Additional Investment Representations. Each Management Member represents and warrants that: (a) the Management Member's financial situation is such that such Management Member can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's investment in the Units; (b) the Management Member's knowledge and experience in financial and business matters are such that the Management Member is capable of evaluating the merits and risks of the investment in the Units; (c) the Management Member understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units and for an indefinite period following such date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member to liquidate the Management Member's investment including in case of emergency, if at all; (d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof; (e) the Management Member understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters; (f) the Management Member has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member deems necessary; and (g) all information which the Management Member has provided to the Company and the Company's representatives concerning the Management Member and the Management Member's financial position is complete and correct as of the date of this Agreement.
Appears in 12 contracts
Samples: Management Members Agreement (Nalco Holding CO), Management Members Agreement (Nalco Holding CO), Management Members Agreement (Nalco Holding CO)
Additional Investment Representations. Each Management Member represents and warrants that:
(aA) the Management Member's financial situation is such that such Management Member can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's investment in the Units;
(bB) the Management Member's knowledge and experience in financial and business matters are such that the Management Member is capable of evaluating the merits and risks of the investment in the Units;
(cC) the Management Member understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units and for an indefinite period following such date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member to liquidate the Management Member's investment including in case of emergency, if at all;
(dD) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(eE) the Management Member understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(fF) the Management Member has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member deems necessary; and
(gG) all information which the Management Member has provided to the Company and the Company's representatives concerning the Management Member and the Management Member's financial position is complete and correct as of the date of this Agreement.
Appears in 6 contracts
Samples: Management Members Agreement (Calgon CORP), Management Members Agreement (Nalco Holding CO), Management Members Agreement (Nalco Holding CO)
Additional Investment Representations. Each Management Member represents and warrants that:
(a) the Management Member's ’s financial situation is such that such Management Member can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's ’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's ’s investment in the Units;
(b) the Management Member's ’s knowledge and experience in financial and business matters are such that the Management Member is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's ’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units and for an indefinite period following such date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member to liquidate the Management Member's ’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member or Management Member's ’s representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(f) the Management Member has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member deems necessary; and
(g) all information which the Management Member has provided to the Company and the Company's ’s representatives concerning the Management Member and the Management Member's ’s financial position is complete and correct as of the date of this Agreement.
Appears in 5 contracts
Samples: Management Members Agreement (Nalco Finance Holdings LLC), Management Members Agreement (Nalco Holdings LLC), Management Members Agreement (Nalco Holding CO)
Additional Investment Representations. Each Management Member Participant represents and warrants that:
(a) the Management Member's Participant’s financial situation is such that such Management Member Participant can afford to bear the economic risk of holding the Incentive Units for an indefinite period of time, has adequate means for providing for the Management Member's Participant’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Participant’s investment in the Incentive Units;
(b) the Management Member's Participant’s knowledge and experience in financial and business matters are such that the Management Member Participant is capable of evaluating the merits and risks of the investment in the Incentive Units;
(c) the Management Member Participant understands that the Incentive Units are a speculative investment which involves a high degree of risk of loss of Management Member's Participant’s investment therein, there are substantial restrictions on the transferability of the Incentive Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Incentive Units and, accordingly, it may not be possible for the Management Member Participant to liquidate the Management Member's Participant’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Participant ceases to provide services to the Company and be an employee or service provider of Parent or its AffiliatesSubsidiaries, the Company and its Affiliates have Partnership has the right to repurchase or redeem the Incentive Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Participant understands and has taken cognizance of all of the risk factors related to the purchase of the Incentive Units and, other than as set forth in this Agreement, the Partnership LP Agreement, the Parent LP Agreement and the Securityholders Agreement and any other agreement or certificate delivered hereby or thereby, no representations or warranties have been made to the Management Member Participant or Management Member's Participant’s representatives concerning the Units, the Company, the Subsidiaries Incentive Units or Partnership or Parent or their respective prospects or other matters;
(f) the Management Member Participant has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company Partnership and its representatives concerning the Company Partnership, Parent and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Partnership LP Agreement, the Company's Parent LP Agreement, the Securityholders Agreement, Partnership’s organizational documents and the terms and conditions of the purchase of the Incentive Units and to obtain any additional information which the Management Member Participant deems necessary; and;
(g) all information which the Management Member Participant has provided to the Company Partnership and the Company's Partnership’s representatives concerning the Management Member Participant and the Management Member's Participant’s financial position is complete and correct as of the date of this Agreement; and
(h) Participant is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Participant’s Signature Page.
Appears in 4 contracts
Samples: Incentive Unit Award Agreement (Bumble Inc.), Incentive Unit Award Agreement (Bumble Inc.), Incentive Unit Award Agreement (Bumble Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member under certain circumstances Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Executive’s Master Signature Page.
Appears in 3 contracts
Samples: Management Unit Subscription Agreement, Management Unit Subscription Agreement (Apria Healthcare Group Inc), Management Unit Subscription Agreement (Ahny-Iv LLC)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member under certain circumstances Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates may have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct in all material respects as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Executive’s Master Signature Page.
Appears in 3 contracts
Samples: Management Unit Subscription Agreement, Management Unit Subscription Agreement (Apria Healthcare Group Inc), Management Unit Subscription Agreement (Ahny-Iv LLC)
Additional Investment Representations. Each Management Member The Stockholder represents and warrants that:
(a) the Management MemberStockholder's financial situation is such that such Management Member he can afford to bear the economic risk of holding the Units Common Stock for an indefinite period of time, has adequate means for providing for the Management Member's his current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's his investment in the UnitsCommon Stock;
(b) the Management MemberStockholder's knowledge and experience in financial and business matters are such that the Management Member he is capable of evaluating the merits and risks of the investment in the UnitsCommon Stock, as contemplated by this Agreement;
(c) the Management Member Stockholder understands that the Units are Common Stock is a speculative investment which involves a high degree of risk of loss of Management Member's his investment therein, there are substantial restrictions on the transferability of the Units Common Stock and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Common Stock and, accordingly, it may not be possible for the Management Member Stockholder to liquidate the Management Member's his investment including in case of emergency, if at all;
(d) the terms of this the Stockholders Agreement provide that if in the Management Member event that the Stockholder ceases to provide services to the Company and its Affiliatesbe an employee of Sheridan, the Company Company, Sheridan, Vestar (as defined in the Stockholders Agreement) and its Affiliates their designated affiliates have the right to repurchase the Units Common Stock at a price which may may, in certain circumstances, be less than the Fair Market Value thereoffair market value of such stock;
(e) the Management Member Stockholder understands and has taken cognizance of all the risk factors related to the purchase of the Units Common Stock and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Stockholder or Management Member's his representatives concerning the Units, Common Stock or the Company, the Subsidiaries its subsidiaries or their respective prospects or other matters;
(f) in making his decision to purchase the Management Member Common Stock hereby subscribed for, the Stockholder has relied upon independent investigations made by him and, to the extent believed by the Stockholder to be appropriate, his representatives, including his own professional, financial, tax and other advisors;
(g) the Stockholder has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units Common Stock and to obtain any additional information which information, in each case as the Management Member Stockholder or his representatives deems necessary; and;
(gh) all information which the Management Member Stockholder has provided to the Company and the Company's its representatives concerning the Management Member Stockholder and the Management Member's his financial position is complete and correct as of the date of this Agreement; and
(i) the Stockholder is an "accredited investor" within the meaning of Rule 501 of Regulation D under the Securities Act.
Appears in 3 contracts
Samples: Subscription and Tender Agreement (Vestar Sheridan Inc), Subscription and Tender Agreement (Vestar Sheridan Inc), Subscription and Tender Agreement (Vestar Sheridan Inc)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Incentive Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Incentive Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Incentive Units;
(c) the Management Member Executive understands that the Incentive Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Incentive Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Incentive Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have has the right to repurchase the Incentive Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all of the risk factors related to the purchase of the Incentive Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Incentive Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanySubsidiaries, the LLC Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Incentive Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on the Signature Page.
Appears in 3 contracts
Samples: Management Unit Subscription Agreement (Nevada Property 1 LLC), Management Unit Subscription Agreement (Nevada Property 1 LLC), Management Unit Subscription Agreement (Nevada Property 1 LLC)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Purchase Date and for an indefinite period following such datethe Purchase Date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to services, the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” under the Securities Act, as indicated on the Master Signature Page.
Appears in 2 contracts
Samples: Management Unit Subscription Agreement (PGA Holdings, Inc.), Management Unit Subscription Agreement (PGA Holdings, Inc.)
Additional Investment Representations. Each Management Member The Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to be an employee of the Company and or its Affiliatessubsidiaries, the Company and its Affiliates have the right all Unvested Units are subject to repurchase the Units at a price which may be less than the Fair Market Value thereofforfeiture;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement.
Appears in 2 contracts
Samples: Management Unit Subscription Agreement (National Mentor Holdings, Inc.), Management Unit Subscription Agreement (National Mentor Holdings, Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
: (a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
; (b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
; (c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Purchase Date and for an indefinite period following such datethe Purchase Date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
; (d) the terms of this Agreement provide that if the Management Member Executive engages in Competitive Activity or ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
; (e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
; (f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and (h) Executive is or is not an “accredited investor” under the Securities Act, as indicated on the Master Signature Page. 4.
Appears in 2 contracts
Samples: Management Unit Subscription Agreement (PGA Holdings, Inc.), Management Unit Subscription Agreement (PGA Holdings, Inc.)
Additional Investment Representations. Each Management Member represents Participant and warrants Intervenor represent and warrant that:
(a) the Management Member's financial situation is such that such Management Member can afford The Interests to bear the economic risk of holding the Units be issued to Participant pursuant to this Agreement will be received for Participant’s own account and not with a view to, or an indefinite period of timeintention of, has adequate means for providing for the Management Member's current needs and personal contingencies, and can afford to suffer a complete loss distribution thereof in violation of the Management Member's investment Securities Act or any applicable state securities law and the Interests will not be disposed of in contravention of the UnitsSecurities Act or any applicable state securities laws;
(b) the Management Member's knowledge and experience in financial and business matters are such that the Management Member is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Participant understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's investment therein, there are substantial restrictions on the transferability of the Units Interests and, on the date on which such Management Member acquires such Units Grant Date and for an indefinite period following such datethe Grant Date, there will be no public market for the Units Interests and, accordingly, it may not be possible for the Management Member Participant to liquidate the Management Member's investment including Participant’s Interests in case of emergency, if at all;
(dc) the The terms of this Agreement the Plan provide that if the Management Member ceases to provide services to Intervenor terminates his employment or service with the Company and its Affiliateswithout Good Reason (as defined in the Plan), or if the Intervenor’s employment or service with the Company is terminated by Company for Cause (as defined in the Plan), that the percentage of the Interests and its Affiliates have the right to repurchase Percentage Participation in the Units at a price which may Pool held by Participant for the benefit of Intervenor shall be less than the Fair Market Value thereofautomatically canceled and forfeited;
(ed) Participant and Intervenor are sophisticated in financial matters and is able to evaluate the Management Member risks and benefits of accepting the grant of Interests and understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other Interests;
(e) Other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Participant or Management Member's Intervenor or Participant’s or Intervenor’s representatives concerning the Units, Interests or the Company, the Company or any of its Subsidiaries or their respective prospects or other matters;
(f) the Management Member has Participant and Intervenor have been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC AgreementSubsidiaries, the Company's ’s organizational documents and the terms and conditions of the purchase acquisition of the Units Interests and the Plan and to obtain any additional information which the Management Member deems Participant or Intervenor deem necessary; and
(g) all information which Participant and Intervenor have been given ample opportunity to consult with independent tax, legal, accounting and other advisors and counsels regarding Participant’s and Intervenor’s respective rights and obligations under this Agreement, the Management Member has provided to the Company Plan and the Company's representatives concerning the Management Member Operating Agreement and the Management Member's financial position is complete intend for such terms to be binding upon and correct as enforceable against Participant and Intervenor, all of the date of this Agreementwhich are hereby voluntarily and willingly agreed to by Participant and Intervenor.
