Exemption Status Sample Clauses
The Exemption Status clause defines whether a party or transaction is exempt from certain legal or regulatory requirements. In practice, this clause specifies the criteria or conditions under which the exemption applies, such as meeting specific qualifications or falling within a particular category outlined by law. Its core function is to clarify the applicability of rules, thereby reducing uncertainty and ensuring that parties understand their obligations or relief from compliance.
Exemption Status. The Investor understands that the Common Stock to be sold hereunder are being issued in reliance upon the exemptions from registration under the Securities Act of 1933, as amended. The Investor understands that the undersigned, the Company, the Company's officers, directors, shareholders, employees, agents, attorneys and representatives are relying on, among other things, the representations and warranties of the Investor set forth herein in issuing the Common Stock to the Investor.
Exemption Status. The Investor understands that the Securities to be sold hereunder are being issued in reliance upon the exemptions from registration under the Securities Act of 1933, as amended. The Investor understands that the undersigned, the Company, the Company's officers, directors, shareholders, employees, agents, attorneys and representatives are relying on, among other things, the representations and warranties of the Investor set forth herein in issuing the Securities to the Seller.
Exemption Status. Purchaser has no Knowledge of any reason that the sale and issuance of the Shares to Purchaser will not comply with the exemption from registration under Regulation D under the Securities Act that the Company is relying upon.
Exemption Status. The Chapter shall comply with NICA accounting practices and policies to qualify for exemption status under IRC § 501(c)(3).