Common use of Purpose of Investment Clause in Contracts

Purpose of Investment. The Company recognizes that the --------------------- Buyer's investment in the Company is being made in order to provide financing for the Company's ongoing operations and especially for the development and introduction of new products, including the marketing of such products.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Syquest Technology Inc), Securities Purchase Agreement (Syquest Technology Inc)

AutoNDA by SimpleDocs

Purpose of Investment. The Company recognizes that the --------------------- Buyer's --------------------- investment in the Company is being made in order to provide financing for the Company's ongoing operations and especially for the development and introduction of new products, including the marketing of such products.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Syquest Technology Inc), Securities Purchase Agreement (Syquest Technology Inc)

Purpose of Investment. The Company recognizes that the --------------------- Buyer's investment in the Company is being made in order to provide financing for the Company's ongoing operations and especially for the development and introduction of new products, including the marketing of such products, and payment of accrued interest on and repayment of any loan heretofore made to the Company by Silicon Valley Bank in an aggregate amount not in excess of $5,000,000.

Appears in 1 contract

Samples: Securities Purchase Agreement (Syquest Technology Inc)

AutoNDA by SimpleDocs

Purpose of Investment. The Company recognizes that the --------------------- Buyer's investment in the Company is being made made, and shall use the proceeds therefrom, in order to provide financing for the Company's ongoing operations and especially for the development funding of research and introduction development, feasibility funding projects and for project and licensing arrangements; costs of new productspatent prosecution; and working capital and general corporate purposes, including the marketing possible acquisitions of such productsrights in new technologies in the Company's ordinary course of business.

Appears in 1 contract

Samples: Stock Purchase Agreement (Agway Inc)

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