Common use of Offered Units Clause in Contracts

Offered Units. Subject to compliance by the Agent with the provisions of Section 2 hereof and subject to the representations and warranties of the Purchasers contained in the Subscription Agreements being true and correct at the Closing Time, the execution of this Agreement and the Subscription Agreements and the issue by the Corporation to the Purchasers of the Offered Units will be exempt from the prospectus requirements of the Securities Laws of the Offering Jurisdictions.

Offered Units. Subject to compliance by the Agent with the provisions of Section 2 hereof and subject to the representations and warranties of the Purchasers contained in the Subscription Agreements being true and correct at the Closing Time, the execution of this Agreement and the Subscription Agreements and the issue by the Corporation to the Purchasers of the Offered Units will be exempt from the prospectus and registration requirements of the Securities Laws of the Offering Jurisdictions.