Purchaser’s Representations, Warranties and Covenants. In order to induce the Issuer to sell and issue the Securities to the Purchaser under one or more exemptions from registration under the Securities Act, the Purchasers, severally and not jointly, represent and warrant to the Issuer, and covenant with the Issuer, that:
(i) Such Purchaser has the requisite power and authority to enter into and perform this Agreement, and each of the other agreements entered into by the parties hereto in connection with the transactions contemplated by this Agreement (collectively, the "Transaction Documents"), and to purchase the Securities in accordance with the terms hereof and thereof.
(ii) The execution and delivery of the Transaction Documents by the Purchaser and the consummation by it of the transactions contemplated thereby have been duly and validly authorized by the Purchaser's organizational documents and no further consent or authorization is required by the Purchaser.
(iii) The Transaction Documents have been duly and validly executed and delivered by the Purchaser.
(iv) The Transaction Documents, and each of them, constitutes the valid and binding obligation of the Purchaser enforceable against the Purchaser in accordance with their respective terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of creditors' rights and remedies.
(b) The execution, delivery and performance of the Transaction Documents by the Purchaser and the consummation by the Purchaser of the transactions contemplated thereby will not conflict with or constitute a default under any agreement or instrument to which the Purchaser is a party or by which the Purchaser is bound.
(c) The Purchaser is acquiring the Securities for investment for its own account, and not with a view toward distribution thereof, and with no present intention of dividing its interest with others or reselling or otherwise transferring or disposing all or any portion of either the Notes or Warrants. The undersigned has not offered or sold a participation in this purchase of either the Notes or Warrants, and will not offer or sell any interest therein. The Purchaser further acknowledges that the Purchaser does not have in mind any sale of either the Notes or Warrants currently or after the passage of a fixed or determinable period of time or upon the occurrence or non-occurrence of any predetermin...
Purchaser’s Representations, Warranties and Covenants. To induce the Seller to enter into this Agreement and to sell the Property, the Purchaser hereby makes the following representations, warranties and covenants with respect to the Property, upon each of which the Purchaser acknowledges and agrees that the Seller is entitled to rely and has relied:
Purchaser’s Representations, Warranties and Covenants. Purchaser hereby represents, warrants and covenants as follows:
Purchaser’s Representations, Warranties and Covenants. (A) Purchaser represents and warrants to Seller as follows: (i) Purchaser is duly organized and validly existing under the laws of Purchaser’s State of formation. Purchaser has the right, power and authority to enter into this Agreement and to purchase the Property in accordance with the terms and conditions of this Agreement, to engage in the transactions contemplated in this Agreement and to perform and observe the terms and provisions hereof; (ii) Purchaser has taken all necessary action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by Purchaser on or prior to the Closing, this Agreement and such document shall constitute the valid and binding obligation and agreement of Purchaser, enforceable against Purchaser in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of creditors; and (iii) neither Purchaser nor any of Purchaser’s respective constituents or affiliates nor any of their respective agents acting or benefiting in any capacity in connection with the purchase of the Property is in violation of any laws relating to terrorism or money laundering, including but not limited to, the Anti-Terrorism Law or is a “Prohibited Person” under the Anti-Terrorism Law.
Purchaser’s Representations, Warranties and Covenants. Purchaser represents and warrants to Seller the following as of the Effective Date and covenants that throughout the Term:
Purchaser’s Representations, Warranties and Covenants. All representations, warranties, covenants and agreements made by the Purchaser in this Agreement or under this Agreement shall, unless otherwise expressly stated, survive closing and any investigation at any time made by or on behalf of the Vendor, and shall continue in full force and effect for the benefit of the Vendor.
Purchaser’s Representations, Warranties and Covenants. The Purchaser represents, warrants and covenants in favour of the Company as follows and acknowledges that the Company is relying on such representations, warranties and covenants in connection with the transactions contemplated in this Subscription Agreement:
Purchaser’s Representations, Warranties and Covenants. To induce the Seller to enter into this Agreement and to sell the Property, the Purchaser hereby makes the following representations, warranties and covenants, upon each of which the Purchaser acknowledges and agrees that the Seller is entitled to rely and has relied. Each such representation shall be materially true and correct on the Effective Date and shall be materially true and correct on the Closing Date.
