Common use of Experience of the Seller Clause in Contracts

Experience of the Seller. The Seller, 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 Securities, and has so evaluated the merits and risks of such investment. The Seller is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Experience of the Seller. The Seller, 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 SecuritiesExchange Shares, and has so evaluated the merits and risks of such investment. The Seller is able to bear the economic risk of an investment in the Securities Exchange Shares and, at the present time, is able to afford a complete loss of such investment.