Common use of Information; Knowledge of Business Clause in Contracts

Information; Knowledge of Business. Through its trustee or officers, as applicable, each Standby Purchaser is familiar with the business in which the Company is engaged. Each Standby Purchaser (through its trustee or officers) has knowledge and experience in financial and business matters; is familiar with the investments of the type that it is undertaking to purchase; is fully aware of the problems and risks involved in making an investment of this type; and is capable of evaluating the merits and risks of this investment. Each Standby Purchaser acknowledges that, prior to executing this Agreement, it (and each of its representatives) has had the opportunity to ask questions of and receive answers or obtain additional information from a representative of the Company concerning the financial and other affairs of the Company.

Appears in 2 contracts

Samples: Standby Purchase Agreement (Schuler Jack W), Standby Purchase Agreement (Accelerate Diagnostics, Inc)

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Information; Knowledge of Business. Through its trustee or officers, as applicable, each Such Standby Purchaser (either alone or through its members and affiliates) is familiar with the business in which the Company is engaged. Each Such Standby Purchaser (either alone or through its trustee or officersmembers and affiliates) has knowledge and experience in financial and business matters; , is familiar with the investments of the type that it is undertaking to purchase; purchase under this Agreement, is fully aware of the problems and risks involved in making an investment of this type; , and is capable of evaluating the merits and risks of this investment. Each Such Standby Purchaser acknowledges that, prior to executing this Agreement, it (and each of its members, affiliates and representatives) has had the opportunity to ask questions of and receive answers or obtain additional information from a representative of the Company and its management concerning the financial and other affairs of the Company.

Appears in 2 contracts

Samples: Standby Purchase Agreement (Swenson Nicholas John), Standby Purchase Agreement (Pro Dex Inc)

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