Common use of Subscription Process Clause in Contracts

Subscription Process. 2.1 At Completion, the Subscriber (relying on the Warranties and undertakings contained in this Agreement) shall subscribe for the Subscription Shares and the Company shall issue and allot the Subscription Shares to the Subscriber. 2.2 The Company acknowledges that the Subscriber enters into this Agreement in reliance on the Warranties and undertakings on the part of the Fund Manager set out in this Agreement. 2.3 The Subscriber acknowledges and agrees that the Fund Manager, its agents and service providers reserve the right to decline the subscription of the Subscriber (in whole or in part) at the absolute discretion of the Fund Manager, without the Fund Manager being under any obligation to give any reasons, in which event the moneys paid by the Subscriber or the relevant part thereof will be returned, if permitted by applicable law, to the Subscriber without interest and at the risk and expense of the Subscriber.