Appears in 2 contracts
Samples: Employment Agreement (Charah Solutions, Inc.), Employment Agreement (Charah Solutions, Inc.)
Additional Investment Representations. Each Management Member The Participant represents and warrants that:
(a) the Management Member's Participant is or is not an accredited investor, as described on the Participant Master Signature Page hereto;
(b) the Participant’s financial situation is such that such Management Member the Participant can afford to bear the economic risk of holding the Units Shares and Options for an indefinite period of time, has adequate means for providing for the Management Member's Participant’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Participant’s investment in the UnitsShares and Options;
(bc) the Management Member's Participant’s knowledge and experience in financial and business matters are such that the Management Member Participant is capable of evaluating the merits and risks of the investment in the UnitsShares and Options;
(cd) the Management Member Participant understands that the Units Shares and Options are a speculative investment which involves a high degree of risk of loss of Management Member's the Participant’s investment therein, there are substantial restrictions on the transferability of the Units Shares and Options and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Shares and Options and, accordingly, it may not be possible for the Management Member Participant to liquidate the Management Member's Participant’s investment including in case of emergency, if at all;
(de) the terms of this Agreement provide that if the Management Member Participant ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries or breaches certain post-employment restrictive covenants, the Company and its Affiliates have the right to repurchase the Units Shares (including Shares issuable or issued upon exercise of an Option) and Options at a price which may may, under certain circumstances, be less than the Fair Market Value thereofthereof (less the applicable Option Price (as defined in the Option Agreement) in the case of Options);
(ef) the Management Member Participant understands and has taken cognizance of all the risk factors related to the purchase of the Units Shares and Options and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Participant or Management Member's the Participant’s representatives concerning the Units, Shares and Options or the Company, the Subsidiaries Company or their respective prospects or other matters;
(fg) the Management Member Participant has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyPlan, the LLC Option Agreement, the Shareholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units Shares and grant of the Options and to obtain any additional information which the Management Member Participant deems necessary;
(h) the Participant (i) has been advised by the Company, that the Sponsor will enter into a management services or similar agreement (the “Management Agreements”) with the Company and certain of its Affiliates (the “Company Parties”) providing for the payment of certain advisory, monitoring, transactional, oversight and similar fees and expenses to and indemnification of the Sponsor (and its and their respective employees, officers, directors, agents and advisors) by the Company Parties and (ii) waives any right such Participant may have to approve, or to claim any damages with respect to, the entry by the Company Parties into the Management Agreements or the performance by the Company Parties of their obligations thereunder; and
(gi) all information which the Management Member Participant has provided to the Company and the Company's ’s representatives concerning the Management Member Participant and the Management Member's Participant’s financial position is complete and correct as of the date of this Agreement.
Appears in 2 contracts
Samples: Management Equity Subscription Agreement (Gates Industrial Corp PLC), Management Equity Subscription Agreement (Gates Industrial Corp PLC)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Co-Investment Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Co-Investment Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Co-Investment Units;
(c) the Management Member Executive understands that the Co-Investment Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Co-Investment Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Co-Investment Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Co-Investment Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Co-Investment Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(fe) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanySubsidiaries, the LLC Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Co-Investment Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(gf) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(g) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Executive’s Master Signature Page.
Appears in 2 contracts
Samples: Management Subscription Agreement (APX Group Holdings, Inc.), Management Subscription Agreement (APX Group Holdings, Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Incentive Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Incentive Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Incentive Units;
(c) the Management Member Executive understands that the Incentive Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Incentive Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Incentive Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates may have the right to repurchase the Incentive Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Incentive Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Incentive Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanySubsidiaries, the LLC Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Incentive Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's its representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Executive’s Master Signature Page.
Appears in 2 contracts
Samples: Management Subscription Agreement (APX Group Holdings, Inc.), Management Subscription Agreement (APX Group Holdings, Inc.)
Additional Investment Representations. Each Management Member The Purchaser further acknowledges and represents and warrants that:
(a) no Federal or state agency has passed upon the Management Member's financial situation is such that such Management Member can afford Securities or made any finding or determination as to bear the economic risk fairness of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's investment in the Unitsthis investment;
(b) the Management Member's knowledge and experience in financial and business matters are such that the Management Member is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Purchaser understands that the Units Securities are a speculative investment which involves involve a high degree of risk of loss of Management Member's the Purchaser’s investment therein, there are substantial restrictions on the transferability of the Units Securities, and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Securities and, accordingly, it may not be possible for the Management Member Purchaser to liquidate the Management Member's Purchaser’s investment including in case of emergency, if at all;
(dc) the terms of Purchaser has received and carefully reviewed (i) this Agreement provide that if Agreement, (ii) the Management Member ceases to provide services Memorandum and (iii) other information provided to the Company Purchaser upon such Purchaser’s request, and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Purchaser understands and has taken cognizance of all the risk factors risks related to the purchase of the Units andSecurities, other than as set forth in this Agreement, and no representations or warranties have been made to the Management Member or Management Member's representatives Purchaser concerning the UnitsSecurities or the Company and its prospects, the Company, the Subsidiaries or their respective prospects subsidiaries or other mattersmatters except as set forth in this Agreement and the Memorandum;
(fd) the Management Member Purchaser has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units Securities and to obtain any additional information which requested by the Management Member deems necessaryPurchaser;
(e) the Purchaser is an officer, member of management or key employee of the Company or one of its subsidiaries and as such has a high level of familiarity with the business, operations, financial condition and prospects of the Company and its subsidiaries; and
(gf) all information which the Management Member Purchaser has provided sufficient available financial resources to provide adequately for the Company Purchaser’s needs currently and in the Company's representatives concerning future, including possible personal contingencies, and can bear the Management Member and the Management Member's financial position is economic risk of a complete and correct as loss of the date of this AgreementPurchaser’s investment hereunder (including the Note) without materially affecting the Purchaser’s financial condition.
Appears in 2 contracts
Samples: Management Subscription Agreement (Vertis Inc), Management Subscription Agreement (Vertis Inc)
Additional Investment Representations. Each Management Member The Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member the Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's the Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's the Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyAcquisition, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) the Executive is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act.
Appears in 2 contracts
Samples: Management Unit Subscription Agreement (Pinnacle Foods Finance LLC), Management Unit Subscription Agreement (Pinnacle Foods Finance LLC)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Purchase Date and for an indefinite period following such datethe Purchase Date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive engages in Competitive Activity or ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” under the Securities Act, as indicated on the Master Signature Page.
Appears in 2 contracts
Samples: Management Unit Subscription Agreement (PGA Holdings, Inc.), Management Unit Subscription Agreement (PGA Holdings, Inc.)
Additional Investment Representations. Each Management Member The Stockholder represents and warrants that:
(a) the Management MemberStockholder's financial situation is such that such Management Member he can afford to bear the economic risk of holding the Units Common Stock for an indefinite period of time, has adequate means for providing for the Management Member's his current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's his investment in the Units;Common Stock; 5 5
(b) the Management MemberStockholder's knowledge and experience in financial and business matters are such that the Management Member he is capable of evaluating the merits and risks of the investment in the UnitsCommon Stock, as contemplated by this Agreement;
(c) the Management Member Stockholder understands that the Units are Common Stock is a speculative investment which involves a high degree of risk of loss of Management Member's his investment therein, there are substantial restrictions on the transferability of the Units Common Stock and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Common Stock and, accordingly, it may not be possible for the Management Member Stockholder to liquidate the Management Member's his investment including in case of emergency, if at all;
(d) the terms of this the Stockholders Agreement provide that if in the Management Member event that the Stockholder ceases to provide services to the Company and its Affiliatesbe an employee of Sheridan, the Company Company, Sheridan, Vestar (as defined in the Stockholders Agreement) and its Affiliates their designated affiliates have the right to repurchase the Units Common Stock at a price which may may, in certain circumstances, be less than the Fair Market Value thereoffair market value of such stock;
(e) the Management Member Stockholder understands and has taken cognizance of all the risk factors related to the purchase of the Units Common Stock and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Stockholder or Management Member's his representatives concerning the Units, Common Stock or the Company, the Subsidiaries its subsidiaries or their respective prospects or other matters;
(f) in making his decision to purchase the Management Member Common Stock hereby subscribed for, the Stockholder has relied upon independent investigations made by him and, to the extent believed by the Stockholder to be appropriate, his representatives, including his own professional, financial, tax and other advisors;
(g) the Stockholder has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units Common Stock and to obtain any additional information which information, in each case as the Management Member Stockholder or his representatives deems necessary; and;
(gh) all information which the Management Member Stockholder has provided to the Company and the Company's its representatives concerning the Management Member Stockholder and the Management Member's his financial position is complete and correct as of the date of this Agreement; and
(i) the Stockholder is an "accredited investor" within the meaning of Rule 501 of Regulation D under the Securities Act.
Appears in 2 contracts
Samples: Subscription and Tender Agreement (Vestar Sheridan Inc), Subscription and Tender Agreement (Vestar Sheridan Inc)
Additional Investment Representations. Each Management Member The Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services be an employee of the Company or its subsidiaries, Unvested Units are subject to forfeiture and the Company and its Affiliates, the Company and its Affiliates affiliates have the right to repurchase the Vested Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement.
Appears in 2 contracts
Samples: Management Unit Subscription Agreement (Civitas Solutions, Inc.), Management Unit Subscription Agreement (National Mentor Holdings, Inc.)
Additional Investment Representations. Each Management Member Employee represents and warrants that:
(a) Employee has no need of liquidity with respect to its investment in the Management Member's financial situation is such that such Management Member can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingenciesCommon Units, and Employee can afford to suffer a complete loss of the Management Member's Employee’s investment in the UnitsCommon Units and can afford to hold the Common Units for an indefinite period of time;
(b) the Management Member's Employee’s knowledge and experience in financial and business matters are such that the Management Member Employee is capable of evaluating the merits and risks of the investment in the Common Units and is able to bear such risk, and Employee has obtained, in his or her judgment, sufficient information from the Company to evaluate the merits and risks of an investment in the Common Units;
(c) the Management Member Employee understands that the Common Units are a speculative investment which involves a high degree of risk of loss of Management Member's Employee’s investment therein, there are substantial restrictions on the transferability and Employee is aware of the Units and, on the date on which such Management Member acquires such limited ability to transfer Common Units and for an indefinite period following such datehas carefully reviewed, there will be no public market for considered and understands the Units and, accordingly, it may not be possible for provisions relating to transfers with respect to the Management Member to liquidate Company as described in the Management Member's investment including in case of emergency, if at allOperating Agreement;
(d) the terms of this Agreement and the Operating Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliatesthat, under certain conditions, the Company and its Affiliates have has the right to repurchase the Common Units at a price which may that may, in certain circumstances, be less than the Fair Market Value thereofthereof or Employee may forfeit the Common Units;
(e) the Management Member Employee understands and has taken cognizance of all the risk factors related to the purchase acquisition of the Common Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Employee or Management Member's Employee’s representatives concerning the Units, Common Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) Employee has been provided an opportunity to obtain additional information concerning the Management Member Common Units and the Company and its Affiliates to the extent the Company possesses or can acquire such information without unreasonable effort or expense, and Employee has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesAffiliates, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents Operating Agreement and the terms and conditions of the purchase acquisition of the Common Units and to obtain any additional information which the Management Member deems necessaryother matters pertaining thereto; and
(g) all information which the Management Member Employee has provided to the Company and the Company's ’s representatives concerning the Management Member Employee and the Management Member's Employee’s financial position is complete and correct as of the date of this Agreement.
