WYI definition
Examples of WYI in a sentence
In addition, WYI represents that it is familiar with Rule 144 under the Securities Act, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act.
Subject to restrictions on transfer provided in this Agreement, under applicable Law and as created by WYI, WYI will receive good and marketable title to the Stock Consideration to be received by WYI hereunder.
The Stock Consideration to be received by WYI hereunder is being obtained by WYI for its own account for investment purposes, and not with a view to any distribution thereof in violation of the Securities Act.
Upon the request of WYI given within ten days after such notice is given by the Buyer, the Buyer shall, subject to customary limitations and cutbacks, cause to be registered all of the shares of common stock that WYI has requested to be included in such registration.
The Buyer shall have the right to terminate or withdraw any registration initiated by it under this Section 5.12 before the effective date of such registration, whether or not WYI has elected to include any shares in such registration.
WYI has had the opportunity to ask questions of the Buyer and its officers and employees and to receive to WYI’s satisfaction such information about the business and financial condition of the Buyer as WYI considers necessary or appropriate for deciding whether to acquire the Stock Consideration, and WYI is fully capable of understanding and evaluating the risks associated with the ownership of the Stock Consideration to be received by WYI hereunder.
The shares comprising the Stock Consideration being delivered by the Buyer to WYI hereunder are and shall be duly and validly issued, fully paid, nonassessable and owned of record and beneficially by WYI free of all Encumbrances and restrictions on transfer, other than restrictions on transfer contemplated by this Agreement, under applicable securities laws and as created by WYI.
Notwithstanding that representatives of the Buyer may have provided information to WYI, WYI is not relying on, and has not relied on, any representation by the Buyer or any Affiliate or Representative of the Buyer with respect to any aspect of the business or prospects of the Buyer or its subsidiaries, other than the representations and warranties of the Buyer hereunder.
WYI also recommends that the policy also covers loss of luggage, personal effects and Program cancellation.
If WYI should determine, in its sole discretion, that You are unsuitable for any Placement, You agree that WYI may terminate Your participation by notifying You of the termination.