Common use of Appropriate Purchaser Clause in Contracts

Appropriate Purchaser. (a) If Purchaser is a U.S. person within the meaning of Regulation S of the Securities Act, or a non U.S. Person who desires to purchase the Shares without relying on Regulation S, Purchaser is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) and is also a “qualified purchaser” (as defined in Section 2(a)(51) under the Investment Company Act).

Appropriate Purchaser. (a) If Purchaser is a U.S. person within the meaning of Regulation S of the Securities Act, or a non U.S. Person who desires to purchase the Shares without relying on Regulation S, Purchaser is a “"qualified institutional buyer” " (as defined in Rule 144A under the Securities Act) and is also a “"qualified purchaser” " (as defined in Section 2(a)(51) under the Investment Company Act).