Common use of Economic Loss Clause in Contracts

Economic Loss. The Subscriber believes that an investment in the Securities is suitable for the Subscriber based upon the Subscriber’s investment objectives and financial needs. The Subscriber (i) has adequate means for providing for the Subscriber’s current financial needs and personal contingencies; (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; and (iv) does not have overall commitments to investments which are not readily marketable and disproportionate to the Subscriber's net worth, and the Subscriber's investment in the Securities will not cause such overall commitments to become excessive.

Appears in 5 contracts

Samples: Agreement (Westmountain Gold, Inc.), Subscription Agreement (Omni Bio Pharmaceutical, Inc.), Subscription Agreement (Liquid Spins, Inc.)

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Economic Loss. The Subscriber believes that an investment in the Securities shares is suitable for the Subscriber based upon the Subscriber’s investment objectives and financial needs. The Subscriber (i) has adequate means for providing for the Subscriber’s current financial needs and personal contingencies; : (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; and (iv) does not have overall commitments to investments which are not readily marketable and disproportionate to the Subscriber's ’s net worth, and the Subscriber's ’s investment in the Securities shares will not cause such overall commitments to become excessive.

Appears in 2 contracts

Samples: Subscription Agreement (PetroShare Corp.), Subscription Agreement (PetroShare Corp.)

Economic Loss. The Subscriber believes that an investment in the Securities is suitable for the Subscriber based upon the Subscriber’s investment objectives and financial needs. The Subscriber (i) has adequate means for providing for the Subscriber’s current financial needs and personal contingencies; (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; and (iv) does not have an overall commitments commitment to investments which are not readily marketable and that is disproportionate to the Subscriber's net worth, and the Subscriber's investment in the Securities will not cause such overall commitments commitment to become excessive.

Appears in 1 contract

Samples: Omni Bio Pharmaceutical, Inc.

Economic Loss. The Subscriber believes that an investment in the Securities is suitable for the Subscriber based upon the Subscriber’s 's investment objectives and financial needs. The Subscriber (i) has adequate means for providing for the Subscriber’s 's current financial needs and personal contingencies; (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; and (iv) does not have overall commitments to investments which are not readily marketable and disproportionate to the Subscriber's net worth, and the Subscriber's investment in the Securities will not cause such overall commitments to become excessive.

Appears in 1 contract

Samples: Synergy Resources Corp

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Economic Loss. The Subscriber believes that an investment in the Securities Units is suitable for the Subscriber based upon the Subscriber’s investment objectives and financial needs. The Subscriber (i) has adequate means for providing for the Subscriber’s current financial needs and personal contingencies; : (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; and (iv) does not have overall commitments to investments which are not readily marketable and disproportionate to the Subscriber's ’s net worth, and the Subscriber's ’s investment in the Securities Units will not cause such overall commitments to become excessive.

Appears in 1 contract

Samples: Subscription Agreement (PetroShare Corp.)

Economic Loss. The Subscriber believes that an investment in the Securities is suitable for the Subscriber based upon the Subscriber’s investment objectives and financial needs. The Subscriber (i) has adequate means for providing for the Subscriber’s current financial needs and personal contingencies; (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; and (iv) does not have overall commitments to investments which are not readily marketable and disproportionate to the Subscriber's ’s net worth, and the Subscriber's ’s investment in the Securities will not cause such overall commitments to become excessive.

Appears in 1 contract

Samples: Subscription Agreement (Liquid Spins, Inc.)

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