Investment Experience; Disclosure of Information. The Purchaser (a) either alone or together with its Representatives, has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment such as an investment in the Shares and making an informed decision to so invest, and has so evaluated the risks and merits of such investment in the Shares, (b) is a sophisticated investor, (c) has adequate net worth and means of providing for its current needs and contingencies, is able to sustain a complete loss of the investment in the Shares and has no need for liquidity in such investment, and (d) understands the terms of and risks associated with the acquisition of the Shares, including a lack of liquidity, and risks associated with the industry in which the Company operates. The Purchaser has received all the information it considers necessary or appropriate for deciding whether to purchase the Shares. The Purchaser further represents that it has not relied on any representation, warranty or action made or taken by or on behalf of the Seller, its Affiliates or its Representatives, other than those expressly set forth herein.
Investment Experience; Disclosure of Information. Such Purchaser (a) either alone or together with its Representatives, has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment such as an investment in the Target Shares, (b) is a sophisticated investor, (c) understands the terms of, and risks associated with, the acquisition of the Target Shares and (d) has independently evaluated the merits of its decision to purchase the Target Shares pursuant to this Agreement and has only relied on its independent judgment or the advice of its own business and/or legal counsel in making such decision. Such Purchaser has not relied on any representation, warranty or action made or taken by or on behalf of the Seller, its Affiliates or its Representatives, other than those expressly set forth herein.
Investment Experience; Disclosure of Information. Telesaurus represents that Telesaurus is experienced in evaluating and investing in private placement transactions of securities of companies such as NextNav, and has either individually or through its authorized persons such knowledge and experience in financial and business matters that Telesaurus is capable of evaluating the merits and risks of Telesaurus’s prospective investment in NextNav, and has the ability to bear the economic risks of the investment and can afford the complete loss of such investment. Telesaurus has received or has access to copies of the NextNav Public Reports, and Telesaurus represents that it believes it has received all the information it considers necessary or appropriate for deciding whether to purchase the NextNav Shares. Telesaurus further represents that it has had an opportunity to discuss NextNav’s business, management, financial affairs and the terms and conditions of the offering of the NextNav Shares with NextNav’s management and has received from NextNav all information concerning NextNav and its business requested by Telesaurus.
Investment Experience; Disclosure of Information. Without derogating from and subject to the Purchaser’s representations and warranties provided herein, each Consideration Recipient further represents and warrants to the Purchaser with respect to its purchase of the shares of the Purchaser as follows: (a) the Consideration Recipient has the requisite knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of being a shareholder of the Purchaser, and has evaluated the risk of receiving the shares of the Purchaser; (b) the Consideration Recipient is able to bear the economic risk if the value of such Consideration Recipient’s holdings in the Purchaser equity securities is diminished; and (c) the Consideration Recipient acknowledges that it has had an opportunity to ask questions of, and receive answers from the Purchaser concerning the Purchaser’s business and the terms and conditions of this Agreement.
Investment Experience; Disclosure of Information. (a) Each of Seller and each Seller Shareholder acknowledge that (i), except for Xxxx X. Xxxxxxx, it, he or she is an "accredited investor" as defined in Rule 501(a) of the Securities Act, (ii) it, he or she can bear the economic risk and complete loss of its, his or her investment in the NTN Shares and any Contingent NTN Shares and (iii) it, he or she has such knowledge and experience in financial and business matters that it, he or she is capable of evaluating the merits and risks of the investment contemplated hereby.
Investment Experience; Disclosure of Information. (a) Seller acknowledges that it can bear the economic risk and complete loss of its investment in the NTN Shares and has such knowledge and experience in financial and business matters that is capable of evaluating the merits and risks of the investment contemplated hereby.
