Common use of Nature of Purchaser Clause in Contracts

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, MarkWest 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 4 contracts

Samples: Unit Purchase Agreement, Unit Purchase Agreement (Markwest Hydrocarbon Inc), Unit Purchase Agreement (Markwest Hydrocarbon Inc)

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Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, MarkWest 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 3 contracts

Samples: Unit Purchase Agreement (Markwest Energy Partners L P), Unit Purchase Agreement (Markwest Energy Partners L P), Unit Purchase Agreement (Markwest Energy Partners L P)

Nature of Purchaser. Such The Purchaser represents and warrants to, and covenants and agrees with, MarkWest Buckeye 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 Consideration 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 (Buckeye Partners, L.P.), Unit Purchase Agreement (Buckeye Partners, L.P.)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, MarkWest Buckeye 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 2 contracts

Samples: Lp Unit Purchase Agreement (Buckeye Partners, L.P.), Class B Unit Purchase Agreement (Buckeye Partners, L.P.)

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Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, MarkWest Seller 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 2 contracts

Samples: Common Unit Purchase Agreement (Paa Natural Gas Storage Lp), Common Unit Purchase Agreement (Paa Natural Gas Storage Lp)

Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with, MarkWest that, the 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 UnitsPreferred Shares, the Underlying Shares and the Fee Shares, 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: Stock Purchase Agreement (Spacehab Inc \Wa\)

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