Investment Intent; Investment Experience; Restricted Securities. In acquiring the Member Interests and the Subject Common Units, Buyer is not offering or selling, and shall not offer or sell the Member Interests or the Subject Common Units, in connection with any distribution of any of such Member Interests or Subject Common Units, and Buyer has no participation and shall not participate in any such undertaking or in any underwriting of such an undertaking except in compliance with applicable federal and state securities Laws. Buyer acknowledges that it can bear the economic risk of its investment in the Member Interests and the Subject Common Units, and has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of an investment in the Member Interests and the Subject Common Units. Buyer is an “accredited investor” as such term is defined in Regulation D under the Securities Act. Buyer understands that the Member Interests and the Subject Common Units will not have been registered pursuant to the Securities Act or any applicable state securities Laws, that the Member Interests and the Subject Common Units shall be characterized as “restricted securities” under federal securities Laws and that under such Laws and applicable regulations the Member Interests and the Subject Common Units cannot be sold or otherwise disposed of without registration under the Securities Act or an exemption therefrom.
Appears in 3 contracts
Samples: Purchase Agreement, Purchase Agreement (Denbury Resources Inc), Purchase Agreement (Vanguard Natural Resources, LLC)
