Common use of Experience of the Lender Clause in Contracts

Experience of the Lender. The Lender, 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 prospective investment in the Note and the Warrant, and has so evaluated the merits and risks of such investment. The Lender is able to bear the economic risk of an investment in the Note and the Warrant and, at the present time, is able to afford a complete loss of such investment. The Company acknowledges and agrees that the Lenders do not make or have not made any representations or warranties with respect to the transactions contemplated hereby other than those specifically set forth in this Section 3.2.

Experience of the Lender. The Lender, 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 prospective investment in the Note Notes and the WarrantWarrants, and has so evaluated the merits and risks of such investment. The Lender is able to bear the economic risk of an investment in the Note Notes and the Warrant Warrants and, at the present time, is able to afford a complete loss of such investment. The Company acknowledges and agrees that the Lenders do Lender does not make or have and has not made any representations or warranties with respect to the transactions contemplated hereby other than those specifically set forth in this Section 3.2.