Common use of Use of funds for the Shares and Release therefore Clause in Contracts

Use of funds for the Shares and Release therefore. The Subscriber acknowledges and agrees that the Subscription Price funds to be raised from the Shares are to be employed for the business of the Company in accordance with management’s discretion as to the best use of the same for the Company’s business plans. The Company reserves the right at any time to alter its business plans in accordance with management’s appreciation of the market for the goods and services of the Company. Without in any manner limiting the generality of the foregoing, the Subscriber hereby acknowledges and agrees that, in consideration, in part, of the Company’s within Acceptance of this subscription and agreement to issue Shares of the Company consequent thereon, the Subscriber hereby does hereby release, remise and forever discharge each of the Company and its respective directors, officers, employees, solicitors, agents, executors, administrators, successors and assigns, of and from all manner of action and actions, causes of action, suits, debts, dues, accounts, bonds, covenants, contracts, claims, damages and demands, whether known or unknown, suspected or unsuspected and whether at law or in equity, which against either of the Company and/or any of its respective directors, officers, employees, solicitors, agents, executors, administrators, successors and assigns, the Subscriber ever had, now has, or which any of the Subscriber’s respective successors or assigns, or any of them hereafter can, shall or may have by reason of any matter arising from the within use of funds (collectively, the “Release”). The Subscriber shall hold harmless and indemnify the Company from and against, and shall compensate and reimburse the same for, any loss, damage, claim, liability, fee (including reasonable attorneys’ fees), demand, cost or expense (regardless of whether or not such loss, damage, claim, liability, fee, demand, cost or expense relates to a third-party claim) that is directly or indirectly suffered or incurred by the Company, or to which the Company becomes subject, and that arises directly or indirectly from, or relates directly or indirectly to, any inaccuracy in or breach of any representation, warranty, covenant or obligation of the Subscriber contained in this Release and Agreement. This Release is irrevocable and will not terminate in any circumstances.

Appears in 2 contracts

Samples: Subscription Agreement (Denarii Resources Inc.), Subscription Agreement (Denarii Resources Inc.)

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Use of funds for the Shares and Release therefore. The Subscriber acknowledges and agrees that the Subscription Price funds to be raised from the Shares are to be employed for the business of the Company in accordance with management’s 's discretion as to the best use of the same for the Company’s 's business plans. The Company reserves the right at any time to alter its business plans in accordance with management’s 's appreciation of the market for the goods and services of the Company. Without in any manner limiting the generality of the foregoing, the Subscriber hereby acknowledges and agrees that, in consideration, in part, of the Company’s 's within Acceptance of this subscription and agreement to issue Shares of the Company consequent thereon, the Subscriber hereby does hereby release, remise and forever discharge each of the Company and its respective directors, officers, employees, solicitors, agents, executors, administrators, successors and assigns, of and from all manner of action and actions, causes of action, suits, debts, dues, accounts, bonds, covenants, contracts, claims, damages and demands, whether known or unknown, suspected or unsuspected and whether at law or in equity, which against either of the Company and/or any of its respective directors, officers, employees, solicitors, agents, executors, administrators, successors and assigns, the Subscriber ever had, now has, or which any of the Subscriber’s 's respective successors or assigns, or any of them hereafter can, shall or may have by reason of any matter arising from the within use of funds (collectively, the “Release”"RELEASE"). The Subscriber shall hold harmless and indemnify the Company from and against, and shall compensate and reimburse the same for, any loss, damage, claim, liability, fee (including reasonable attorneys' fees), demand, cost or expense (regardless of whether or not such loss, damage, claim, liability, fee, demand, cost or expense relates to a third-party thirdparty claim) that is directly or indirectly suffered or incurred by the Company, or to which the Company becomes subject, and that arises directly or indirectly from, or relates directly or indirectly to, any inaccuracy in or breach of any representation, warranty, covenant or obligation of the Subscriber contained in this Release and Agreement. This Release is irrevocable and will not terminate in any circumstances.

Appears in 1 contract

Samples: Denarii Resources Inc.

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Use of funds for the Shares and Release therefore. The Subscriber acknowledges and agrees that the Subscription Price funds to be raised from the Shares are to be employed for the business of the Company in accordance with management’s discretion as to the best use of the same for the Company’s business plans. The Company reserves the right at any time to alter its business plans in accordance with management’s appreciation of the market for the goods and services of the Company. Without in any manner limiting the generality of the foregoing, the Subscriber hereby acknowledges and agrees that, in consideration, in part, of the Company’s within Acceptance of this subscription and agreement to issue Shares of the Company consequent thereon, the Subscriber hereby does hereby release, remise and forever discharge each of the Company and its respective directors, officers, employees, solicitors, agents, executors, administrators, successors and assigns, of and from all manner of action and actions, causes of action, suits, debts, dues, accounts, bonds, covenants, contracts, claims, damages and demands, whether known or unknown, suspected or unsuspected and whether at law or in equity, which against either of the Company and/or any of its respective directors, officers, employees, solicitors, agents, executors, administrators, successors and assigns, the Subscriber ever had, now has, or which any of the Subscriber’s respective successors or assigns, or any of them hereafter can, shall or may have by reason of any matter arising from the within use of funds (collectively, the “Release”). The Subscriber shall hold harmless and indemnify the Company from and against, and shall compensate and reimburse the same for, any loss, damage, claim, liability, fee (including reasonable attorneys’ fees), demand, cost or expense (regardless of whether or not such loss, damage, claim, liability, fee, demand, cost or expense relates to a third-party claim) that is directly or indirectly suffered or incurred by the Company, or to which the Company becomes subject, and that arises directly or indirectly from, or relates directly or indirectly to, any inaccuracy in or breach of any representation, warranty, covenant or obligation of the Subscriber contained in this Release and Agreement. This Release is irrevocable and will not terminate in under any circumstances.

Appears in 1 contract

Samples: Dais Analytic Corp

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