Purchasing as Agent. If a person is executing this Subscription Agreement as agent (including, for greater certainty, a dealing representative, a portfolio manager or comparable adviser) on behalf of the Subscriber (the “principal”), such person must provide evidence of such person’s authority satisfactory to the Manager and hereby separately represents and warrants to the Manager that (i) such person is duly authorized to execute and deliver this Subscription Agreement and all other necessary documentation in connection with such purchase on behalf of such principal, to agree to the terms and conditions contained herein and therein and to make the representations, certifications, acknowledgments and covenants made herein and therein, (ii) this Subscription Agreement has been duly authorized, executed and delivered by or on behalf of, and constitutes a legal, valid and binding agreement enforceable against, such principal, and (iii) it acknowledges that the Manager is required by law to disclose to certain regulatory and taxation authorities the identity of and certain information regarding the principal and has provided all the information concerning the principal as required by this Subscription Agreement and will provide any such further information as may hereafter be required. Such agent agrees to indemnify each applicable Fund and the Manager against all losses, claims, costs, expenses and damages or liabilities which it may suffer or incur arising from the reliance by the applicable Fund or the Manager, as the case may be, on such representation and warranty.
Purchasing as Agent. The Subscriber is purchasing the Units as bare trustee or agent (including, for greater certainty a portfolio manager, comparable advisor or dealing representative) for one or more Managed Accounts, as principal. The Subscriber must provide evidence of such person’s authority satisfactory to the Manager and hereby separately represents and warrants to the Manager that:
Purchasing as Agent. In the case of the purchase by the Purchaser of the Purchaser’s Common Shares as agent or trustee for any principal, each beneficial purchaser of the Purchaser’s Common Shares for whom the Purchaser is acting, is purchasing its Purchaser’s Common Shares as principal for its own account, and not for the benefit of any other person, for investment only and not with a view to any resale, distribution or other disposition, and the Purchaser has due and proper authority to act as agent or trustee for and on behalf of such beneficial purchaser in connection with the transactions contemplated hereby;