Purchaser’s Representations, Warranties and Covenants. The Purchaser (on its own behalf and, if applicable, on behalf of each beneficial purchaser for whom the Purchaser is contracting hereunder) represents and warrants to, and covenants with, the Company (and acknowledges that the Company is relying on such representations, warranties and covenants), which representations, warranties and covenants shall survive the Closing, that as at the execution date of this Subscription Agreement and the Closing Date:
4.1 The Purchaser confirms that it:
(a) has such knowledge in financial and business affairs as to be capable of evaluating the merits and risks of its investment in the Units;
(b) is capable of assessing the merits and risks (including the potential loss of its entire investment) of the proposed investment in the Units;
(c) is aware of the characteristics of the Units and understands the risks relating to an investment therein; and
(d) is able to bear the economic risk of loss of its investment in the Units.
4.2 The Purchaser is resident in the jurisdiction set forth in the “Address of Residence” set out on page 1 of this Subscription Agreement and either:
(a) All of the following are met:
(i) the Purchaser is not a “U.S. Person” (as that term is defined in Rule 902(k) of Regulation S (“Regulation S”) under the United States Securities Act of 1933, as amended (the “1933 Act”) and, without limiting such definition, includes a natural person resident in the United States, a partnership or corporation organized or incorporated under the laws of the United States, an estate of which any executor or administrator is a U.S. Person, a trust of which any trustee is a U.S. Person, a partnership or corporation organized or incorporated under the laws of any foreign jurisdiction by a U.S. Person principally for the purpose of investing in securities not registered under the 1933 Act, unless it is organized or incorporated and owned by United States “Accredited Investors” who are not natural persons, estates or trusts) or a person in the United States of America, its territories or possessions, any State of the United States or District of Columbia (the “United States”), and is not purchasing the Units for the account of or benefit of a U.S. Person or a person in the United States;
(ii) the Purchaser was not offered the Units in the United States;
(iii) the buy order for the Purchaser’s Units was not originated, and the Purchaser did not execute or deliver this Subscription Agreement, in the United States;
(iv) the Pur...
Purchaser’s Representations, Warranties and Covenants. Purchaser represents and warrants to Seller as of the Effective Date and as of the Closing Date that:
(a) Purchaser has the full right, power, and authority to purchase the Property from Seller as provided in this Agreement and to carry out Purchaser's obligations under this Agreement, and all requisite action necessary to authorize Purchaser to enter into this Agreement and to carry out Purchaser's obligations hereunder has been accomplished or will be accomplished on or before Closing.
(b) As of the Effective Date, Purchaser has been hereby advised in writing that Purchaser should have an abstract covering the Property examined by an attorney of Purchaser's own selection or that Purchaser should be furnished with or obtain a policy of title insurance.
(c) Purchaser is not subject to any legal or administrative proceeding, debt structure or other agreement which would prevent Purchaser's full and timely performance of its obligations hereunder.
(d) Purchaser acknowledges that any and all of the Third Party Documents are proprietary and confidential in nature and have been or will be delivered to Purchaser solely to assist Purchaser in determining the feasibility of purchasing the Property. Purchaser agrees not to disclose any of the Third Party Documents, or any of the provisions, terms or conditions thereof, to any party outside of Purchaser's organization except as to its attorneys, accountants, lenders or investors (collectively, the "Permitted Outside Parties"). Purchaser further agrees that within its organization, or as to the Permitted Outside Parties, the Third Party Documents shall be disclosed and exhibited only to those persons within Purchaser's organization or the Permitted Outside Parties who are responsible for determining the feasibility of Purchaser's acquisition of the Property.
(e) In the event the transaction contemplated by this Agreement is not consummated for any reason, except for Seller's default, Purchaser shall promptly deliver to Seller copies of (but no propriety rights in) all available reports and studies (other than appraisals) relating to the Property in its possession or in the possession of its agents, consultants or employees, including, without limitation, any and all (i) environmental reports, (ii) market studies, (iii) site plans, plats and related engineering, (iv) prospect lists, (v) soil reports, (vi) architectural renderings, drawings and/or elevations, and (vii) Third Party Documents, including any copies thereo...
