Common use of Nature of the Risk Clause in Contracts

Nature of the Risk. Claimant represents, warrants and agrees that he understands that the Company’s business is, by its nature, speculative; that Claimant is aware that the financial resources of the Company are extremely limited and that it is very likely that the Company will require additional capital, and there is no assurance that such capital will be available if necessary; that Claimant is familiar with the high degree of risk that is involved in the Company's business, and that Claimant is financially able and willing to accept the substantial risk involved in such investment, including the risk of loss of the entire amount invested.

Appears in 3 contracts

Samples: Agreement (Biomedical Technology Solutions Holdings Inc), Convert Debt (Biomedical Technology Solutions Holdings Inc), Convert Debt (Biomedical Technology Solutions Holdings Inc)

AutoNDA by SimpleDocs

Nature of the Risk. Claimant represents, warrants and agrees that he it understands that the CompanyVitro’s business is, by its nature, speculative; that Claimant is aware that the financial resources of the Company Vitro are extremely limited and that it is very likely that the Company will require additional capital, and there is no assurance that such capital will be available if necessary; that Claimant is familiar with the high degree of risk that is involved in the Company's business, and that Claimant is financially able and willing to accept the substantial risk involved in such investment, including the risk of loss of the entire amount invested.

Appears in 2 contracts

Samples: Convert Debt (Vitro Diagnostics Inc), Convert Debt (Vitro Diagnostics Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.