Common use of Nature of Purchaser Clause in Contracts

Nature of Purchaser. The Purchaser (a) is an “accredited investor” within the meaning of Rule 501 of Regulation D under 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 10 contracts

Samples: Series a Preferred Unit Purchase Agreement (Energy Transfer Equity, L.P.), Series a Preferred Unit Purchase Agreement (Sunoco LP), Unit Purchase Agreement (Energy Transfer Equity, L.P.)

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Nature of Purchaser. The Such Purchaser (a) is an “accredited investor” within the meaning of Rule 501 of Regulation D under promulgated by the Commission pursuant to the Securities Act and (b) has, by reason of its business and financial experience it has experience, 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 (Eagle Rock Energy Partners L P), Common Unit Purchase Agreement (Eagle Rock Energy Partners L P)

Nature of Purchaser. The Purchaser (a) is an “accredited investor” within the meaning of Rule 501 of Regulation D under 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: Common Unit Purchase Agreement (Niska Gas Storage Partners LLC), Common Unit Purchase Agreement (Niska Gas Storage Partners LLC)

Nature of Purchaser. The Such Purchaser (ai) is an “accredited investor” within the meaning of Rule 501 of Regulation D under 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 UnitsShares, is able to bear the economic risk of such investment and, at the present time, and would be able to afford a complete loss of such investment.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Exco Resources Inc)

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Nature of Purchaser. The Such Purchaser (a) is an “accredited investor” within the meaning of Rule 501 of Regulation D under 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 UnitsCommon Stock, 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 Stock Purchase Agreement (Endeavour International Corp)

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