Where the. funds for the purchase of the Units are delivered to the Issuer’s lawyers, the Issuer is entitled to treat such funds as an interest free loan to the Issuer until such time as the subscription for the Units is accepted and the certificates representing the Shares and Warrants have been issued to the Subscriber.
Appears in 2 contracts
Samples: Private Placement Subscription Agreement (RedHawk Acquisition I Corp.), Private Placement Subscription Agreement (RedHawk Acquisition I Corp.)
Where the. funds for the purchase of the Units are delivered to the Issuer’s lawyers, the Issuer is entitled to treat such funds as an interest free loan to the Issuer until such time as the subscription for the Units is accepted and the certificates representing the Shares and Warrants Units have been issued to the Subscriber.
Appears in 2 contracts
Samples: Private Placement Subscription Agreement (Liberty Star Uranium & Metals Corp.), Private Placement Subscription Agreement (Liberty Star Uranium & Metals Corp.)
