REPRESENTATIONS, WARRANTIES AND COVENANTS OF PREFERRED HOLDERS Sample Clauses

REPRESENTATIONS, WARRANTIES AND COVENANTS OF PREFERRED HOLDERS. Each Preferred Holder, severally and not jointly, represents, warrants and covenants to the Company as follows at the date hereof and also, except as may be disclosed otherwise in a letter delivered by such Preferred Holder to the Company prior to the Closing, as of the Closing Date:
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REPRESENTATIONS, WARRANTIES AND COVENANTS OF PREFERRED HOLDERS. Each Preferred Holder, severally and not jointly, represents, warrants and covenants to the Company as follows at the date hereof and also, except as may be disclosed otherwise in a letter delivered by such Preferred Holder to the Company prior to the Closing, as of the Closing Date: 5.1 Securities Law Representations and Warranties (a) Such Preferred Holder is knowledgeable, sophisticated and experienced in making, and is qualified to make, decisions with respect to investments in shares representing an investment decision like that involved in the Exchange, including investments in securities issued by the Company, and has requested, received, reviewed and considered all information it deems relevant in making an informed decision to Exchange such Preferred Holder’s Tendered Shares for the Exchange Shares. (b) Such Preferred Holder is acquiring the Exchange Shares in the ordinary course of its business and for such Preferred Holder’s own account for investment only, and has no present intention of distributing any of the Exchange Shares nor any arrangement or understanding with any other persons regarding the distribution of such securities within the meaning of Section 2(11) of the Securities Act. (c) Such Preferred Holder will not, directly or indirectly, offer, sell, pledge, transfer or otherwise dispose of (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of) any of the Exchange Shares except in compliance with the Securities Act and the rules and regulations promulgated thereunder (the “Rules and Regulations”) and any applicable state securities laws. (d) Such Preferred Holder has completed or caused to be completed the Stock Certificate Questionnaire attached to this Agreement as Appendix A, and the answers to the Questionnaires are true and correct as of the date of this Agreement and as of Closing. (e) Such Preferred Holder has, previously or in connection with the decision to participate in the Exchange, reviewed the Company’s documents filed with the SEC under the Exchange Act since December 29, 2002. (f) Such Preferred Holder is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act. (g) The Exchange Shares were not offered to such Preferred Holder through any form of general solicitation or general advertisement. (h) The address of such Preferred Holder at which the decision to invest in the Exchange Shares was made is set forth on the signature page to this Agr...

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