Common use of Investment Experience; Access to Information Clause in Contracts

Investment Experience; Access to Information. Buyer (a) is an "accredited investor," as that term is defined in Rule 501(a) promulgated under the Securities Act, (b) is an investor experienced in the evaluation of businesses similar to the Company, (c) is able to fend for itself in the transactions contemplated by this Agreement, (d) has such knowledge and experience in financial, business and investment matters as to be capable of evaluating the merits and risks of this investment, (e) has the ability to bear the economic risks of this investment, (f) was not organized or reorganized for the specific purpose of acquiring the Shares purchased by it, and (g) has been afforded prior to the Closing Date the opportunity to ask questions of, and to receive answers from, the Company and to obtain any additional information, to the extent the Company has such information or could have acquired it without unreasonable effort or expense, all as necessary for Buyer to make an informed investment decision with respect to the purchase of the Shares.

Appears in 3 contracts

Samples: Purchase Agreement (Cke Restaurants Inc), Purchase Agreement (Checkers Drive in Restaurants Inc /De), Purchase Agreement (Giant Group LTD)

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Investment Experience; Access to Information. Buyer It (a) is an "accredited investor," as that term is defined in Rule 501(a) promulgated under the Securities Act, (b) is an investor experienced in the evaluation of businesses similar to the Company, (c) is able to fend for itself in the transactions contemplated by this Agreement, (d) has such knowledge and experience in financial, business and investment matters as to be capable of evaluating the merits and risks of this investment, (e) has the ability to bear the economic risks of this investment, (f) has been furnished with or has had access to such information as is specified in subparagraph (b)(2) of Rule 502 promulgated under the Securities Act, (g) was not organized or reorganized for the specific purpose of acquiring the Shares purchased by it, and (gh) has been afforded prior to the Closing Date the opportunity to ask questions of, and to receive answers from, the Company and to obtain any additional information, to the extent the Company has such information or could have acquired it without unreasonable effort or expense, all as necessary for Buyer the Purchaser to make an informed investment decision with respect to the purchase of the Shares.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (3dx Technologies Inc)

Investment Experience; Access to Information. Buyer It (a) is an "accredited investor," as that term is defined in Rule 501(a) promulgated under the Securities Act, (b) is an investor experienced in the evaluation of businesses similar to the Company, (c) is able to fend for itself in the transactions contemplated by this Agreement, (d) has such knowledge and experience in financial, business and investment matters as to be capable of evaluating the merits and risks of this investment, (e) has the ability to bear the economic risks of this investment, (f) was not organized or reorganized for the specific purpose of acquiring the Shares purchased by it, and (g) has been afforded prior to the Closing Date the opportunity to ask questions of, and to receive answers from, the Company and to obtain any additional information, to the extent the Company has such information or could have acquired it without unreasonable effort or expense, all as necessary for Buyer the Purchaser to make an informed investment decision with respect to the purchase of the Shares. The foregoing, however, does not limit or modify the representations and 26 -21- warranties of the Company in Section 3 of this Agreement or the right of such Purchaser to rely thereon.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Ciena Corp)

Investment Experience; Access to Information. Buyer It (a) is an "accredited investor," as that term is defined in Rule 501(a) promulgated under the Securities Act, (b) is an investor experienced in the evaluation of businesses similar to the Company, (c) is able to fend for itself in the transactions contemplated by this Agreement, (d) has such knowledge and experience in financial, business and investment matters as to be capable of evaluating the merits and risks of this investment, (e) has the ability to bear the economic risks of this investment, (f) has been furnished with or has had access to such information as is specified in subparagraph (b)(2) of Rule 502 promulgated under the Securities Act, (g) was not organized or reorganized for the specific purpose of acquiring the Shares Stock purchased by it, and (gh) has been afforded prior to the Closing Date the opportunity to ask questions of, and to receive answers from, the Company and to obtain any additional information, to the extent the Company has such information or could have acquired it without unreasonable effort or expense, all as necessary for Buyer the Investor to make an informed investment decision with respect to the purchase of the SharesStock.

Appears in 1 contract

Samples: Stock Purchase Agreement (3dx Technologies Inc)

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Investment Experience; Access to Information. Buyer It (a) is an "accredited investor," as that term is defined in Rule 501(a) promulgated under the Securities Act, (b) is an investor experienced in the evaluation of businesses similar to the Company, (c) is able to fend for itself in the transactions contemplated by this Registration Rights Agreement, (d) has such knowledge and experience in financial, business and investment matters as to be capable of evaluating the merits and risks of this investment, (e) has the ability to bear the economic risks of this investment, (f) was not organized or reorganized for the specific purpose of acquiring the Shares purchased shares of Common Stock held by it, and (g) has been afforded prior to the Closing Date the opportunity to ask questions of, and to receive answers from, from the Company and to obtain any additional information, to the extent the Company has such information or could have acquired it without unreasonable effort or expense, all as necessary for Buyer it to make an informed investment decision with respect to the purchase acquisition of the Sharesshares of Common Stock.

Appears in 1 contract

Samples: Stock Option Agreement (Teltronics Inc)

Investment Experience; Access to Information. Buyer The undersigned (a) is an "accredited investor," as that term is defined in Rule 501(a) promulgated under the Securities Act, (b) is an investor experienced in the evaluation of businesses similar to the Company, (c) is able to fend for itself in the transactions contemplated by this the Stock Option Agreement, (d) has such knowledge and experience in financial, business and investment matters as to be capable of evaluating the merits and risks of this investment, (e) has the ability to bear the economic risks of this investment, (f) was not organized or reorganized for the specific purpose of acquiring the Shares shares purchased by it, and (g) has been afforded prior to the Closing Date date hereof the opportunity to ask questions of, and to receive answers from, the Company and to obtain any additional information, to the extent the Company has such information or could have acquired it without unreasonable effort or expense, all as necessary for Buyer it to make an informed investment decision with respect to the purchase of the Sharesshares.

Appears in 1 contract

Samples: Stock Option Agreement (Teltronics Inc)

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