Common use of Adequate Due Diligence Clause in Contracts

Adequate Due Diligence. Prior to offering the Shares for sale, you shall have conducted an inquiry such that you have reasonable grounds to believe, based on information made available to you by the Company, its affiliates or related parties through the Prospectus or other materials, that all material facts are adequately and accurately disclosed and provide a basis for evaluating a purchase of Shares. In determining the adequacy of disclosed facts pursuant to the foregoing, you may obtain, upon request, information on material facts relating at a minimum to the following: (i) items of compensation; (ii) Company properties; (iii) tax aspects; (iv) financial stability and experience of the Company and the Business Manager; (v) conflicts and risk factors; and (vi) appraisals and other pertinent reports. Notwithstanding the foregoing, you may rely upon the results of an inquiry conducted by another Soliciting Dealer, provided that: (vii) the other Soliciting Dealer has reasonable grounds to believe that the inquiry was conducted with due care; (viii) the results of the inquiry were provided to you with the consent of the other Soliciting Dealer conducting or directing the inquiry; and (ix) no Soliciting Dealer that participated in the inquiry is an affiliate of the Company.

Adequate Due Diligence. Prior to offering the Shares for sale, you shall have conducted an inquiry such that you have reasonable grounds to believe, based on information made available to you by the Company, its affiliates or related parties through the Prospectus or other materials, that all material facts are adequately and accurately disclosed and provide a basis for evaluating a purchase of Shares. In determining the adequacy of disclosed facts pursuant to the foregoing, you may obtain, upon request, information on material facts relating at a minimum to the following: (i) items of compensation; (ii) Company propertiesproperties or other assets; (iii) tax aspectsaspects of investment in the Shares; (iv) financial stability and experience of the Company and the Business Manager; (v) conflicts and risk factors; and (vi) appraisals and other pertinent reports. Notwithstanding the foregoing, you may rely upon the results of an inquiry conducted by another Soliciting Dealer, provided that: (vii) the other Soliciting Dealer has reasonable grounds to believe that the inquiry was conducted with due care; (viii) the results of the inquiry were provided to you with the consent of the other Soliciting Dealer conducting or directing the inquiry; and (ix) no Soliciting Dealer that participated in the inquiry is an affiliate of the Company.

Adequate Due Diligence. Prior to offering the Shares for sale, you shall have conducted an inquiry such that you have reasonable grounds to believe, based on information made available to you by the Company, its affiliates or related parties through the Prospectus or other materials, that all material facts are adequately and accurately disclosed and provide a basis for evaluating a purchase of Shares. In determining the adequacy of disclosed facts pursuant to the foregoing, you may obtain, upon request, information on material facts relating at a minimum to the following: (i) items of compensation; (ii) targeted Company propertiesassets; (iii) tax aspectsaspects of investment in the Shares; (iv) financial stability and experience of the Company Company, the Subsidiaries and the Business ManagerAdvisor; (v) conflicts and risk factors; and (vi) appraisals appraisals, if applicable, and other pertinent reports. Notwithstanding the foregoing, you may rely upon the results of an inquiry conducted by another Soliciting Selected Dealer, provided that: (vii) the other Soliciting Selected Dealer has reasonable grounds to believe that the inquiry was conducted with due care; (viii) the results of the inquiry were provided to you with the consent of the other Soliciting Selected Dealer conducting or directing the inquiry; and (ix) no Soliciting Selected Dealer that participated in the inquiry is an affiliate of the Company.