Appears in 1 contract
Samples: Restricted Unit Award Agreement (Westrock Coffee Holdings, LLC)
Additional Investment Representations. Each Management Member Participant represents and warrants that:
(a) the Management Member's Participant’s financial situation is such that such Management Member Participant can afford to bear the economic risk of holding the LTIP Units for an indefinite period of time, has adequate means for providing for the Management Member's Participant’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Participant’s investment in the LTIP Units;
(b) the Management Member's Participant’s knowledge and experience in financial and business matters are such that the Management Member Participant is capable of evaluating the merits and risks of the investment in the LTIP Units;
(c) the Management Member Participant understands that the LTIP Units are a speculative investment which involves a high degree of risk of loss of Management Member's Participant’s investment therein, there are substantial restrictions on the transferability of the LTIP Units and, on the date on which such Management Member acquires such Units Effective Date and for an indefinite period following such datethe Closing, there will be no public market for the LTIP Units and, accordingly, it may not be possible for the Management Member Participant to liquidate the Management Member's Participant’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Participant understands and has taken cognizance of all the risk factors related to the purchase of the LTIP Units and, other than as set forth in this Agreement and the Partnership Agreement, no representations or warranties have been made to the Management Member Participant or Management Member's Participant’s representatives concerning the UnitsLTIP Units or the Company or the Partnership, the Company, the Subsidiaries or their respective prospects or other matters;
(fe) the Management Member Participant has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Partnership Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the LTIP Units and to obtain any additional information which the Management Member Participant deems necessary; and
(gf) all Participant is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act. The undersigned acquired OP Units (the “Units”) of Brixmor Operating Partnership LP (the “Partnership”) on [date] (the “Transfer Date”). The undersigned desires to make an election to have the Units taxed under the provision of Section 83(b) of the Internal Revenue Code of 1986, as amended (“Code §83(b)”), at the time the undersigned acquired the Units. Therefore, pursuant to Code §83(b) and Treasury Regulation §1.83-2 promulgated thereunder, the undersigned hereby makes an election, with respect to the Units (described below), to report as taxable income for calendar year 2014 the excess, if any, of the Units’ fair market value on the Transfer Date over the acquisition price thereof. The following information is supplied in accordance with Treasury Regulation §1.83-2(e):
1. The name, address and social security number of the undersigned: [Name] [Address] SSN: ____-___-_____
2. A description of the property with respect to which the Management Member has provided to election is being made: [●] OP Units in the Company and the Company's representatives concerning the Management Member and the Management Member's financial position is complete and correct as of the date of this Agreement.Partnership
Appears in 1 contract
Samples: Ltip Unit Agreement (Brixmor Operating Partnership LP)
Additional Investment Representations. Each Management Member Advisor represents and warrants that:
(a) the Management Member's Advisor’s financial situation is such that such Management Member Advisor can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Advisor’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Advisor’s investment in the Units;
(b) the Management Member's Advisor’s knowledge and experience in financial and business matters are such that the Management Member Advisor is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Advisor understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Advisor’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Advisor to liquidate the Management Member's Advisor’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Advisor understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Advisor or Management Member's Advisor’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(fe) the Management Member Advisor has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Advisor deems necessary; and;
(gf) all information which the Management Member Advisor has provided to the Company and the Company's ’s representatives concerning the Management Member Advisor and the Management Member's Advisor’s financial position is complete and correct in all material respects as of the date of this Agreement; and
(g) Advisor is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act.
Appears in 1 contract
Samples: Management Unit Subscription Agreement (Apria Healthcare Group Inc)
Additional Investment Representations. Each Management Member Participant represents and warrants that:
(a) Participant has no need of liquidity with respect to its investment in the Management Member's financial situation is such that such Management Member can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingenciesCommon Units, and Participant can afford to suffer a complete loss of the Management Member's Participant’s investment in the UnitsCommon Units and can afford to hold the Common Units for an indefinite period of time;
(b) the Management Member's Participant’s knowledge and experience in financial and business matters are such that the Management Member Participant is capable of evaluating the merits and risks of the investment in the Common Units and is able to bear such risk, and Participant has obtained, in his or her judgment, sufficient information from the Company to evaluate the merits and risks of an investment in the Common Units;
(c) the Management Member Participant understands that the Common Units are a speculative investment which involves a high degree of risk of loss of Management Member's Participant’s investment therein, there are substantial restrictions on the transferability and Participant is aware of the Units and, on the date on which such Management Member acquires such limited ability to transfer Common Units and for an indefinite period following such datehas carefully reviewed, there will be no public market for considered and understands the Units and, accordingly, it may not be possible for provisions relating to transfers with respect to the Management Member to liquidate Company as described in the Management Member's investment including in case of emergency, if at allOperating Agreement;
(d) the terms of this Agreement and the Operating Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliatesthat, under certain conditions, the Company and its Affiliates have has the right to repurchase the Common Units at a price which may that may, in certain circumstances, be less than the Fair Market Value thereofthereof or Participant may forfeit the Options or Common Units acquired thereunder;
(e) the Management Member Participant understands and has taken cognizance of all the risk factors related to the purchase acquisition of the Common Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Participant or Management Member's Participant’s representatives concerning the Units, Common Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) Participant has been provided an opportunity to obtain additional information concerning the Management Member Common Units and the Company and its Affiliates to the extent the Company possesses or can acquire such information without unreasonable effort or expense, and Participant has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesAffiliates, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents Operating Agreement and the terms and conditions of the purchase acquisition of the Common Units and to obtain any additional information which the Management Member deems necessaryother matters pertaining thereto; and
(g) all information which the Management Member Participant has provided to the Company and the Company's ’s representatives concerning the Management Member Participant and the Management Member's Participant’s financial position is complete and correct as of the date of this Agreement.
Appears in 1 contract
Samples: Option Award Agreement (Westrock Coffee Holdings, LLC)
Additional Investment Representations. Each Management Service Member represents and warrants that:
(a) the Management Service Member's ’s financial situation is such that such Management Service Member can afford to bear the economic risk of holding the Incentive Units for an indefinite period of time, has adequate means for providing for the Management Service Member's ’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Service Member's ’s investment in the Incentive Units;
(b) the Management Service Member's ’s knowledge and experience in financial and business matters are such that the Management Service Member is capable of evaluating the merits and risks of the investment in the Incentive Units;
(c) the Management Service Member understands that the Incentive Units are a speculative investment which involves a high degree of risk of loss of Management Service Member's ’s investment therein, there are substantial restrictions on the transferability of the Incentive Units (including those set forth in the Operating Agreement) and, on the date on which such Management Member acquires such Units Issuance Closing Date and for an indefinite period following such datethe Issuance Closing, there will be no public market for the Incentive Units and, accordingly, it may not be possible for the Management Service Member to liquidate the Management Service Member's ’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that that, if the Management under certain circumstances Service Member ceases to provide services to the Company and its Affiliatesbe an employee of, or service provider to, the Company or its Subsidiaries, Unvested Units will be forfeited, and its Affiliates have the Company has the right to repurchase the Incentive Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Service Member understands and has taken cognizance of all the risk factors related to the purchase his or her acceptance of the Incentive Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Service Member or Management Service Member's ’s representatives concerning the Units, the Company, the Subsidiaries Incentive Units or any Company Group Member or their respective prospects or other matters;
(f) the Management Service Member has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning any Company Group Member (including the Operating Agreement and the organizational documents of the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents Group Members) and the terms and conditions of the purchase acquisition of the Incentive Units and to obtain any additional information which the Management Service Member deems necessary; and;
(g) all information which the Management Service Member has provided to the Company and the Company's ’s representatives concerning the Management Service Member and the Management Service Member's ’s financial position is complete and correct as of the date of this Agreement; and
(h) Service Member has indicated on Service Member’s Master Signature Page whether he or she is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act.
Appears in 1 contract
Samples: Service Member Unit Issuance Agreement (AssetMark Financial Holdings, Inc.)
Additional Investment Representations. Each Management Member Investor represents and warrants that:
that (a) the such Management MemberInvestor's financial situation is such that such Management Member Investor can afford to bear the economic risk of holding the Units Management Shares for an indefinite period of time, has adequate means for providing for the Management Member's current needs time and personal contingencies, and can afford to suffer a complete loss of the such Management MemberInvestor's investment in the Units;
Management Shares; (b) the such Management MemberInvestor's knowledge and experience in financial and business matters are such that the such Management Member Investor is capable of evaluating the merits and risks of the such Management Investor's investment in the Units;
Management Shares, or such Management Investor has been advised by a purchaser representative (as such term is defined in Rule 501(n) of the General Rules and Regulations promulgated under the Securities Act) possessing such knowledge and experience; (c) the such Management Member Investor understands that the Units Management Shares are a speculative investment which involves involve a high degree of risk of loss of such Management MemberInvestor's investment therein, that there are substantial restrictions on the transferability of the Units and, Management Shares and that on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such date, the Closing there will be no public market for the Units Management Shares and, accordingly, it may not be possible for the Management Member to liquidate the such Management MemberInvestor's investment in Holdings at all, including in case of emergency, if at all;
; (d) such Management Investor and such Management Investor's representatives, including such Management Investor's professional, tax and other advisors, have carefully reviewed the terms of this Agreement provide that if the Management Member ceases financial and other information with respect to provide services to the Company and its AffiliatesXxxx, the Company and its Affiliates have Holdings (including with respect to the right Acquisitions) supplied to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the them and such Management Member Investor understands and has taken cognizance of (or has been advised by such Management Investor's representatives as to) all the risk factors risks related to an investment in the purchase of Management Shares; (e) in making such Management Investor's decision to invest in the Units Management Shares hereunder, such Management Investor has relied upon independent investigations made by such Management Investor and, other than as set forth in this Agreement, no representations or warranties have been made to the extent believed by such Management Member or Investor to be appropriate, such Management MemberInvestor's representatives concerning the Unitsrepresentatives, the Companyincluding such Management Investor's own professional, the Subsidiaries or their respective prospects or tax and other matters;
advisors; (f) the such Management Member has Investor and such Management Investor's representatives have been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company Holdings and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of investment in the Units Management Shares and to obtain any additional information which necessary to verify the accuracy of the information supplied to them, and no representations have been made to such Management Member deems necessary; and
(g) all information which the Management Member has provided to the Company and the Company's Investor or such representatives concerning the Management Member Shares, Xxxx, the Company, Holdings, their respective subsidiaries, their businesses or prospects or other matters, except as set forth herein; and (g) such Management Investor is an officer or key employee of Holdings or one of its subsidiaries or is otherwise currently engaged as a senior executive or consultant or has significant business experience in the Management Member's financial position is complete and correct as printing press manufacturing or similar business and, in any such case, expects, after the Acquisition, to be an officer or key employee of, director of, or consultant to, Holdings or one or more of the date of this Agreementits subsidiaries.
Appears in 1 contract
Samples: Management Stock Subscription Agreement (Goss Graphic Systems Inc)
Additional Investment Representations. Each Management Member represents Upon each exercise of the Options, Executive shall represent and warrants warrant that:
(a) the Management MemberExecutive's financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Common Units for an indefinite period of time, has adequate means for providing for the Management MemberExecutive's current needs and personal contingencies, and can afford to suffer a complete loss of the Management MemberExecutive's investment in the Common Units;
(b) the Management MemberExecutive's knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Common Units;
(c) the Management Member Executive understands that the Common Units are a speculative investment which involves a high degree of risk of loss of Management MemberExecutive's investment therein, there are substantial restrictions on the transferability of the Units Common Units, and, on the date on which such Management Member acquires such Units of Executive's exercise of the Options and for an indefinite period following such datethereafter, there will may be no public market for the Common Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management MemberExecutive's investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if in the Management Member event that Executive ceases to provide services to the Company and its Affiliatesbe an Employee, the Company and its Affiliates have has the right to repurchase the Common Units issued upon exercise of the Options at a price which may be less than the Fair Market Value thereofof such Common Units;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units Common Units, and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management MemberExecutive's representatives concerning the Units, Common Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyReorganization, the LLC Securityholders Agreement, the Company's organizational documents Limited Liability Company Agreement and the terms and conditions of the purchase of the Common Units and to obtain any additional information which the Management Member Executive deems necessary; and
(g) all information which the Management Member Executive has provided to the Company and the Company's representatives concerning the Management Member Executive and the Management MemberExecutive's financial position is complete and correct as of the date of this Agreement.
