Common use of Purchasing as Principal Clause in Contracts

Purchasing as Principal. The Subscriber represents and warrants that the Securities are not being purchased with a view to resale or distribution in contravention of applicable securities laws or as part of a series of transactions involving further purchases and sales of the Securities and the Securities are being purchased by the Subscriber as principal for its own account and not for the benefit of any other person.

Appears in 2 contracts

Sources: Subscription Agreement, Unit Offering Subscription Agreement