Common use of Nature of Purchase Clause in Contracts

Nature of Purchase. Each Purchaser severally represents that it is purchasing the Notes for its own account or for one or more separate accounts maintained by such Purchaser or for the account of one or more pension or trust funds and not with a view to the distribution thereof, provided that the disposition of such Purchaser’s or their property shall at all times be within such Purchaser’s or their control. Each Purchaser understands that the Notes have not been registered under the Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under circumstances where neither such registration nor such an exemption is required by law, and that the Company is not required to register the Notes.

Appears in 3 contracts

Samples: Note Purchase and Private Shelf Agreement (Old Dominion Freight Line, Inc.), Saia Inc, Old Dominion Freight Line, Inc.

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Nature of Purchase. Each Purchaser severally represents that it such Purchaser is purchasing the Notes for its own account or for one or more separate accounts maintained by such Purchaser it or for the account of one or more pension or trust funds and not with a view to the distribution thereof, provided that the disposition of such Purchaser’s 's or their property shall at all times be within such Purchaser’s 's or their control. Each Purchaser understands that the Notes have not been registered under the Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under circumstances where neither such registration nor such an exemption is required by law, and that the Company is not required to register the Notes.

Appears in 1 contract

Samples: Note Purchase And (Steak & Shake Co)

Nature of Purchase. Each Such Purchaser severally represents that it is purchasing the Notes for its own account or for one or more separate accounts maintained by such Purchaser or for the account of one or more pension or trust funds and not with a view to the distribution thereof, provided that the disposition of such Purchaser’s or their property shall at all times be within such Purchaser’s or their control. Each Purchaser understands that the Notes have not been registered under the Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under circumstances where neither such registration nor such an exemption is required by law, and that the Company is not required to register the Notes.

Appears in 1 contract

Samples: Private Shelf Agreement (Winmark Corp)

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Nature of Purchase. Each Such Purchaser severally represents that it is purchasing the Private Shelf Notes for its own account or for one or more separate accounts maintained by such Purchaser or for the account of one or more pension or trust funds and not with a view to the distribution thereof, provided that the disposition of such Purchaser’s or their property shall at all times be within such Purchaser’s or their control. Each Purchaser understands that the Private Shelf Notes have not been registered under the Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under circumstances where neither such registration nor such an exemption is required by law, and that the Company is not required to register the Private Shelf Notes.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Franklin Electric Co Inc)

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