Appears in 1 contract
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the indirect interest in the Incentive Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s indirect investment in the Incentive Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the indirect investment in the Incentive Units;
(c) the Management Member Executive understands that the Incentive Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s indirect investment therein, there are substantial restrictions on the transferability of the Incentive Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Incentive Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s indirect investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to be an employee of the Company and its AffiliatesGroup, the Company and its Affiliates have Parent has the right to repurchase or redeem the Incentive Units at a price which may may, under certain limited circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all of the risk factors related to the purchase of the Incentive Units and, other than as set forth in this Agreement, the Parent LP Agreement and the Securityholders Agreement, no representations or warranties have been made to the Management Member Executive Investment Vehicle, Executive or Management Member's Executive’s representatives concerning the Units, the Company, the Subsidiaries Incentive Units or Parent or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company Parent and its representatives concerning the Company and its subsidiariesGroup, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Parent LP Agreement, the Company's Securityholders Agreement, Parent’s organizational documents and the terms and conditions of the purchase of the Incentive Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company Parent and the Company's Parent’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement in all material respects; and
(h) Executive is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Executive’s Signature Page. Parent represents and warrants to Executive as of the date hereof as follows:
(a) It is a duly organized limited partnership, validly existing and in good standing under the laws of Delaware, and has all requisite legal power to enter into this Agreement, the Parent LP Agreement and the Securityholders Agreement, perform its obligations hereunder, and own its properties and assets.
(b) All actions on the part of Parent necessary for the execution and delivery by it of this Agreement and the performance of its obligations hereunder have been taken. This Agreement has been duly executed and delivered by Parent and it constitutes a valid and legally binding obligation of Parent, except as enforceability may be limited by Laws relating to bankruptcy, reorganization, insolvency and creditors’ rights and by the availability of injunctive relief, specific performance and other equitable remedies.
(c) None of the execution and delivery by Parent of this Agreement, the consummation by Parent of the transactions contemplated hereby, or compliance by Parent with any of the provisions hereof does or will conflict with, or result in any violation of or default (with or without notice or lapse of time, or both) under (i) any order of any governmental entity applicable to Parent or by which any of the properties or assets of Parent are bound or (ii) any organizational documents of Parent.
(d) Save as set out in this Agreement, no member of the Company Group has relied on, or been induced to enter into this Agreement by, any information (written or oral), statements or warranties or representations of any description made, supplied or given by or on behalf of Executive or any of Executive’s agents or advisers in relation to the assets and liabilities of the Company Group, their value or amount, or the businesses or affairs of the Company Group or otherwise.
(e) Except for the representations and warranties contained in this Agreement, the Founder Agreement, the Parent LP Agreement and the Securityholders Agreement, Executive has not made and does not make any other representations or warranties, written or oral, statutory, express or implied, in connection with this Agreement or the transactions contemplated hereby.
Appears in 1 contract
Samples: Incentive Unit Subscription Agreement (Bumble Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member under certain circumstances Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) to the best of Executive actual knowledge, all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Executive’s Master Signature Page.
Appears in 1 contract
Samples: Management Unit Subscription Agreement (Apria Healthcare Group Inc)
Additional Investment Representations. Each Management Member The Employee represents and warrants that:
that (ai) the Management MemberEmployee's financial situation is such that such Management Member the Employee can afford to bear the economic risk of holding the Units Options or Plan Shares, as applicable, for an indefinite period of time, has adequate means for providing for the Management Member's current needs time and personal contingencies, and can afford to suffer a complete loss of the Management MemberEmployee's investment in the Units;
Options or Plan Shares, as applicable; (bii) the Management MemberEmployee's knowledge and experience in financial and business matters (and, in particular, with respect to the Company) are such that the Management Member Employee is capable of evaluating the merits and risks of the Employee's investment in the Units;
Options or Plan Shares, as applicable; (ciii) the Management Member Employee understands that the Units Options or Plan Shares, as applicable, are a speculative investment which involves a high degree of risk of loss of Management Memberthe Employee's investment therein, that there are substantial restrictions on the transferability of the Units andOptions or Plan Shares, as applicable, and that on the date on which such Management Member acquires such Units of this Agreement and for an indefinite period following such date, date there will be no public market for the Units Options or Plan Shares, as applicable, and, accordingly, it may not be possible for the Management Member to liquidate the Management MemberEmployee's investment in the Company at all, including in case of emergency, if at all;
; (div) the terms of this Agreement provide that if Employee and the Management Member ceases to provide services Employee's representatives, including the Employee's professional, tax and other advisors, have carefully reviewed the financial and other information with respect to the Company Company, and its Affiliates, subsidiaries supplied to them and the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Employee understands and has taken cognizance of (or has been advised by the Employee's representatives as to) all the risk factors risks related to an investment in the purchase of Options or Plan Shares, as applicable; (v) in making the Units Employee's decision to invest in the Options or Plan Shares, as applicable, hereunder, the Employee has relied upon independent investigations made by the Employee and, to the extent believed by the Employee to be appropriate, the Employee's representatives, including the Employee's own professional, tax and other than as set forth in advisors; (vi) the Employee and the Employee's representatives have received and read this Agreement, no representations the Plan and the Stockholders' Agreement and all other documents related to and executed or warranties to be executed in connection with the transactions contemplated hereby and thereby, and have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(f) the Management Member has been given the opportunity to examine for a reasonable time prior to the date hereof all documents and to ask questions of, and to receive answers from, the Company and its their respective representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of investment in the Units Options or Plan Shares, as applicable, and to obtain any additional information which the Management Member deems necessary; and
(g) Company and its subsidiaries possess or can acquire without unreasonable effort or expense, necessary to verify the accuracy of the information supplied to it, and the Employee and the Employee's representatives have received all additional information which the Management Member has provided requested by them, and no representations have been made to the Company and the Company's Employee or such representatives concerning the Management Member Options or Plan Shares, their respective affiliates, their businesses or prospects or other matters; and (vii) the Management Member's financial Employee is an officer of the Company holding the position is complete and correct of President as of the date hereof, is familiar with the operations and businesses of this Agreementthe Company, has access to all material financial and other information available from the Company, and has significant business experience in the party goods or similar business and, in any such case, expects to be an officer of the Company.
Appears in 1 contract
Additional Investment Representations. Each Management Member Individual represents and warrants that:
(a) the Management Member's Individual’s financial situation is such that such Management Member Individual can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Individual’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Individual’s investment in the Units;
(b) the Management Member's Individual’s knowledge and experience in financial and business matters are such that the Management Member Individual is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Individual understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Individual’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Individual to liquidate the Management Member's Individual’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliatesunder certain circumstances, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Individual understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Individual or Management Member's Individual’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Individual has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Individual deems necessary; and;
(g) all information which the Management Member Individual has provided to the Company and the Company's ’s representatives concerning the Management Member Individual and the Management Member's Individual’s financial position is complete and correct as of the date of this Agreement; and
(h) Individual is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act.
Appears in 1 contract
Samples: Management Unit Subscription Agreement (Apria Healthcare Group Inc)
Additional Investment Representations. Each Management Member The Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member the Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's the Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's the Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) the Executive is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act.
Appears in 1 contract
Samples: Management Unit Subscription Agreement (Pinnacle Foods Finance LLC)
Additional Investment Representations. Each Management Member Director represents and warrants that:
(a) the Management Member's Director’s financial situation is such that such Management Member Director can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Director’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Director’s investment in the Units;
(b) the Management Member's Director’s knowledge and experience in financial and business matters are such that the Management Member Director is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Director understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Director’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Director to liquidate the Management Member's Director’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Director understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Director or Management Member's Director’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(fe) the Management Member Director has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Director deems necessary; and;
(gf) all information which the Management Member Director has provided to the Company and the Company's ’s representatives concerning the Management Member Director and the Management Member's Director’s financial position is complete and correct as of the date of this Agreement; and
(g) Director is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Director’s Master Signature Page.
Appears in 1 contract
Samples: Management Unit Subscription Agreement (Apria Healthcare Group Inc)
Additional Investment Representations. Each Management Member represents (i) Purchaser has carefully reviewed, is familiar with and warrants that:understands the Memorandum, the Other Purchaser Agreements and the other documents, records and information, if any, requested by Purchaser or otherwise supplied by the Company in connection with the Offering and further understands that certain information set forth in the Memorandum is inapplicable to the Offering hereunder including, without limitation, certain information regarding the offering price of shares of Common Stock and the exercise price of Options and all provisions therein regarding the 1996 Employee Stock Option Plan;
(aii) Purchaser acknowledges that (w) the Management Member's financial situation company has previously conducted an offering of its Common Stock pursuant to the terms and conditions set forth in the Memorandum (the 111996 Offering"), (x) certain terms and conditions of the Offering are different than those which governed the 1996 Offering, (y) the Purchase Price at which the Shares are being offered to Purchaser is different than the purchase price offered to offerees of the 1996 Offering and (z) to the extent Purchaser is granted Options, such that such Management Member can afford options shall not be granted to bear Purchaser pursuant to the economic risk of holding Company 1996 Employee Stock Option Plan (the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingencies1996 Plan"), and can afford accordingly, Purchaser shall have no right to suffer participate in the 1996 Plan, any reference to the 1996 Plan in the Memorandum, including any reference to Purchaser becoming a complete loss of party to a Stock Option Agreement under the Management Member's 1996 Plan, being inapplicable to the Offering;
(iii) All documents, records and information pertaining to an investment in the UnitsCompany which have been requested by Purchaser have been made available or delivered to Purchaser, except to the extent otherwise addressed in the Memorandum;
(biv) Purchaser is fully familiar with the Management Member's knowledge business and experience in financial and business matters are such that the Management Member is capable operations of evaluating the merits and risks of the investment in the Units;
(c) the Management Member understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units and for an indefinite period following such date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member to liquidate the Management Member's investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(f) the Management Member has been given the had an opportunity to examine all documents and to ask questions of, of and to receive answers from, from the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of Purchaser's investment and the purchase financial condition, operations and prospects of the Units and to obtain any additional information which the Management Member deems necessary; andCompany;
(gv) all information which the Management Member has provided to No oral or written statement, printed material or inducement given or made by the Company and or any of the Company's representatives concerning affiliates is contrary to the Management Member information contained in this Agreement, the Memorandum or the Other Purchaser Agreements, and Purchaser acknowledges and agrees that in making Purchaser's decision to purchase the Shares, Purchaser has relied solely on such documents and the Management Memberindependent investigations made by Purchaser and, to the extent believed by Purchaser to be appropriate, Purchaser's financial position representatives, including Purchaser's own professional, financial, legal, tax and other advisors;
(vi) Purchaser acknowledges that the Company, in reliance upon certain federal and state securities law exemptions, has provided Purchaser with less or different information than Purchaser would have received if an information memorandum complying with Rule 502(b)(2) of Regulation D promulgated pursuant to the Securities Act had been prepared and made available to Purchaser or if the Shares had been registered pursuant to the Securities Act. The foregoing notwithstanding, the information provided to Purchaser is complete sufficient to allow Purchaser to make a knowledgeable and correct as of informed decision regarding Purchaser's investment in the date of this Agreement.Shares;
Appears in 1 contract
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units Shares for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the UnitsShares;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the UnitsShares;
(c) the Management Member Executive understands that the Units Shares are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units Shares and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that that, with respect to the Shares received upon exercise of the Option only, if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units Shares at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units Shares and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Shares or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyAcquisition, the LLC Plan, the Stock Option Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units Shares and to obtain any additional information which the Management Member Executive deems necessary; and
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement.
