Common use of Illiquid Securities Clause in Contracts

Illiquid Securities. Supplier realizes that the Shares cannot readily be sold as they will be restricted securities and therefore the Shares must not be accepted unless such Supplier has liquid assets sufficient to assure that holding such Shares indefinitely will cause no undue financial difficulties and such Supplier can provide for current needs and possible personal contingencies.

Appears in 2 contracts

Sources: Master Distribution Agreement (Mangoceuticals, Inc.), Master Distribution Agreement (Mangoceuticals, Inc.)