Common use of Business Analyses Clause in Contracts

Business Analyses. Each Participant has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of its participation in the transactions contemplated herein. Each Participant has received a copy of the Information Statement and acknowledges that it has had access to such financial and other information, and has been afforded the opportunity to ask such questions of the Administrator, the Investment Consultant, the Chief Investment Officer and the Marketing Agent and receive answers thereto, as it deems necessary in connection with its decision to participate in the transactions contemplated hereby, including repurchase transactions pursuant to a Master Repurchase Agreement and, if applicable, a Custodial Undertaking Agreement. Each Participant understands that its interest in this Agreement is non-transferable. This representation and warranty is not intended to imply that the transactions contemplated hereby constitute the issuance of any securities by the Lead Agent, the Chief Investment Officer, the Administrator, the Marketing Agent, the Investment Consultant or the Governing Board.