Appears in 1 contract
Samples: Management Equity Subscription Agreement (R.P. Scherer Technologies, Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a1) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units Interests for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the UnitsInterests;
(b2) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the UnitsInterests;
(c3) the Management Member Executive understands that the Units Interests are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units Interests and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Interests and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d4) the terms of this Agreement provide that that, with respect to the Interests issued to Executive pursuant to this Agreement, if the Management Member Executive ceases to provide services to the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units Interests at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e5) the Management Member Executive understands and has taken cognizance is cognizant of all the risk factors related to the grant or purchase of the Units Interests and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Interests or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f6) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyAcquisition, the LLC Securityholders Agreement, the LP Agreement, the Company's ’s and its general partner’s organizational documents and the terms tenns and conditions of the purchase of the Units Interests and to obtain any additional information which the Management Member Executive deems necessary; and
(g7) all information which Executive is an “accredited investor” within the Management Member has provided to meaning of Rule 501(a) under the Company and the Company's representatives concerning the Management Member and the Management Member's financial position is complete and correct as of the date of this AgreementSecurities Act.
Appears in 1 contract
Samples: Executive Interest Subscription Agreement (Laureate Education, Inc.)
Additional Investment Representations. Each Management Member represents The Director and warrants FFI represent and warrant that:
(a) the Management Member's FFI’s financial situation is such that such Management Member FFI can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's FFI’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's FFI’s investment in the Units;
(b) the Management Member's FFI’s knowledge and experience in financial and business matters are such that the Management Member FFI is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member FFI understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's FFI’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member FFI to liquidate the Management Member's FFI’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Director ceases to provide services to be a member of the Company and its AffiliatesBoard, the Company and its Affiliates affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member FFI understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member FFI or Management Member's FFI’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member FFI has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member FFI deems necessary; and;
(g) all information which the Management Member FFI has provided to the Company and the Company's ’s representatives concerning the Management Member FFI and the Management Member's FFI’s financial position is complete and correct as of the date of this Agreement;
(h) FFI is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act; and
(i) the sole members of FFI are the Director, his spouse, his two daughters and his two sons-in-law.
Appears in 1 contract
Samples: Director Unit Subscription Agreement (Massachusetts Mentor, Inc.)
Additional Investment Representations. Each Management Member The Participant represents and warrants that:
(a) the Management Member's Participant is or is not an “accredited investor” within the meaning of Rule 501 of Regulation D under the Securities Act, as indicated on the Signature Page;
(b) the Participant’s financial situation is such that such Management Member the Participant can afford to bear the economic risk of holding the Subscribed Units for an indefinite period of time, has adequate means for providing for the Management Member's Participant’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Participant’s investment in the Subscribed Units;
(bc) the Management Member's Participant’s knowledge and experience in financial and business matters are such that the Management Member Participant is capable of evaluating the merits and risks of the investment in the Subscribed Units;
(cd) the Management Member Participant understands that the Subscribed Units are a speculative investment which involves a high degree of risk of loss of Management Member's the Participant’s investment therein, there are substantial restrictions on the transferability of the Subscribed Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Subscribed Units and, accordingly, it may not be possible for the Management Member Participant to liquidate the Management Member's Participant’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Participant understands and has taken cognizance of all the risk factors related to the purchase of the Subscribed Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Participant or Management Member's the Participant’s representatives concerning the Subscribed Units, the CompanyPartnership, the Subsidiaries Parent or their respective prospects or other matters;; and
(f) the Management Member Participant (i) has been given advised that Sponsor and/or its Affiliates have entered or will enter into a management services or similar agreement with Parent and certain of its Affiliates (the opportunity “Parent Parties”) providing for the payment of certain advisory, monitoring, transactional, oversight and similar fees and expenses to examine all documents and indemnification of Sponsor and/or its Affiliates (and its and their respective employees, officers, directors, agents and advisors) by the Parent Parties (the “Management Agreements”) and (ii) waives any right the Participant may have to ask questions ofapprove, and or to receive answers fromclaim any damages with respect to, the Company and its representatives concerning entry by the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which Parent Parties into the Management Member deems necessary; and
(g) all information which Agreements or the Management Member has provided to performance by the Company and the Company's representatives concerning the Management Member and the Management Member's financial position is complete and correct as Parent Parties of the date of this Agreementtheir obligations thereunder.
Appears in 1 contract
Samples: Subscription Agreement (Bumble Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Incentive Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Incentive Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Incentive Units;
(c) the Management Member Executive understands that the Incentive Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Incentive Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Incentive Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have has the right to repurchase the Incentive Units and any Class A-2 Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all of the risk factors related to the purchase of the Incentive Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Incentive Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanySubsidiaries, the LLC Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Incentive Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on the Signature Page.
Appears in 1 contract
Samples: Management Unit Subscription Agreement (Nevada Property 1 LLC)
Additional Investment Representations. Each Management Member represents (i) Purchaser has carefully reviewed, is familiar with and warrants that:understands the Memorandum, the 1993 Stockholders' Agreement, the Note, the Pledge Agreement, the Option Agreement and the other documents, records and information, if any, requested by Purchaser or otherwise supplied by the Company in connection with the Offering;
(aii) All documents, records and information pertaining to an investment in the Management MemberCompany which have been requested by Purchaser have been made available or delivered to Purchaser, except to the extent otherwise addressed in the Memorandum;
(iii) Purchaser is fully familiar with the business and operations of the Company and has had an opportunity to ask questions of and receive answers from the Company concerning the terms and conditions of his investment and the financial condition, operations and prospects of the Company;
(iv) No oral or written statement, printed material or inducement given or made by the Company or any of the Company's affiliates is contrary to the information contained in this Agreement, the Memorandum, the 1993 Stockholders' Agreement, the Note or the Pledge Agreement, and Purchaser acknowledges and agrees that in making his decision to purchase the Shares he has relied solely on such documents and the independent investigations made by him and, to the extent believed by Purchaser to be appropriate, his representatives, including his own professional, financial, legal, tax and other advisors;
(v) Purchaser (A) has adequate means of providing for his current financial situation is such that such Management Member needs and possible personal contingencies and has no need for liquidity in his investment in the Shares, (B) can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's losing his entire investment in the Units;
Shares, (bC) the Management Member's has such knowledge and experience in financial and business matters are such that the Management Member he is capable of evaluating the relative risks and merits of his purchase of the Shares, (D) is familiar with the nature of, and risks attendant to, his purchase of the investment in the Units;
Shares, and (cE) the Management Member understands has determined that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units and for an indefinite period following such date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member to liquidate the Management Member's investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as Shares is consistent with Purchaser's financial objectives;
(vi) Purchaser realizes that he may not be able to sell or dispose of the Shares even in the event of a personal emergency. Purchaser's overall commitment to investments which are not readily marketable (including his investment in the Shares) is not disproportionate to his net worth;
(vii) The address set forth on the signature page hereof is Purchaser's true and correct residence, and Purchaser has no present intention of becoming a domiciliary of any other state or jurisdiction;
(viii) Purchaser has no reason to anticipate any change in his circumstances, financial or otherwise, which may cause or require any sale or disposition by him of any of the Shares;
(ix) This Agreement has been duly and validly executed and delivered by Purchaser and constitutes the valid and binding obligation of Purchaser enforceable against him, his successors and assigns, including, but not limited to, his estate and his spouse, in accordance with its terms;
(x) Assuming the due execution and delivery of this Agreement, no representations or warranties have been made to the Management Member or Management Member's representatives concerning the Units, Agreement by the Company, this Agreement is a valid and binding obligation of the Subsidiaries or their respective prospects Purchaser, enforceable against the Purchaser in accordance with its terms, except as such enforcement may be subject to (i) bankruptcy: insolvency, reorganization, moratorium or other matters;
similar laws now or hereafter in effect relating to creditors rights generally and (fii) the Management Member has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition general principles of Nalco Company and certain Subsidiaries equity (regardless of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member deems necessarywhether such enforcement is considered in a proceeding in equity or at law); and
(gxi) all information which the Management Member The Company has provided not guaranteed, represented or warranted to Purchaser either that (A) the Company and will be profitable or that Purchaser will realize profits, as a result of his investment in the Company's representatives concerning Shares or (B) the Management Member and past performance or experience on the Management Member's financial position is complete and correct as part of any officer, director, stockholder, employee, agent, representative or affiliate thereof, or any employee, agent, representative or affiliate of the date Company will in any way indicate the predictable results of this Agreementownership of the Shares.
Appears in 1 contract
Additional Investment Representations. Each Management Member The Employee represents and warrants that:
(a) the Management Member's Employee’s financial situation is such that such Management Member Employee can afford to bear the economic risk of holding the Units Participation Shares for an indefinite period of time, has adequate means for providing for the Management Member's Employee’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Employee’s investment in the UnitsParticipation Shares;
(b) the Management Member's Employee’s knowledge and experience in financial and business matters are such that the Management Member Employee is capable of evaluating the merits and risks of the investment in the UnitsParticipation Shares;
(c) the Management Member Employee understands that the Units Participation Shares are a speculative investment which involves a high degree of risk of loss of Management Member's Employee’s investment therein, there are substantial restrictions on the transferability of the Units Participation Shares and, on the date on which such Management Member acquires such Units Grant Date and for an indefinite period following such datethereafter, there will be no public market for the Units Participation Shares and, accordingly, it may not be possible for the Management Member Employee to liquidate the Management Member's Employee’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Employee ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates affiliates have the right to repurchase the Units Participation Shares at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Employee understands and has taken cognizance of all the risk factors related to the purchase acquisition of the Units Participation Shares and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Employee or Management Member's Employee’s representatives concerning the Units, Participation Shares or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Employee has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC AgreementSubsidiaries, the Company's ’s organizational documents and the terms and conditions of the purchase acquisition of the Units Participation Shares and to obtain any additional information which the Management Member Employee deems necessary; and
(g) all information which the Management Member Employee has provided to the Company and the Company's ’s representatives concerning the Management Member Employee and the Management Member's Employee’s financial position is complete and correct as of the date of this Agreement.
Appears in 1 contract
Samples: Participation Share Agreement (Archipelago Learning, Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units Shares for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the UnitsShares;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the UnitsShares;
(c) the Management Member Executive understands that the Units Shares are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units Shares and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing Date, there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that that, with respect to the Shares received upon exercise of any options to purchase shares of Common Stock, including, without limitation, the Option, and RSU Shares only, if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units such Shares at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units Shares and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Shares or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyPlan, the LLC Stock Option Agreement, the RSU Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units Shares and to obtain any additional information which the Management Member Executive deems necessary; and
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement.
Appears in 1 contract
Samples: Management Equity Subscription Agreement (Catalent Pharma Solutions, Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Incentive Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Incentive Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Incentive Units;
(c) the Management Member Executive understands that the Incentive Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Incentive Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Incentive Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesAffiliates or Subsidiaries, the Company and its Affiliates shall have the right to repurchase the Incentive Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) The Company and its Affiliates and Subsidiaries are not obligated to employ Executive in any capacity whatsoever, or prohibited or restricted from terminating the Management Member employment of Executive at any time or for any reason whatsoever, with or without Cause;
(f) Executive understands and has taken cognizance of all the risk factors related to the purchase of the Incentive Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Incentive Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(fg) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanySubsidiaries, the LLC Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Incentive Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(gh) all information which the Management Member Executive has provided to the Company and the Company's its representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(i) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on the Master Signature Page.
Appears in 1 contract
Samples: Management Subscription Agreement (APX Group Holdings, Inc.)
