Illiquid Securities. Seller realizes that the Purchaser Securities cannot readily be sold as they will be restricted securities and therefore the Purchaser Securities must not be accepted unless such Seller has liquid assets sufficient to assure that holding such Purchaser Securities indefinitely will cause no undue financial difficulties and such Seller can provide for current needs and possible personal contingencies.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Functional Brands Inc.), Asset Purchase Agreement (180 Life Sciences Corp.)