Common use of Member Status Clause in Contracts

Member Status. Each Former Member that is receiving Merger Consideration in exchange for such Former Member’s issued and outstanding Company Interests is “accredited investor” within the meaning of Rule 501 under the Securities Act.

Appears in 19 contracts

Sources: Merger Agreement (MedAmerica Properties Inc.), Merger Agreement (MedAmerica Properties Inc.), Merger Agreement (MedAmerica Properties Inc.)