Irrevocable Trust. An irrevocable trust that consists of a single trust (1) with total assets in excess of $5,000,000, and (2) which was not formed for the specific purpose of investing in the Fund, and (3) whose purchase is directed by a person who has such knowledge and experience in financial and business matters that he or she is capable or evaluating the merits and risks of the prospective investment.
Appears in 3 contracts
Sources: Investor Subscription Agreement, Investor Subscription Agreement, Investor Subscription Agreement
Irrevocable Trust. An irrevocable trust that consists of a single trust (1) with total assets in excess of $5,000,000, and (2) which was not formed for the specific purpose of investing in the Fund, and (3) whose purchase is directed by a person who has such knowledge and experience in financial and business matters that he or she is capable or evaluating the merits and risks of the prospective investment.
Appears in 1 contract
Sources: Operating Agreement