Common use of Representation of Investment Experience and Ability to Bear Risk Clause in Contracts

Representation of Investment Experience and Ability to Bear Risk. The Investor (i) is knowledgeable and experienced with respect to the financial, tax and business aspects of the ownership of the Shares and of the business contemplated by the Company and is capable of evaluating the risks and merits of purchasing Shares and, in making a decision to proceed with this investment, has not relied upon any representations, warranties or agreements, other than those set forth in this Agreement, and (ii) can bear the economic risk of an investment in the Company for an indefinite period of time, and can afford to suffer the complete loss thereof.

Appears in 3 contracts

Samples: Purchase Agreement (OptimumBank Holdings, Inc.), Purchase Agreement (OptimumBank Holdings, Inc.), Purchase Agreement (OptimumBank Holdings, Inc.)

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Representation of Investment Experience and Ability to Bear Risk. The Investor You (i) is are knowledgeable and experienced with respect to the financial, tax and business aspects of the ownership of the Shares Interests and of the business contemplated by the Company and is are capable of evaluating the risks and merits of purchasing Shares the Interests and, in making a decision to proceed with this investment, has have not relied upon any representations, warranties or agreements, other than those set forth in this Agreement and the Company Agreement, if any, and (ii) can bear the economic risk of an investment in the Company for an indefinite period of time, and can afford to suffer the complete loss thereof.

Appears in 3 contracts

Samples: Subscription Agreement (Petro River Oil Corp.), Subscription Agreement (Petro River Oil Corp.), Subscription Agreement (Petro River Oil Corp.)

Representation of Investment Experience and Ability to Bear Risk. The Investor You (i) is are knowledgeable and experienced with respect to the financial, tax and business aspects of the ownership of the Shares and of the business contemplated by the Company and is are capable of evaluating the risks and merits of purchasing Shares and, in making a decision to proceed with this investment, has have not relied upon any representations, warranties or agreements, other than those set forth in this AgreementAgreement and the Offering Memorandum, and (ii) can bear the economic risk of an investment in the Company for an indefinite period of time, and can afford to suffer the complete loss thereof.

Appears in 2 contracts

Samples: Subscription Agreement (OptimumBank Holdings, Inc.), Stock Purchase Agreement (OptimumBank Holdings, Inc.)

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Representation of Investment Experience and Ability to Bear Risk. The Investor (i) is knowledgeable and experienced with respect to the financial, tax and business aspects of the ownership of the Shares and of the business contemplated by the Company and is capable of evaluating the risks and merits of purchasing Shares and, in making a decision to proceed with this investment, has not relied upon any representations, warranties or agreements, other than those set forth in this AgreementAgreement and the Offering Memorandum, and (ii) can bear the economic risk of an investment in the Company for an indefinite period of time, and can afford to suffer the complete loss thereof.

Appears in 2 contracts

Samples: Stock Purchase Agreement (OptimumBank Holdings, Inc.), Stock Purchase Agreement (OptimumBank Holdings, Inc.)

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