Common use of Experience of Investor Clause in Contracts

Experience of Investor. The Holder, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the Exchange, and has evaluated the merits and risks thereof. Such Holder is able to bear the economic risk of an investment in the Shares and, at the present time, is able to afford a complete loss of such investment. The Holder qualifies as an accredited investor as defined in Rule 501 of the Securities Act and/or a qualified institutional buyer as defined in Rule 144A of the Securities Act.

Experience of Investor. The Holder, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the Exchange, and has evaluated the merits and risks thereof. Such Holder is able to bear the economic risk of an investment in the Shares Securities and, at the present time, is able to afford a complete loss of such investment. The Holder qualifies as an accredited investor as defined in Rule 501 of the Securities Act and/or a qualified institutional buyer as defined in Rule 144A of the Securities Act.