Additional Investment Representations. Each Management Member Participant represents and warrants that:
(a) Participant is or is not an accredited investor, as described on the Management Member's Participant Master Signature Page hereto;
(b) Participant’s financial situation is such that such Management Member Participant can afford to bear the economic risk of holding the Units Shares for an indefinite period of time, has adequate means for providing for the Management Member's Participant’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Participant’s investment in the UnitsShares;
(bc) the Management Member's Participant’s knowledge and experience in financial and business matters are such that the Management Member Participant is capable of evaluating the merits and risks of the investment in the UnitsShares;
(cd) the Management Member Participant understands that the Units Shares are a speculative investment which involves a high degree of risk of loss of Management Member's Participant’s investment therein, there are substantial restrictions on the transferability of the Units Shares and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member Participant to liquidate the Management Member's Participant’s investment including in case of emergency, if at all;
(de) the terms of this Agreement provide that that, with respect to the Shares received upon exercise of the Option only, if the Management Member Participant ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units Shares at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(ef) the Management Member Participant understands and has taken cognizance of all the risk factors related to the purchase of the Units Shares and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Participant or Management Member's Participant’s representatives concerning the Units, Shares or the Company, the Subsidiaries Company or their respective prospects or other matters;
(fg) the Management Member Participant has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyMerger, the LLC Plan, the Stock Option Agreement, the Shareholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units Shares and to obtain any additional information which the Management Member Participant deems necessary; and
(gh) all information which the Management Member Participant has provided to the Company and the Company's ’s representatives concerning the Management Member Participant and the Management Member's Participant’s financial position is complete and correct as of the date of this Agreement.
Appears in 1 contract
Samples: Management Equity Subscription Agreement (Dominion Textile (Usa), L.L.C.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member under certain circumstances Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct in all material respects as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Executive’s Master Signature Page.
Appears in 1 contract
Samples: Management Unit Subscription Agreement (Ahny-Iv LLC)
Additional Investment Representations. Each Management Member represents and warrants that:
(a) the Management Member's financial situation is such that such Management Member can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's investment in the Units;
(b) the Management Member's knowledge and experience in financial and business matters are such that the Management Member is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units and for an indefinite period following such date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member to liquidate the Management Member's investment investment, including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units (other than the Class A Units) at a price which may be less than the Fair Market Value thereof;
(e) the Management Member understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(f) the Management Member has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. Vanguard by subsidiaries of the Company, this Agreement, the LLC Registration Rights Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member deems necessary; and;
(g) all information which the Management Member has provided to the Company and the Company's representatives concerning the Management Member and the Management Member's financial position is complete and correct as of the date of this Agreement; and
(h) the Management Member is an "accredited investor" within the meaning of Regulation D of the Securities Act.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (VHS of Anaheim Inc)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Co-Investment Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Co-Investment Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Co-Investment Units;
(c) the Management Member Executive understands that the Co-Investment Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Co-Investment Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Co-Investment Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have has the right to repurchase the Co-Investment Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Co-Investment Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Co-Investment Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanySubsidiaries, the LLC Agreement, the Plan, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Co-Investment Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Executive’s Master Signature Page.
Appears in 1 contract
Samples: Management Subscription Agreement (APX Group Holdings, Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the Units;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Executive understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that that, with respect to any units (excluding Class A Units purchased on the Closing Date) held by Executive, including Vested Units, if the Management Member Executive ceases to provide services to the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyAcquisition, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act.
Appears in 1 contract
Samples: Unit Subscription Agreement (R.P. Scherer Technologies, Inc.)
Additional Investment Representations. Each Management Member represents (i) Purchaser has carefully reviewed, is familiar with and warrants that:understands the Memorandum, the Other Purchaser Agreements and the other documents, records and information, if any, requested by Purchaser or otherwise supplied by the Company in connection with the Offering;
(aii) the Management Member's financial situation is such that such Management Member can afford All documents, records and information pertaining to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's investment in the UnitsCompany which have been requested by Purchaser have been made available or delivered to Purchaser, except to the extent otherwise addressed in the Memorandum;
(biii) Purchaser is fully familiar with the Management Member's knowledge business and experience in financial and business matters are such that the Management Member is capable operations of evaluating the merits and risks of the investment in the Units;
(c) the Management Member understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units and for an indefinite period following such date, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member to liquidate the Management Member's investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(f) the Management Member has been given the had an opportunity to examine all documents and to ask questions of, of and to receive answers from, from the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of Purchaser's investment and the purchase financial condition, operations and prospects of the Units and to obtain any additional information which the Management Member deems necessary; andCompany;
(giv) all information which the Management Member has provided to No oral or written statement, printed material or inducement given or made by the Company and or any of the Company's representatives concerning affiliates is contrary to the Management Member information contained in this Agreement, the Memorandum or the Other Purchase Agreements, and Purchaser acknowledges and agrees that in making his decision to purchase the Shares he has relied solely on such documents and the Management Memberindependent investigations made by him and, to the extent believed by Purchaser to be appropriate, Purchaser's financial position representatives, including Purchaser's own professional, financial, legal, tax and other advisors;
(v) Purchaser acknowledges that the Company, in reliance upon certain federal and state securities law exemptions, has provided Purchaser with less or different information than Purchaser would have received if an information memorandum complying with Rule 502(b)(2) of Regulation D promulgated pursuant to the Securities Act had been prepared and made available to Purchaser or if the Shares had been registered pursuant to the Securities Act. The foregoing notwithstanding, the information provided to Purchaser is complete sufficient to allow Purchaser to make a knowledgeable and correct as of informed decision regarding his investment in the date of this Agreement.Shares;
Appears in 1 contract
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units Interests for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the UnitsInterests;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the UnitsInterests;
(c) the Management Member Executive understands that the Units Interests are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units Interests and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Interests and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units Interests and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Interests or the Company, the Subsidiaries Company or their respective prospects or other matters;
(fe) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC LP Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units Interests and to obtain any additional information which the Management Member Executive deems necessary; and;
(gf) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(g) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on the signature page hereto.
Appears in 1 contract
Samples: Management Interest Subscription Agreement (Summit Materials, LLC)
Additional Investment Representations. Each Management Member The Purchaser represents and warrants that:
that (a) the Management MemberPurchaser's financial situation is such that such Management Member he can afford to bear the economic risk of holding the Units Shares for an indefinite period of time, has adequate means for providing for the Management Member's his current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's his investment in the Units;
Shares; (b) the Management MemberPurchaser's knowledge and experience in financial and business matters are such that the Management Member he is capable of evaluating the merits and risks of the investment in the Units;
Shares as contemplated by this Agreement; (c) the Management Member Purchaser understands that the Units Shares are a speculative investment which involves involve a high degree of risk of loss of Management Member's his investment therein, there are substantial restrictions on the transferability of the Units Shares, and, on the date on which such Management Member acquires such Units hereof and for an indefinite period following such dateperiod, there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member Purchaser to liquidate the Management Member's his investment including in case of emergency, if at all;
; (d) in making his decision to purchase the terms of this Agreement provide that if Shares hereby purchased, the Management Member ceases to provide services Purchaser has relied upon independent investigations made by him and, to the Company extent believed by the Purchaser to be appropriate, his representatives, including his own professional, financial, tax and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
other advisors; (e) the Management Member understands Purchaser and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties his representatives have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(f) the Management Member has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its their representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units Shares and to obtain any additional information which the Management Member deems Purchaser or his representatives deem necessary; and
(f) the Purchaser is an officer or key employee of the Company and as such has a high level of familiarity with the business, operations, financial condition and prospect of the Company; and (g) all information which the Management Member has provided to Purchaser understands that the Company and the Company's representatives concerning the Management Member and the Management Member's financial position is complete and correct as under no obligation to declare or pay dividends in respect of the date of this AgreementShares.
Appears in 1 contract
Additional Investment Representations. Each Management Member The Executive represents and warrants that:
that (ai) the Management MemberExecutive's financial situation is such that such Management Member the Executive can afford to bear the economic risk of holding the Units Restricted Stock for an indefinite period of time, has adequate means for providing for the Management Member's current needs time and personal contingencies, and can afford to suffer a complete loss of the Management MemberExecutive's investment in the Units;
Restricted Stock; (bii) the Management MemberExecutive's knowledge and experience in financial and business matters (and, in particular, with respect to the Company) are such that the Management Member Executive is capable of evaluating the merits and risks of the Executive's investment in the Units;
Restricted Stock; (ciii) the Management Member Executive understands that the Units are Restricted Stock is a speculative investment which involves a high degree of risk of loss of Management Memberthe Executive's investment therein, that there are substantial restrictions on the transferability of the Units and, Restricted Stock and that on the date on which such Management Member acquires such Units of this Agreement and for an indefinite period following such date, date there will be no public market for the Units Restricted Stick and, accordingly, it may not be possible for the Management Member to liquidate the Management MemberExecutive's investment in the Company at all, including in case of emergency, if at all;
; (div) the terms of this Agreement provide that if Executive and the Management Member ceases to provide services Executive's representatives, including the Executive's professional, tax and other advisors, have carefully reviewed the financial and other information with respect to the Company and its Affiliates, subsidiaries and the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of (or has been advised by the Executive's representatives as to) all the risk factors risks related to an investment in the purchase of Restricted Stock; (v) in making the Units Executive's decision to invest in the Restricted Stock hereunder, the Executive has relied upon independent investigations made by the Executive and, to the extent believed by the Executive to be appropriate, the Executive's representatives, including the Executive's own professional, tax and other than as set forth in advisors; (vi) the Executive and the Executive's representatives have received and read this Agreement, no representations the Stockholders Agreement and all other documents related to and executed or warranties to be executed in connection with the transactions contemplated hereby and thereby, and have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(f) the Management Member has been given the opportunity to examine for a reasonable time prior to the date hereof all documents and to ask questions of, and to receive answers from, from the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of investment in the Units Restricted Stock and to obtain any additional information which necessary to verify the Management Member deems necessary; and
(g) accuracy of the information supplied to it, and the Executive and the Executive's representatives have received all additional information which the Management Member has provided requested by them, and no representations have been made to the Company and the Company's Executive or such representatives concerning the Management Member Restricted Stock, their respective affiliates, their businesses or prospects or other matters, except as set forth in this Agreement; and (vii) the Management Member's financial Executive is an officer of the Company holding the position is complete of Executive Vice President of Sales and correct Marketing as of the date hereof, is familiar with the operations and businesses of this Agreementthe Company, has access to all material financial and other information available from the Company, and has significant business experience in the party goods or similar business.
