Common use of Nature of Purchaser Clause in Contracts

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 7 contracts

Samples: Common Unit Purchase Agreement (Rice Midstream Partners LP), Common Unit Purchase Agreement (Teekay Offshore Partners L.P.), Common Unit Purchase Agreement (Rice Midstream Partners LP)

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Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership Inergy that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Securities and Exchange Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 5 contracts

Samples: Common Unit Purchase Agreement, Common Unit Purchase Agreement (Inergy L P), Common Unit Purchase Agreement (Inergy L P)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership Company that, (a) it is an "accredited investor" within the meaning of Rule 501 of Regulation D promulgated by the Securities and Exchange Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased UnitsSecurities, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Quanta Services Inc), Securities Purchase Agreement (Quanta Services Inc), Securities Purchase Agreement (Utilicorp United Inc)

Nature of Purchaser. Such The Purchaser represents and warrants to, and covenants and agrees with, the Partnership AMID that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 3 contracts

Samples: Convertible Preferred Unit Purchase Agreement, Convertible Preferred Unit Purchase Agreement (American Midstream Partners, LP), Series a 2 Convertible Preferred Unit Purchase Agreement (American Midstream Partners, LP)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, to the Partnership that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 3 contracts

Samples: Common Unit Purchase Agreement, Common Unit Purchase Agreement (Inergy L P), Common Unit Purchase Agreement (Penn Virginia Resource Partners L P)

Nature of Purchaser. Such Each Purchaser represents and warrants to, and covenants and agrees with, the Partnership HEP that, (ai) it is an “accredited investor” within the meaning of Rule 501 501(a) of Regulation D promulgated by the Commission pursuant to the Securities Act and (bii) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (Holly Energy Partners Lp), Common Unit Purchase Agreement (Holly Energy Partners Lp)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and Act, (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, Units and (c) is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (Noble Midstream Partners LP), Common Unit Purchase Agreement (Noble Midstream Partners LP)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, (a) it is an “accredited investor” within the meaning of Rule 501 501(a) of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 2 contracts

Samples: Unit Purchase Agreement (Rio Vista Energy Partners Lp), Unit Purchase Agreement (Enterprise GP Holdings L.P.)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, Company that (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Common Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (EV Energy Partners, LP), Common Unit Purchase Agreement (EV Energy Partners, LP)

Nature of Purchaser. Such The Purchaser represents and warrants to, and covenants and agrees with, the Partnership AMID that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased UnitsSecurities, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 2 contracts

Samples: Securities Purchase Agreement (American Midstream Partners, LP), Securities Purchase Agreement (American Midstream Partners, LP)

Nature of Purchaser. Such The Purchaser represents and warrants to, and covenants and agrees with, the Partnership Boardwalk that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 2 contracts

Samples: Unit Purchase Agreement (Boardwalk Pipeline Partners, LP), Unit Purchase Agreement (Boardwalk Pipeline Partners, LP)

Nature of Purchaser. Such The Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, (aA) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (bB) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement, Common Unit Purchase Agreement (Sunoco LP)

Nature of Purchaser. Such The Purchaser represents and warrants to, and covenants and agrees with, to the Partnership that, (a) that it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act purchasing at least $1,000,000 of Common Units for its own account (or accounts managed by it) and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 2 contracts

Samples: Equity Purchase Agreement (NextEra Energy Partners, LP), Equity Purchase Agreement

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, Optimer that (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased UnitsShares, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 2 contracts

Samples: Series a Convertible Preferred Stock Purchase Agreement (Cubist Pharmaceuticals Inc), Series a Convertible Preferred Stock Purchase Agreement (Optimer Pharmaceuticals Inc)

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Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, , (aA) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (bB) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Common Unit Purchase Agreement

Nature of Purchaser. Such The Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, (a) it is an “accredited investor” within the meaning of Rule 501 501(a) of Regulation D as promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Unit Purchase Agreement (Duncan Energy Partners L.P.)

Nature of Purchaser. Such The Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Class B Unit Purchase Agreement (Penn Virginia Resource Partners L P)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership Regency that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Regency Energy Partners LP)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, Linn that (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Class B Units and the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Class B Unit and Unit Purchase Agreement (Linn Energy, LLC)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, (aA) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (bB) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Sunoco LP)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, the Partnership AMID that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Series B Unit Purchase Agreement (American Midstream Partners, LP)

Nature of Purchaser. Such Each Purchaser represents and warrants to, and covenants and agrees with, the Partnership that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission SEC pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Global Transaction Agreement (Blueknight Energy Partners, L.P.)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, Partners and the Partnership Company that, (a) it is an "accredited investor" within the meaning of Rule 501 of Regulation D promulgated by the Securities and Exchange Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Subordinated Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Subordinated Unit Purchase Agreement (Markwest Hydrocarbon Inc)

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