Experience, Financial Capability and Suitability. Such Purchaser is: (a) sophisticated in financial and tax matters and is able to evaluate the risks and benefits of the investment in the Forward Purchase Securities and (b) able to bear the economic and tax risk of its investment in the Forward Purchase Securities for an indefinite period of time because the Forward Purchase Securities have not been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Such Purchaser is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Such Purchaser must bear the economic and tax risk of this investment until the Forward Purchase Securities are sold pursuant to an effective registration statement under the Securities Act or an exemption from such registration available with respect to such sale. Such Purchaser is able to bear the economic and tax risks of an investment in the Forward Purchase Securities and to afford a complete loss of such Purchaser’s investment in the Forward Purchase Securities.
Appears in 7 contracts
Samples: Forward Purchase Agreement (Northern Genesis Acquisition Corp. III), Forward Purchase Agreement (Northern Genesis Acquisition Corp. II), Forward Purchase Agreement (Northern Genesis Acquisition Corp. III)
Experience, Financial Capability and Suitability. Such The Purchaser is: is (ai) sophisticated in financial and tax matters and is able to evaluate the risks and benefits of the investment in the Forward Purchase Securities and (bii) able to bear the economic and tax risk of its investment in the Forward Purchase Securities for an indefinite period of time because the Forward Purchase Securities have not been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Such Purchaser It has substantial experience in evaluating and investing in transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Such The Purchaser must bear the economic and tax risk of this investment until the Forward Purchase Securities are sold pursuant to to: (i) an effective registration statement under the Securities Act or (ii) an exemption from such registration available with respect to such sale. Such The Purchaser is able to bear the economic and tax risks of an investment in the Forward Purchase Securities and to afford a complete loss of such the Purchaser’s investment in the Forward Purchase Securities.
Appears in 5 contracts
Samples: Unit Subscription Agreement (Bison Capital Acquisition Corp.), Unit Subscription Agreement (Bison Capital Acquisition Corp.), Unit Subscription Agreement (Bison Capital Acquisition Corp)
Experience, Financial Capability and Suitability. Such The Purchaser is: is (ai) sophisticated in financial and tax matters and is able to evaluate the risks and benefits of the investment in the Forward Purchase Securities and (bii) able to bear the economic and tax risk of its this investment in the Forward Purchase Securities for an indefinite period of time because the Forward Purchase Securities have not been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Such The Purchaser has substantial experience in evaluating and investing in transactions of securities in companies similar to the Company so that the Purchaser is capable of evaluating the merits and risks of its the Purchaser’s investment in the Company and has the capacity to protect its the Purchaser’s own interests. Such The Purchaser must bear has substantial experience in evaluating and investing in transactions of securities in companies similar to the economic and tax risk of this investment until Company so that the Forward Purchase Securities are sold pursuant to an effective registration statement under the Securities Act or an exemption from such registration available with respect to such sale. Such Purchaser is able to bear capable of evaluating the economic merits and tax risks of an investment in the Forward Purchase Securities and to afford a complete loss of such Purchaser’s investment in the Forward Purchase SecuritiesCompany and has the capacity to protect the Purchaser’s own interests.
Appears in 4 contracts
Samples: Unit Subscription Agreement (East Stone Acquisition Corp), Unit Subscription Agreement (East Stone Acquisition Corp), Unit Subscription Agreement (East Stone Acquisition Corp)
Experience, Financial Capability and Suitability. Such The Purchaser is: (a) sophisticated in financial and tax matters and is able to evaluate the risks and benefits of the investment in the Forward Purchase Securities and (b) able to bear the economic and tax risk of its investment in the Forward Purchase Securities for an indefinite period of time because the Forward Purchase Securities have not been registered under the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Such The Purchaser is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Such The Purchaser must bear the economic and tax risk of this investment until the Forward Purchase Securities are sold pursuant to an effective registration statement under the Securities Act or an exemption from such registration available with respect to such sale. Such The Purchaser is able to bear the economic and tax risks of an investment in the Forward Purchase Securities and to afford a complete loss of such the Purchaser’s investment in the Forward Purchase Securities.
Appears in 2 contracts
Samples: Forward Purchase Agreement (EG Acquisition Corp.), Forward Purchase Agreement (EG Acquisition Corp.)