Common use of Newly Formed Entity Clause in Contracts

Newly Formed Entity. Investor recognizes that the Company was only recently formed and, accordingly, has no financial or operating history and that the investment in the Company is extremely speculative and involves a high degree of risk.

Appears in 11 contracts

Samples: Contribution and Subscription Agreement (Varsity Brands Inc), Contribution and Option Exchange Agreement (Varsity Brands Inc), Contribution and Subscription Agreement (Varsity Brands Inc)

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Newly Formed Entity. Investor It recognizes that the Company was only recently formed and, accordingly, has no financial or operating history and that the investment in the Company is extremely speculative and involves a high degree of risk.

Appears in 3 contracts

Samples: Contribution and Subscription Agreement (Hollywood Entertainment Corp), Contribution and Subscription Agreement (Hollywood Entertainment Corp), Contribution and Subscription Agreement (Wattles Mark J)

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