Purchaser Independence Clause Samples
The Purchaser Independence clause establishes that the purchaser acts independently and is not subject to control or direction by the seller. In practice, this means the purchaser makes its own decisions regarding the use, management, or resale of the goods or services acquired, without interference from the seller. This clause is important because it clarifies the relationship between the parties, ensuring that the purchaser retains autonomy and is not considered an agent or representative of the seller, thereby reducing potential liability and conflicts of interest.
Purchaser Independence. Such Purchaser acknowledges that such Purchaser is acting independently of any other Purchaser (other than with respect to an Affiliate of such Purchaser that is also a Purchaser hereunder) in connection with the purchase of the Securities hereunder and is not acting in concert with any other Purchaser (other than with respect to an Affiliate of such Purchaser that is also a Purchaser hereunder) for the purposes of the Irish Takeover Panel A▇▇ ▇▇▇▇, Takeover Rules, 2013, and that no individual Purchaser or group of Purchasers acting in concert will own 30% or more of the Company's issued share capital on the Closing Date. The Company acknowledges and agrees that the representations contained in this Section 3.2 shall not modify, amend or affect such Purchaser’s right to rely on the Company’s representations and warranties contained in this Agreement or any representations and warranties contained in any other Transaction Document or any other document or instrument executed and/or delivered in connection with this Agreement or the consummation of the transactions contemplated hereby. Notwithstanding the foregoing, for the avoidance of doubt, nothing contained herein shall constitute a representation or warranty, or preclude any actions, with respect to locating or borrowing shares in order to effect Short Sales or similar transactions in the future.
Purchaser Independence. Such Purchaser acknowledges that such Purchaser is acting independently of any other Purchaser (other than with respect to an Affiliate of such Purchaser that is also a Purchaser hereunder) in connection with the purchase of the Securities hereunder and is not acting in concert with any other Purchaser (other than with respect to an Affiliate of such Purchaser that is also a Purchaser hereunder) for the purposes of the Irish Takeover Panel ▇▇▇ ▇▇▇▇, Takeover Rules, 2013, and that no individual Purchaser or group of Purchasers acting in concert will own 30% or more of the Company’s issued share capital on the Closing Date.
Purchaser Independence. The Purchaser acknowledges that it is acting independently of any other party that has an interest in the ADSs (an “Interested Party”) in connection with the issuance of the New ADS hereunder and is not acting in concert with any Interested Party for the purposes of the Irish Takeover Panel Act, 1997, Takeover Rules, 2013, and that the Purchaser will not, immediately after delivery of the New ADS, own or be interested in 30% or more of the voting rights of the Company as at the Closing Date.