Common use of Financial Sophistication; Ability to Bear Risk Clause in Contracts

Financial Sophistication; Ability to Bear Risk. You have such knowledge and experience in financial and investment matters, and in illiquid investments in particular, and in other business matters that you are capable of evaluating the merits and risks of an investment in the Interests without the assistance of a Purchaser Representative (as such term is defined in the Securities Act). Your financial condition is such that you have no need for liquidity with respect to your investment in the Interests and no need to dispose of the Interests to satisfy any existing or contemplated undertaking or indebtedness. Your overall commitment to investments that are not readily marketable is proportionate to your net worth and will not become excessive as a result of an investment in the Fund. You have numerous investment opportunities available to you, you are not required or obligated in any way to make an investment in the Interests, and you have chosen to invest in the Interests over or in addition to such other investment opportunities. You can bear a complete loss of your investment in the Fund, and such a loss would not materially adversely affect your capital needs.

Appears in 13 contracts

Samples: Subscription Agreement, Subscription Agreement (Goldman Sachs Private Markets Fund 2018 (A) LLC), Subscription Agreement (Goldman Sachs Private Markets Fund 2018 (A) LLC)

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Financial Sophistication; Ability to Bear Risk. You have such knowledge and experience in financial and investment matters, and in illiquid investments in particular, and in other business matters that you are capable of evaluating the merits and risks of an investment in the Interests Shares without the assistance of a Purchaser Representative (as such term is defined in the Securities Act). Your financial condition is such that you have no need for liquidity with respect to your investment in the Interests Shares and no need to dispose of the Interests Shares to satisfy any existing or contemplated undertaking or indebtedness. Your overall commitment to investments that are not readily marketable is proportionate to your net worth and will not become excessive as a result of an investment in the FundCompany. You have numerous investment opportunities available to you, you are not required or obligated in any way to make an investment in the InterestsShares, and you have chosen to invest in the Interests Shares over or in addition to such other investment opportunities. You can bear a complete loss of your investment in the FundCompany, and such a loss would not materially adversely affect your capital needs.

Appears in 2 contracts

Samples: Subscription Agreement (Goldman Sachs Middle Market Lending LLC II), Subscription Agreement (Goldman Sachs Middle Market Lending Corp.)

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Financial Sophistication; Ability to Bear Risk. You have such knowledge and experience in financial and investment matters, and in illiquid investments in particular, and in other business matters that you are capable of evaluating the merits and risks of an investment in the Interests Shares without the assistance of a Purchaser Representative (as such term is defined in the Securities Act). Your financial condition is such that you have no need for liquidity with respect to your investment in the Interests Shares and no need to dispose of the Interests Shares to satisfy any existing or contemplated undertaking or indebtedness. Your overall commitment to investments that are not readily marketable is proportionate to your net worth and will not become excessive as a result of an investment in the Fund. You have numerous investment opportunities available to you, you are not required or obligated in any way to make an investment in the InterestsShares, and you have chosen to invest in the Interests Shares over or in addition to such other investment opportunities. You can bear a complete loss of your investment in the Fund, and such a loss would not materially adversely affect your capital needs.

Appears in 1 contract

Samples: Subscription Agreement (Goldman Sachs Private Credit Fund LLC)

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