Common use of Securities Laws Representations and Covenants of Investors Clause in Contracts

Securities Laws Representations and Covenants of Investors. (a) This Agreement is made with each Investor in reliance upon such Investor’s representation to the Company, which by such Investor’s execution of this Agreement such Investor hereby confirms, that the Securities to be received by such Investor will be acquired for investment for such Investor’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof such that such Investor would constitute an “underwriter” under the Securities Act of 1933, as amended (the “Securities Act”). The Investor has not granted any right to any other person to acquire the Securities purchased by such Investor or the shares of the Company issuable upon the conversion or exercise of the Securities (“Underlying Shares”) except as permitted by the Securities Act and other applicable securities laws.

Securities Laws Representations and Covenants of Investors. (a) This Agreement is made with each Investor in reliance upon such Investor’s 's representation to the Company, which by such Investor’s 's execution of this Agreement such Investor hereby confirms, that the Purchased Securities to be received by such Investor will be acquired for investment for such Investor’s 's own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof such that such Investor would constitute an “"underwriter” " under the Securities Act of 1933, as amended (the “Securities Act”). The Such Investor has not granted any right to any other person Person to acquire any of the Purchased Securities purchased by such Investor Investor, or the shares of the Company issuable upon the conversion or exercise of the Securities (“respective Underlying Shares”) except as permitted by the Securities Act and other applicable securities laws.