Suitability Documentation definition
Examples of Suitability Documentation in a sentence
The Company shall use its commercially reasonable efforts to cause each Company Stockholder to deliver the Suitability Documentation at least five (5) Business Days prior to the Closing.
Notwithstanding the delivery of any Investor Suitability Documentation to Parent prior to the Closing, any Stockholder may, in the reasonable discretion of Parent, be deemed an “Unaccredited Investor” for purposes of this Agreement.
Notwithstanding anything to the contrary in this Section 1.6 or otherwise in this Agreement, in no event shall Parent be required to issue any shares of Parent Common Stock to any Person (i) that does not provide duly completed and executed Investor Suitability Documentation or (ii) that Parent has determined prior to the Closing, in its sole discretion, is an Unaccredited Investor.
To the extent such Investor Suitability Documentation is not provided or Parent has made such determination regarding Unaccredited Investor status, Parent shall inform the Company of such determination prior to the Closing and the Company shall indicate on the Spreadsheet that such Person has not provided the Investor Suitability Documentation or is an Unaccredited Investor.
As promptly as practicable and in any event within at least five Business Days prior to the Closing, the Company shall provide copies of all Suitability Documentation received from each Company Stockholder to Parent.
If a Securityholder fails to properly deliver the Investor Suitability Documentation at least five (5) Business Days prior to the Closing, such Securityholder shall be deemed an “Unaccredited Investor” for purposes of this Agreement.
The Company shall use its commercially reasonable efforts to cause each Company Stockholder to deliver the Suitability Documentation at least five Business Days prior to the Closing.
The Company shall use all commercially reasonable efforts to cause the Joinder Agreements to be executed and delivered to the Company on or prior to the Closing Date by each of the Company Stockholders and Suitability Documentation duly executed by each Company Stockholder certifying that each such Company Stockholder is an “accredited investor” (as such term is defined in Rule 501(a) under the Securities Act).
The Company shall use commercially reasonable efforts to cause each Company Stockholder, each Company Warrant holder, and each Company SAFEholder to deliver all documentation, in form and substance reasonably acceptable to Parent, necessary to determine whether or not such Company Stockholder, Company Warrant holder, or Company SAFEholder is an Accredited Stockholder, including the Suitability Documentation, at least five (5) Business Days prior to the Closing.
The Company shall use its commercially reasonable efforts to cause each holder of Company Securities to deliver all documentation, in form and substance reasonably acceptable to Parent, necessary to determine whether or not such holder is an Accredited Investor, including the Suitability Documentation, at least two (2) Business Days prior to the Closing.