Common use of RULE 506 Clause in Contracts

RULE 506. (d). If a Purchaser beneficially owns twenty percent (20%) or more of the outstanding voting securities of the Company, calculated in accordance with Rule 506(d) of Regulation D of the Act, or may designate a director of the Company, such Purchaser hereby represents and warrants to the Company that he or it has not been convicted of any of the felonies or misdemeanors or been subject to any of the orders, judgments, decrees or other conditions set forth in Rule 506(d) of Regulation D of the Act.

Appears in 2 contracts

Samples: Convertible Note Purchase Agreement (Gi Dynamics, Inc.), Convertible Note Purchase Agreement (Gi Dynamics, Inc.)

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RULE 506. (d). If a the Purchaser beneficially owns twenty percent (20%) or more of the outstanding voting securities of the Company, calculated in accordance with Rule 506(d) of Regulation D of the Act, or may designate a director of the Company, such the Purchaser hereby represents and warrants to the Company that he or it the Purchaser has not been convicted of any of the felonies or misdemeanors or been subject to any of the orders, judgments, decrees or other conditions set forth in Rule 506(d) of Regulation D of the Act.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Gi Dynamics, Inc.), Note Purchase Agreement (Gi Dynamics, Inc.)

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