Appears in 1 contract
Additional Investment Representations. Each Management Member Participant represents and warrants that:
(a) the Management Member's Participant’s financial situation is such that such Management Member Participant can afford to bear the economic risk of holding the Upstairs Class B Units for an indefinite period of time, Participant has adequate means for providing for the Management Member's Participant’s current needs and personal contingencies, and Participant can afford to suffer a complete loss of the Management Member's Participant’s investment in the Upstairs Class B Units;
(b) the Management Member's Participant’s knowledge and experience in financial and business matters are such that the Management Member Participant is capable of evaluating the merits and risks of the investment in the Upstairs Class B Units;
(c) the Management Member Participant understands that the Upstairs Class B Units are a speculative investment which that involves a high degree of risk of loss of Management Member's Participant’s investment therein, there are substantial restrictions on the transferability of the Upstairs Class B Units and, on the date on which such Management Member acquires such Units Grant Date and for an indefinite period following such datethereafter, there will be no public market for the Upstairs Class B Units and, accordingly, it may not be possible for the Management Member Participant to liquidate the Management Member's Participant’s investment including in case of emergency, if at all;
(d) Participant understands that the terms of this Agreement, the Plan, and the ManagementCo LLC Agreement provide that that, if the Management Member Participant ceases to provide services to be an employee of the Company and or any of its Affiliates, or violates the applicable Restrictive Covenants, the Company and its Affiliates have has the right to repurchase the Upstairs Class B Units at a price which may that may, under certain circumstances, be less than the Fair Market Value thereofthereof or Participant may forfeit the Upstairs Class B Units;
(e) the Management Member Participant understands and has taken cognizance of all of the risk factors related to the purchase acquisition of the Upstairs Class B Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Participant or Management Member's Participant’s representatives concerning the Units, Upstairs Class B Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Participant has been advised to consult Participant’s own legal, tax and financial advisors concerning this transaction and Participant has consulted with such advisors, if any, as Participant has seen fit in connection with this transaction;
(g) Participant has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesAffiliates, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the ManagementCo LLC Agreement, the Company's ’s organizational documents documents, and the terms and conditions of the purchase acquisition of the Units Upstairs Class B Units, and to seek to obtain any additional information which the Management Member that Participant deems necessary;
(h) Participant understands the federal, state and local income and, to the extent applicable to Participant, non-U.S. tax consequences of the granting of the Upstairs Class B Units to Participant, the issuance of the Upstairs Class B Units to Participant, and the subsequent receipt of distributions, if any, in respect of the Upstairs Class B Units; and
(gi) all All information which the Management Member that Participant has provided to the Company and the Company's ’s representatives concerning the Management Member Participant and the Management Member's Participant’s financial position is complete and correct as of the date of this Agreement.
Appears in 1 contract
Samples: Award Agreement (Cowen Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units Shares for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the UnitsShares;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the UnitsShares;
(c) the Management Member Executive understands that the Units Shares are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units Shares and, on the date on which such Management Member acquires such Units Grant Date and for an indefinite period following such datethe Grant Date, there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that that, with respect to the Shares received upon exercise of the Option only, if the Management Member Executive ceases to provide services to the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units such Shares at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units Shares and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Shares or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyPlan, the LLC Stock Option Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units Shares and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on the signature page hereto.
Appears in 1 contract
Samples: Management Equity Subscription Agreement (Catalent Pharma Solutions, Inc.)
Additional Investment Representations. Each Management Member Investor represents and warrants that:
that (a) the such Management Member's Investor’s financial situation is such that such Management Member Investor can afford to bear the economic risk of holding the Units Shares for an indefinite period of time, has adequate means for providing for the Management Member's current needs time and personal contingencies, and can afford to suffer a complete loss of the such Management Member's Investor’s investment in the Units;
Shares; (b) the such Management Member's Investor’s knowledge and experience in financial and business matters are such that the such Management Member Investor is capable of evaluating the merits and risks of the such Management Investor’s investment in the Units;
Shares, or such Management Investor has been advised by a purchaser representative (as such term is defined in Rule 501 (n) of the General Rules and Regulations promulgated under the Securities Act) possessing such knowledge and experience; (c) the such Management Member Investor understands that the Units Shares are a speculative investment which involves involve a high degree of risk of loss of such Management Member's Investor’s investment therein, that there are substantial restrictions on the transferability of the Units and, Shares and that on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such date, the Closing there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member to liquidate such Management Investor’s investment in the Management Member's investment including Company in case of emergency, if at all;
; (d) in making such Management Investor’s decision to invest in the terms of this Agreement provide that if the Shares hereunder, such Management Member ceases to provide services Investor has relied upon independent investigations made by such Management Investor and, to the Company extent believed by such Management Investor to be appropriate, such Management Investor’s representatives, including such Management Investor’s own professional, tax and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
other advisors; (e) the such Management Member understands Investor and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties such Management Investor’s representatives have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(f) the Management Member has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of investment in the Units Shares, and no representations have been made to obtain any additional information which the such Management Member deems necessary; and
(g) all information which the Management Member has provided to the Company and the Company's Investor or such representatives concerning the Management Member Shares, the Company, its subsidiaries, their business or prospects or other matters; and the (f) such Management Member's financial position Investor is complete and correct as an officer or key employee of the date Company or one or more of this Agreementits subsidiaries.
Appears in 1 contract
Samples: Management Stock Subscription Agreement (Lincoln Educational Services Corp)
Additional Investment Representations. Each Management Member Participant represents and warrants that:
(a) the Management Member's Participant’s financial situation is such that such Management Member Participant can afford to bear the economic risk of holding the LTIP Units for an indefinite period of time, has adequate means for providing for the Management Member's Participant’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Participant’s investment in the LTIP Units;
(b) the Management Member's Participant’s knowledge and experience in financial and business matters are such that the Management Member Participant is capable of evaluating the merits and risks of the investment in the LTIP Units;
(c) the Management Member Participant understands that the LTIP Units are a speculative investment which involves a high degree of risk of loss of Management Member's Participant’s investment therein, there are substantial restrictions on the transferability of the LTIP Units and, on the date on which such Management Member acquires such Units Effective Date and for an indefinite period following such datethe Closing, there will be no public market for the LTIP Units and, accordingly, it may not be possible for the Management Member Participant to liquidate the Management Member's Participant’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Participant understands and has taken cognizance of all the risk factors related to the purchase of the LTIP Units and, other than as set forth in this Agreement and the Partnership Agreement, no representations or warranties have been made to the Management Member Participant or Management Member's Participant’s representatives concerning the UnitsLTIP Units or the Company or the Partnership, the Company, the Subsidiaries or their respective prospects or other matters;
(fe) the Management Member Participant has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Partnership Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the LTIP Units and to obtain any additional information which the Management Member Participant deems necessary; and
(gf) all Participant is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act. The undersigned acquired OP Units (the “Units”) of Brixmor Operating Partnership LP (the “Partnership”) on [date] (the “Transfer Date”). The undersigned desires to make an election to have the Units taxed under the provision of Section 83(b) of the Internal Revenue Code of 1986, as amended (“Code §83(b)”), at the time the undersigned acquired the Units. Therefore, pursuant to Code §83(b) and Treasury Regulation §1.83-2 promulgated thereunder, the undersigned hereby makes an election, with respect to the Units (described below), to report as taxable income for calendar year 2014 the excess, if any, of the Units’ fair market value on the Transfer Date over the acquisition price thereof. The following information is supplied in accordance with Treasury Regulation §1.83-2(e):
1. The name, address and social security number of the undersigned: [Name] [Address] SSN: ____-___-_____
2. A description of the property with respect to which the Management Member has provided election is being made: [•] OP Units in the Partnership
3. The date on which the property was transferred: the Transfer Date. The taxable year for which such election is made: calendar year 2014.
4. The restrictions to which the Company property is subject: The Units are subject to performance-based vesting, and the Company's representatives concerning Units are subject to forfeiture if certain performance thresholds are not achieved. If the Management Member and the Management Member's financial position is complete and correct as undersigned ceases to be employed by certain affiliates of the date Partnership under certain circumstances, all or a portion of this Agreementthe Units may be subject to forfeiture. The Units are also subject to transfer restrictions.
5. The aggregate fair market value (on a liquidation basis) on the Transfer Date of the property with respect to which the election is being made, determined without regard to any lapse restrictions: OP Units: $0
6. The aggregate amount paid for such property:
Appears in 1 contract
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units Shares for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the UnitsShares;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the UnitsShares;
(c) the Management Member Executive understands that the Units Shares are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units Shares and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that that, with respect to the Option Shares and RSU Shares only, if the Management Member Executive ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units such Shares at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member terms of this Agreement also provide that, with respect to the Shares purchased hereunder on the Closing Date only, if Executive ceases to be an employee of the Company or its Subsidiaries under certain circumstances, Executive will be required to forfeit such Shares without consideration;
(f) Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units Shares and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Shares or the Company, the Subsidiaries Company or their respective prospects or other matters;
(fg) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyPlan, the LLC Stock Option Agreement, the RSU Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units Shares and to obtain any additional information which the Management Member Executive deems necessary; and;
(gh) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(i) Executive is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act.
Appears in 1 contract
Samples: Employment Agreement (Catalent Pharma Solutions, Inc.)
Additional Investment Representations. Each Management Member Director represents and warrants that:
(a) the Management Member's Director’s financial situation is such that such Management Member Director can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's Director’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Director’s investment in the Units;
(b) the Management Member's Director’s knowledge and experience in financial and business matters are such that the Management Member Director is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Director understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Member's Director’s investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Director to liquidate the Management Member's Director’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member under certain circumstances Director ceases to provide services to be an employee of the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Director understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Director or Management Member's Director’s representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Director has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Director deems necessary; and;
(g) all information which the Management Member Director has provided to the Company and the Company's ’s representatives concerning the Management Member Director and the Management Member's Director’s financial position is complete and correct as of the date of this Agreement; and
(h) Director is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Director’s Master Signature Page.
Appears in 1 contract
Samples: Management Unit Subscription Agreement (Apria Healthcare Group Inc)
Additional Investment Representations. Each Management Member Xxxxxxx Family --- ------------------------------------- Securityholder represents and warrants that:
(a) the Management Membersuch Shareholder's financial situation is such that such Management Member Shareholder can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management Membersuch Shareholder's current needs and personal contingencies, and can afford to suffer a complete loss of the Management Membersuch Shareholder's investment in the Units;
(b) the Management Membersuch Shareholder's knowledge and experience in financial and business matters are is such that the Management Member such Shareholder is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member such Shareholder understands that the Units are a speculative investment which involves a high degree of risk of loss of Management Membersuch Shareholder's investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member such Shareholder to liquidate the Management Member's its investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member ceases to provide services to the Company and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member such Shareholder understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member such Shareholder or Management Member's its representatives concerning the Units, the Company, the Subsidiaries Units or Investors or their respective prospects or other matters;
(fe) the Management Member each Shareholder has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company Investors and its representatives concerning the Company Investors and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyAcquisition, the LLC Securityholders Agreement, the Company's Investors' organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member such Shareholder deems necessary; and;
(g) all information which the Management Member such Shareholder has provided to the Company Investors and the Company's Investors' representatives concerning the Management Member such Shareholder and the Management Membersuch Shareholder's financial position is complete and correct as of the date of this Agreement; and
(h) such Shareholder is an "accredited investor" within the meaning of Rule 501(a) under the Securities Act.
Appears in 1 contract
Samples: Stock Purchase and Unit Subscription Agreement (M Foods Investors LLC)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units Shares for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the UnitsShares;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the UnitsShares;
(c) the Management Member Executive understands that the Units Shares are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units Shares and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this the Management Stockholders’ Agreement provide that if the Management Member under certain circumstances Executive ceases to provide services to be an employee of the Company and or its Affiliates, the Company and its Affiliates have the right to repurchase the Units Shares at a price which may may, under certain circumstances, be less than the Fair Market Value fair market value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units Shares and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Shares or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Management Stockholders’ Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units Shares and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is an “accredited investor” within the meaning of Rule 501(a) under the Securities Act.
Appears in 1 contract
Samples: Management Subscription Agreement (Graham Packaging Co Inc.)
Additional Investment Representations. Each Management Member Director represents and warrants that:
(a) the Management MemberDirector's financial situation is such that such Management Member Director can afford to bear the economic risk of holding the Units for an indefinite period of time, has adequate means for providing for the Management MemberDirector's current needs and personal contingencies, and can afford to suffer a complete loss of the Management MemberDirector's investment in the Units;
(b) the Management MemberDirector's knowledge and experience in financial and business matters are such that the Management Member Director is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Director understands that the Units are a speculative investment which involves a high degree of risk of loss of Management MemberDirector's investment therein, there are substantial restrictions on the transferability of the Units and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units and, accordingly, it may not be possible for the Management Member Director to liquidate the Management MemberDirector's investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that if the Management Member Director ceases to provide services to be a member of the Company and its AffiliatesBoard, the Company and its Affiliates affiliates have the right to repurchase the Units at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Director understands and has taken cognizance of all the risk factors related to the purchase of the Units and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Director or Management MemberDirector's representatives concerning the Units, Units or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Director has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Securityholders Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units and to obtain any additional information which the Management Member Director deems necessary; and;
(g) all information which the Management Member Director has provided to the Company and the Company's representatives concerning the Management Member Director and the Management MemberDirector's financial position is complete and correct as of the date of this Agreement;
(h) Director is an "accredited investor" within the meaning of Rule 501(a) under the Securities Act.
