Buyer Shares definition
Examples of Buyer Shares in a sentence
Such Seller acknowledges that, in the event the applicable requirements of Rule 144 are not met, registration under the Securities Act or an exemption from registration will be required for disposition of any Buyer Shares that such Seller acquires in connection with the Transactions.
The Buyer Shares issued in the book-entry form shall have a note in the book-entry system that all such shares carry the restrictive legend described in Sectio 2.01(q)(iv) of this Agreement.
Except for the distribution of the Buyer Shares to its partners or members (if such Seller is a venture capital, private equity or other investment fund), such Seller is acquiring such Buyer Shares for investment for its, his or her own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any distribution thereof, and such Seller has no present intention of selling, granting any participation in, or otherwise distributing the same.
Such Seller has had an opportunity to ask questions of, and receive answers from, Xxxxx and its Representatives concerning this Agreement and the Transactions, and such Seller believes that it, he or she has received all information such Seller considers necessary for deciding whether to accept the Buyer Shares as partial payment of the consideration payable by Xxxxx in connection with the Transactions.
Such Seller understands and acknowledges that ownership of the Buyer Shares is highly speculative and involves substantial risks.