Common use of The Subscriber Clause in Contracts

The Subscriber. (i) is acquiring the securities described herein solely for the Subscriber's own account for investment purposes only and not with a view toward resale or distribution thereof, either in whole or in part; (ii) has no contract, undertaking, agreement or other arrangement, in existence or contemplated, to sell, pledge, assign or otherwise transfer the securities to any other person or entity; and (iii) agrees not to sell or otherwise transfer such securities unless and until they are subsequently registered under the Securities Act and any applicable state securities laws, or unless an exemption from any such requirement is available.