Buyer’s Representations and Warranties Clause Samples
The Buyer’s Representations and Warranties clause sets out the specific statements and assurances the buyer makes to the seller regarding their authority, financial condition, and ability to complete the transaction. Typically, this clause covers matters such as the buyer’s legal status, power to enter into the agreement, and absence of legal impediments or undisclosed liabilities. By requiring the buyer to make these representations, the clause helps the seller assess the buyer’s credibility and provides a basis for recourse if any statements prove false, thereby reducing the risk of post-closing disputes.
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Buyer’s Representations and Warranties. The Buyer represents and warrants to the Company that:
Buyer’s Representations and Warranties. Each Buyer severally (and not jointly) represents and warrants to the Company solely as to such Buyer that:
Buyer’s Representations and Warranties. Buyer represents and warrants that:
Buyer’s Representations and Warranties. The Buyer represents and warrants to the Company that:
a. The Buyer has full power and authority to enter into this Agreement, the execution and delivery of which has been duly authorized and this Agreement constitutes a valid and legally binding obligation of the Buyer, except as may be limited by bankruptcy, reorganization, insolvency, moratorium and similar laws of general application relating to or affecting the enforcement of rights of creditors, and except as enforceability of the obligations hereunder are subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or law).
b. The Buyer acknowledges its understanding that the offering and sale of the Series A Shares and the shares of common stock issuable upon conversion of the Series A Shares (such shares of common stock being collectively referred to herein as the “Conversion Shares” and, collectively with the Series A Shares, the “Securities”) is intended to be exempt from registration under the 1933 Act, by virtue of Rule 506(b) promulgated under the Securities Act of 1933, as amended, and the provisions of Regulation D promulgated thereunder. In furtherance thereof, the Buyer represents and warrants to the Company and its affiliates as follows:
i. The Buyer realizes that the basis for the exemption from registration may not be available if, notwithstanding the Buyer’s representations contained herein, the Buyer is merely acquiring the Securities for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. The Buyer does not have any such intention.
ii. The Buyer realizes that the basis for exemption would not be available if the offering is part of a plan or scheme to evade registration provisions of the 1933 Act or any applicable state or federal securities laws, except sales pursuant to a registration statement or sales that are exempted under the ▇▇▇▇ ▇▇▇.
iii. The Buyer is acquiring the Securities solely for the Buyer’s own beneficial account, for investment purposes, and not with a view towards, or resale in connection with, any distribution of the Securities.
iv. The Buyer has the financial ability to bear the economic risk of the Buyer’s investment, has adequate means for providing for its current needs and contingencies, and has no need for liquidity with respect to an investment in the Company.
v. The Buyer and the Buyer’s attorney, accountant, purchaser representative and/...
Buyer’s Representations and Warranties. The Buyer represents and warrants to the Company that as of the date hereof and as of the Commencement Date:
Buyer’s Representations and Warranties. The Buyer represents and warrants to the Company as of the Closing Date that:
Buyer’s Representations and Warranties. (A) Buyer represents and warrants to Seller as follows:
(1). In addition to the acts and deeds recited herein and contemplated to be performed, executed, and delivered by Buyer, Buyer shall perform, execute and deliver or cause to be performed, executed, and delivered at the Closing or after the Closing, any and all further acts, deeds and assurances as Seller or the Title Company may require and be reasonable in order to consummate the transactions contemplated herein.
(2). Buyer has all requisite power and authority to consummate the transaction contemplated by this Agreement and has by proper proceedings duly authorized the execution and delivery of this Agreement and the consummation of the transaction contemplated hereby.
(3). To Buyer's knowledge, neither the execution and delivery of this Agreement nor the consummation of the transaction contemplated hereby will violate or be in conflict with (a) any applicable provisions of law, (b) any order of any court or other agency of government having jurisdiction hereof, or (c) any agreement or instrument to which Buyer is a party or by which Buyer is bound.
Buyer’s Representations and Warranties. Each Buyer, severally and not jointly, represents and warrants to the Company with respect to only itself that, as of the date hereof and as of the Closing Date:
Buyer’s Representations and Warranties. Each Buyer represents and warrants with respect to only itself that:
Buyer’s Representations and Warranties. Buyer represents and warrants to Seller as follows:
