Acquisition as Investment. Buyer (i) is acquiring the Interests for its own account and not with a view to distribution in violation of applicable securities laws; (ii) has sufficient knowledge and experience in financial and business matters so as to be able to evaluate the merits and risk of an investment in the Interests and is able financially to bear the risks thereof; (iii) understands that the Interests will, upon purchase, be characterized as “restricted securities” under state and federal securities Laws and that under such Laws the Interests may be resold without registration under such Laws only in certain limited circumstances; and (iv) is an “accredited investor” as defined under Rule 501 promulgated under the Securities Act.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Sanchez Energy Corp), Purchase and Sale Agreement (Sanchez Energy Corp), Purchase and Sale Agreement (Sanchez Production Partners LP)
