time of execution of this Debenture, at the date of drawdown hereunder and at each Conversion Date, and will continue in full force and effect and be binding upon the Creditor notwithstanding any conversion of the Debenture or subsequent disposition of the Securities.
Reliance Upon Representations, Warranties, Covenants and Acknowledgements. The Subscriber acknowledges that the representations, warranties, covenants and acknowledgements contained in this Agreement are made by the Subscriber with the intent that they may be relied upon by the Corporation and its legal counsel. The Subscriber covenants with the Corporation that such representations, warranties, covenants and acknowledgements will be true at the time of execution of this Agreement and at the Closing, and will continue in full force and effect and be binding upon the Subscriber notwithstanding any subsequent disposition of the Shares, the Warrants or the Warrant Shares. The Corporation acknowledges that the representations, warranties, covenants and acknowledgements contained in this Agreement are made by the Corporation with the intent that they may be relied upon by the Subscriber and its legal counsel. The Corporation covenants with the Subscriber that such representations, warranties, covenants and acknowledgements will be true at the time of execution of this Agreement and at the Closing.
