Examples of Purchased Securities in a sentence
Investor agrees to use its commercially practicable best efforts, subject to Rule 144, to (i) cause the Investor’s transfer agent (the “Investor Transfer Agent”) to remove the legend set forth in Section 2.11 above from the Investor Purchased Securities and any other restrictive annotation or stop transfer restrictions, if applicable, and (ii) if applicable, cause its legal counsel to deliver any necessary legal opinions to the Investor Transfer Agent in connection with the preceding clause (i).
The Company has not been formed for the specific purpose of acquiring the Investor Purchased Securities.
The Investor has had an opportunity to discuss the Company’s business, operations, properties, prospects, technology, plans, management, financial affairs and the terms and conditions of the offering of the Company Purchased Securities with the Company’s management and has had an opportunity to review the Company’s facilities.
The Company does not presently have any contract, undertaking, agreement or arrangement to sell, transfer or grant participation rights to any person with respect to any of the Investor Purchased Securities.
The Company Purchased Securities have not been and will not be registered under the Securities Act or any state securities laws and, therefore, cannot be resold unless they are registered under the Securities Act and applicable state securities laws or unless an exemption from such registration requirements is available.