Common use of Due Formation of Corporate and Other Buyers Clause in Contracts

Due Formation of Corporate and Other Buyers. If the Buyer is a corporation, trust, partnership or other entity that is not an individual person, it has been formed and validly exists and has not been organized for the specific purpose of purchasing the Securities and is not prohibited from doing so.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Westport Energy Holdings Inc.), Securities Purchase Agreement (Carbonics Capital Corp), Securities Purchase Agreement (Carbonics Capital Corp)

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Due Formation of Corporate and Other Buyers. If the Buyer is a corporation, limited liability company, trust, partnership or other entity that is not an individual person, it has been formed and validly exists and has not been organized for the specific purpose of purchasing the Securities and is not prohibited from doing so.

Appears in 1 contract

Samples: Securities Purchase Agreement (Infinity Resources Holdings Corp.)

Due Formation of Corporate and Other Buyers. If the either Buyer is a corporation, trust, partnership or other entity that is not an individual person, it has been formed and validly exists and has not been organized for the specific purpose of purchasing the Securities Convertible Debentures and is not prohibited from doing so.

Appears in 1 contract

Samples: Securities Purchase Agreement (City Network Inc)

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Due Formation of Corporate and Other Buyers. If the a Buyer is a corporation, trust, partnership or other entity that is not an individual person, it has been formed and validly exists and has not been organized for the specific purpose of purchasing the Securities Convertible Debentures and Warrant is not prohibited from doing so.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nanoscience Technologies Inc)

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