Common use of Grantor Status Clause in Contracts

Grantor Status. The Grantor (a) is a sophisticated person with respect to the sale of the Option Shares; (b) has adequate information concerning the business and financial condition of the Company to make an informed decision regarding the sale of the Option Shares; and (c) has independently and without reliance upon any of the Purchasers, and based on such information as the Grantor has deemed appropriate, made its own analysis and decision to enter into this Agreement, except that the Grantor has relied upon each Purchaser’s express representations, warranties and covenants in this Agreement and would not enter into this Agreement in the absence of such representations, warranties and covenants. The Grantor acknowledges that no Purchaser has given the Grantor any investment advice, credit information or opinion on whether the sale of any of the Option Shares is prudent.