Accredited Investor and Investment Company Act Representations. Each Limited Partner represents that such Partner has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Partnership and is able to bear the economic risk of that investment. Each Limited Partner represents that such Partner has had an opportunity to ask questions of and receive answers from the General Partner in order to obtain such additional information as such Partner has deemed necessary to make an informed investment decision with respect to a purchase of an interest in the Partnership and, unless otherwise disclosed in writing to the General Partner (which writing shall constitute a representation by such Limited Partner hereunder), that such Partner is an accredited investor, as that term is defined in Regulation D promulgated by the Securities and Exchange Commission (the “SEC”). Each Limited Partner represents that such Partner is not subject to a “Bad Actor” disqualification, as such term is used in Rule 506(d) of Regulation D promulgated by the SEC. Each Limited Partner covenants to immediately provide written notice to the General Partner in the event such Limited Partner is charged with, or convicted of, any felony or misdemeanor or is the potential target of, or becomes subject to, any order, judgment, decree or other condition set forth in Rule 506(d) of Regulation D promulgated by the SEC. Each Limited Partner covenants to provide such information to the General Partner as the General Partner may request in order to comply with the disclosure obligations set forth in Rule 506(e) of Regulation D promulgated by the SEC.
Accredited Investor and Investment Company Act Representations. (a) Each Limited Partner represents that such Partner has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Partnership and is able to bear the economic risk of that investment. Each Limited Partner represents that such Partner has had an opportunity to ask questions of and receive answers from the General Partner in order to obtain such additional information as such Partner has deemed necessary to make an informed investment decision with respect to a purchase of an interest in the Partnership and, unless otherwise disclosed in writing to the General Partner (which such writing shall constitute a representation by such Limited Partner hereunder), that such Partner is an accredited investor, as that term is defined in Regulation D promulgated by the Securities and Exchange Commission.
