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Acknowledgment of Dilution. The Company’s executive officers and directors understand the nature of the Securities being sold hereby and recognize that the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the Company. The Company specifically acknowledges that its obligation to issue the Conversion Shares upon conversion of the Notes is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests of other stockholders of the Company or parties entitled to receive equity of the Company.

Acknowledgment of Dilution. The Company’s executive officersCompany understands and directors understandacknowledges the nature ofpotentially dilutive effect to the Securities being sold hereby and recognize thatCommon Stock upon the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the Company. The Company specifically acknowledges that its obligation to issue the Conversion Shares upon conversion of the NotesNote. The Company further acknowledges that its obligation to issue Conversion Shares upon conversion of the Note in accordance with this Agreement and the Note is binding upon the Companyabsolute and enforceableunconditional regardless of the dilutiondilutive effect that such issuance may have on the ownership interests of other stockholdersshareholders of the Company or parties entitled to receive equity of the Company.

Acknowledgment of Dilution. The Company’s executive officersCompany understands and directors understandacknowledges the nature ofpotentially dilutive effect to the Securities being sold hereby and recognize thatCommon Stock upon the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the Company. The Company specifically acknowledges that its obligation to issue the Conversion Shares upon conversion of the NotesNote. The Company further acknowledges that its obligation to issue Conversion Shares upon conversion of the Note in accordance with this Agreement, the Note is binding upon the Companyabsolute and enforceableunconditional regardless of the dilutiondilutive effect that such issuance may have on the ownership interests of other stockholdersshareholders of the Company or parties entitled to receive equity of the Company.

Acknowledgment of Dilution. The Company’s executive officersCompany understands and directors understandacknowledges the naturepotentially dilutive effect of the Securities being sold hereby and recognize thatConversion Shares to the issuanceCommon Stock upon the conversion of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the Company.Note. The Company specificallyfurther acknowledges that its obligation to issue the Conversion Sharesissue, upon conversion of the Notes is binding uponNote, the CompanyConversion Shares, in accordance with this Agreement, and enforceablethe Note are absolute and unconditional regardless of the dilutiondilutive effect that such issuance may have on the ownership interests of other stockholdersshareholders of the Company or parties entitled to receive equity of the Company.

Acknowledgment of Dilution. The Company’s executive officersCompany understands and directors understandacknowledges the nature ofpotentially dilutive effect to the Securities being sold hereby and recognize thatCommon Stock upon the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holdersCommitment Shares and Conversion Shares upon conversion of the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business judgment that the issuance of the Securities is in the best interests of the Company.Note. The Company specificallyfurther acknowledges that its obligation to issue theCommitment Shares and Conversion Shares upon conversion of the NotesNote in accordance with this Agreement, the Note is binding upon the Companyabsolute and enforceableunconditional regardless of the dilutiondilutive effect that such issuance may have on the ownership interests of other stockholdersshareholders of the Company or parties entitled to receive equity of the Company.

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