Common use of Investment for Own Account Clause in Contracts

Investment for Own Account. Such Purchaser will hold the Shares for their own account for investment purposes only, and not with a view to, or for resale in connection with, any distribution that would require registration under the Securities Act or the securities laws of any state. Such Purchaser does not presently have any reason to anticipate any change in circumstances or other particular occasion or event which would require selling the Shares or any part thereof or interest therein. Such Purchaser understands that there will be no established market for the Shares and that such Purchaser may be restricted from selling the Shares except in a sale exempt under federal and state securities laws.

Appears in 9 contracts

Samples: Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc)

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Investment for Own Account. Such Purchaser will hold the Shares Securities for their own account for investment purposes only, and not with a view to, or for resale in connection with, any distribution that would require registration under the Securities Act or the securities laws of any state. Such Purchaser does not presently have any reason to anticipate any change in circumstances or other particular occasion or event which would require selling the Shares Securities or any part thereof or interest therein. Such Purchaser understands that there will be no established market for the Shares Securities and that such Purchaser may be restricted from selling the Shares Securities except in a sale exempt under federal and state securities laws.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Omni Energy Services Corp), Securities Purchase Agreement (Singing Machine Co Inc)

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