Common use of Joint Investments Clause in Contracts

Joint Investments. In determining whether a natural person is a “qualified purchaser”, there may be included in the amount of such person’s investments any investment held jointly with such person’s spouse, or investments in which such person shares with such person’s spouse a community property or similar shared ownership interest. In determining whether spouses who are making a joint investment in the Partnership are “qualified purchasers”, there may be included in the amount of each spouse’s investments any investments owned by the other spouse (whether or not such investments are held jointly). There shall be deducted from the amount of any such investments the amount of any outstanding indebtedness incurred by such spouse to acquire such investments.

Joint Investments. In determining whether a natural person is a “qualified purchaser”, there may be included in the amount of such person’s investments Investments any investment Investments held jointly with such person’s spouse, or investments Investments in which such person shares with such person’s spouse a community property or similar shared ownership interest. In determining whether spouses who are making a joint investment in the Partnership a Section 3(c)(7) company are “qualified purchasers”, there may be included in the amount of each spouse’s investments Investments any investments Investments owned by the other spouse (whether or not such investments Investments are held jointly). There In each case, there shall be deducted from the amount of any such investments Investments the amount of any outstanding indebtedness amounts specified in item (B) above incurred by such spouse to acquire such investmentseach spouse.