Appears in 1 contract
Samples: Director Unit Subscription Agreement (National Mentor Holdings, Inc.)
Additional Investment Representations. Each Management Member Executive represents and warrants that:
(a) the Management Member's Executive’s financial situation is such that such Management Member Executive can afford to bear the economic risk of holding the Units Shares for an indefinite period of time, has adequate means for providing for the Management Member's Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's Executive’s investment in the UnitsShares;
(b) the Management Member's Executive’s knowledge and experience in financial and business matters are such that the Management Member Executive is capable of evaluating the merits and risks of the investment in the UnitsShares;
(c) the Management Member Executive understands that the Units Shares are a speculative investment which involves a high degree of risk of loss of Management Member's Executive’s investment therein, there are substantial restrictions on the transferability of the Units Shares and, on the date on which such Management Member acquires such Units Grant Date or the Closing Date, as applicable, and for an indefinite period following such datethe Grant Date or the Closing Date, as applicable, there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member Executive to liquidate the Management Member's Executive’s investment including in case of emergency, if at all;
(d) the terms of this Agreement provide that that, with respect to the Shares received upon exercise of the Option only, if the Management Member Executive ceases to provide services to the Company and or its AffiliatesSubsidiaries, the Company and its Affiliates have the right to repurchase the Units such Shares at a price which may may, under certain circumstances, be less than the Fair Market Value thereof;
(e) the Management Member Executive understands and has taken cognizance of all the risk factors related to the purchase of the Units Shares and, other than as set forth in this Agreement, no representations or warranties have been made to the Management Member Executive or Management Member's Executive’s representatives concerning the Units, Shares or the Company, the Subsidiaries Company or their respective prospects or other matters;
(f) the Management Member Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiariesSubsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the CompanyPlan, the LLC Stock Option Agreement, the Securityholders Agreement, the Company's ’s organizational documents and the terms and conditions of the purchase of the Units Shares and to obtain any additional information which the Management Member Executive deems necessary; and;
(g) all information which the Management Member Executive has provided to the Company and the Company's ’s representatives concerning the Management Member Executive and the Management Member's Executive’s financial position is complete and correct as of the date of this Agreement; and
(h) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on the signature page hereto.
Appears in 1 contract
Samples: Management Equity Subscription Agreement (Catalent Pharma Solutions, Inc.)
Additional Investment Representations. Each Management Member The Purchaser further acknowledges and represents and warrants that:
(a) no Federal or state agency has passed upon the Management Member's financial situation is such that such Management Member can afford Shares or made any finding or determination as to bear the economic risk fairness of holding the Units for an indefinite period of time, has adequate means for providing for the Management Member's current needs and personal contingencies, and can afford to suffer a complete loss of the Management Member's investment in the Unitsthis investment;
(b) the Management Member's knowledge and experience in financial and business matters are such that the Management Member is capable of evaluating the merits and risks of the investment in the Units;
(c) the Management Member Purchaser understands that the Units Shares are a speculative investment which involves involve a high degree of risk of loss of Management Member's the Purchaser’s investment therein, there are substantial restrictions on the transferability of the Units Shares, and, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units Shares and, accordingly, it may not be possible for the Management Member Purchaser to liquidate the Management Member's Purchaser’s investment including in case of emergency, if at all;
(dc) the terms of Purchaser has received and carefully reviewed (i) this Agreement provide that if the Management Member ceases to provide services Agreement, and other information provided to the Company Purchaser upon such Purchaser’s request, and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Purchaser understands and has taken cognizance of all the risk factors risks related to the purchase of the Units andShares, other than as set forth in this Agreement, and no representations or warranties have been made to the Management Member or Management Member's representatives Purchaser concerning the UnitsShares or the Company and its prospects, the Company, the Subsidiaries or their respective prospects subsidiaries or other mattersmatters except as set forth in this Agreement;
(fd) the Management Member Purchaser has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of the Units Shares and to obtain any additional information which requested by the Management Member deems necessaryPurchaser;
(e) the Purchaser is an officer, member of management or key employee of the Company or one of its direct or indirect subsidiaries and as such has a high level of familiarity with the business, operations, financial condition and prospects of the Company and its subsidiaries; and
(gf) all information which the Management Member Purchaser has provided sufficient available financial resources to provide adequately for the Company Purchaser’s needs currently and in the Company's representatives concerning future, including possible personal contingencies, and can bear the Management Member and the Management Member's financial position is economic risk of a complete and correct as loss of the date of this AgreementPurchaser’s investment hereunder without materially affecting the Purchaser’s financial condition.
Appears in 1 contract
Additional Investment Representations. Each Management Member The Employee represents and warrants that:
that (ai) the Management MemberEmployee's financial situation is such that such Management Member the Employee can afford to bear the economic risk of holding the Units Options or Plan Shares, as applicable, for an indefinite period of time, has adequate means for providing for the Management Member's current needs time and personal contingencies, and can afford to suffer a complete loss of the Management MemberEmployee's investment in the Units;
Options or Plan Shares, as applicable; (bii) the Management MemberEmployee's knowledge and experience in financial and business matters (and, in particular, with respect to the Company) are such that the Management Member Employee is capable of evaluating the merits and risks of the Employee's investment in the Units;
Options or Plan Shares, as applicable; (ciii) the Management Member Employee understands that the Units Options or Plan Shares, as applicable, are a speculative investment which involves a high degree of risk of loss of Management Memberthe Employee's investment therein, that there are substantial restrictions on the transferability of the Units andOptions or Plan Shares, as applicable, and that on the date on which such Management Member acquires such Units of this Agreement and for an indefinite period following such date, date there will be no public market for the Units Options or Plan Shares, as applicable, and, accordingly, it may not be possible for the Management Member to liquidate the Management MemberEmployee's investment in the Company at all, including in case of emergency, if at all;
; (div) the terms of this Agreement provide that if Employee and the Management Member ceases to provide services Employee's representatives, including the Employee's professional, tax and other advisors, have carefully reviewed the financial and other information with respect to the Company Company, and its Affiliates, subsidiaries supplied to them and the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Employee understands and has taken cognizance of (or has been advised by the Employee's representatives as to) all the risk factors risks related to an investment in the purchase of Options or Plan Shares, as applicable; (v) in making the Units Employee's decision to invest in the Options or Plan Shares, as applicable, hereunder, the Employee has relied upon independent investigations made by the Employee and, to the extent believed by the Employee to be appropriate, the Employee's representatives, including the Employee's own professional, tax and other than as set forth in advisors; (vi) the Employee and the Employee's representatives have received and read this Agreement, no representations the Plan and the Stockholders' Agreement and all other documents related to and executed or warranties to be executed in connection with the transactions contemplated hereby and thereby, and have been made to the Management Member or Management Member's representatives concerning the Units, the Company, the Subsidiaries or their respective prospects or other matters;
(f) the Management Member has been given the opportunity to examine for a reasonable time prior to the date hereof all documents and to ask questions of, and to receive answers from, the Company and its their respective representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase of investment in the Units Options or Plan Shares, as applicable, and to obtain any additional information which the Management Member deems necessary; and
(g) Company and its subsidiaries possess or can acquire without unreasonable effort or expense, necessary to verify the accuracy of the information supplied to it, and the Employee and the Employee's representatives have received all additional information which the Management Member has provided requested by them, and no representations have been made to the Company and the Company's Employee or such representatives concerning the Management Member Options or Plan Shares, their respective affiliates, their businesses or prospects or other matters; and (vii) the Management Member's financial Employee is an officer of the Company holding the position is complete and correct of Chief Executive Officer as of the date hereof, is familiar with the operations and businesses of this Agreementthe Company, has access to all material financial and other information available from the Company, and has significant business experience in the party goods or similar business and, in any such case, expects to be an officer of the Company.
Appears in 1 contract
Additional Investment Representations. Each Management Member represents and warrants that:
(ai) the Management MemberThe Purchaser's financial situation is such that such Management Member the Purchaser can afford to bear the economic risk of holding the Units Securities being acquired by the Purchaser hereunder for an indefinite period of time, time and that the Purchaser has adequate means for providing for the Management MemberPurchaser's current needs and personal contingencies, and can afford to suffer a the complete loss of the Management Member's his or her investment in the Units;
such Securities; (bii) the Management MemberPurchaser's knowledge and experience in financial and business matters are such that the Management Member Purchaser is capable of evaluating the merits and risks of the Purchaser's investment in such Securities, or the Units;
Purchaser has been advised by a representative possessing such knowledge and experience; (ciii) the Management Member Purchaser understands that the Units are such Securities constitute a speculative investment which involves a high degree of risk of loss of Management Memberthe Purchaser's investment therein, that there are substantial restrictions on the transferability of the Units andsuch Securities, and that, on the date on which such Management Member acquires such Units Closing Date and for an indefinite period following such datethe Closing, there will be no public market for the Units andSecurities and that, accordingly, it may not be possible for the Management Member to liquidate the Management MemberPurchaser's investment including in the Company in case of emergency, if at all;
; (div) the terms of this Agreement provide that Purchaser and the Purchaser's representatives, including the Purchaser's professional, financial, tax and other advisors, if any, have carefully considered the Management Member ceases to provide services to proposed investment by the Company Purchaser in the Securities, and its Affiliates, the Company and its Affiliates have the right to repurchase the Units at a price which may be less than the Fair Market Value thereof;
(e) the Management Member Purchaser understands and has taken cognizance of all (or has been advised by the Purchaser's representatives as to) the risk factors related to the purchase acquisition of the Units andsuch Securities, other than as set forth in this Agreement, and no representations or warranties have been made to the Management Member Purchaser or Management Member's his or her representatives concerning the UnitsSecurities, the Company or the Company's business, the Subsidiaries operations, financial condition or their respective prospects or other matters;
matters except as set forth herein; (fv) in making his or her decision to acquire the Securities being acquired by him or her hereunder, to the extent believed by the Purchaser to be appropriate, the Purchaser has sought the advice of the Purchaser's representatives, including the Purchaser's professional, financial, tax and other advisors, if any; (vi) the Management Member has Purchaser and the Purchaser's representatives have been given the opportunity to examine all documents and to ask questions of, and to receive answers from, from the Company and its representatives concerning the Company and its subsidiaries, the acquisition of Nalco Company and certain Subsidiaries of Nalco International S.A.S. by subsidiaries of the Company, the LLC Agreement, the Company's organizational documents and the terms and conditions of the purchase acquisition of the Units Securities being acquired by the Purchaser hereunder and to obtain any additional information which the Management Member deems Purchaser or the Purchaser's representatives deem necessary; and
(gvii) all information which the Management Member has provided to Purchaser and his or her representatives, if any, are familiar with the business, operations and finances of the Company as they will be in effect following the Closing; (viii) the Purchaser is aware of and familiar with the Company's representatives concerning restrictions imposed on the Management Member transfer by the Purchaser of any such Securities, including without limitation the restrictions contained in the Stockholders' Agreement; (ix) the Purchaser is aware that, except in certain very limited circumstances as expressly provided in the Registration Rights Agreement, the Purchaser will have no right to require registration of any such Securities and must bear the Management Member's financial position economic risk of his or her investment therein; and (x) the Purchaser acknowledges that the Company is complete and correct as of the date of this Agreement.entering into this
Appears in 1 contract
Samples: Management Subscription Agreement (MSX International Business Services Inc)