Sophistication of Purchaser. The Purchaser has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the Repurchase Transaction. The Purchaser is an informed and sophisticated party and has engaged, to the extent the Purchaser deems appropriate, expert advisors experienced in the evaluation of transactions of the type contemplated hereby. The Purchaser acknowledges that the Purchaser has not relied upon any express or implied representations or warranties of any nature made by or on behalf of the Seller, whether or not any such representations, warranties or statements were made in writing or orally, except as expressly set forth for the benefit of the Purchaser in this Agreement.
Sophistication of Purchaser. Because of Purchaser’s knowledge and experience in financial and business matters, it is able to evaluate the merits, risks, and other factors bearing upon the suitability of Shares as an investment for it, and it has been afforded adequate opportunity to evaluate this proposed investment in light of those factors, his financial condition, investment knowledge and experience.
Sophistication of Purchaser. By reason of the Purchaser’s business or financial experience, individually or in conjunction with professional advisors unaffiliated with the Company, Purchaser is capable of evaluating the merits and risks of an investment in the Membership Interests, making an informed investment decision and protecting the Purchaser’s own interests.
Sophistication of Purchaser. The Purchaser (a) is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act, and (b) either (i) has a preexisting personal or business relationship with the Company or one of its officers or directors, or (ii) by reason of such Purchaser’s business or financial experience or the business or financial experience of such Purchaser’s respective professional advisors who are unaffiliated with and who are not compensated by the Company, directly or indirectly, has the capacity to protect his, her or its own interests in connection with the sale of the Stock.
Sophistication of Purchaser. By reason of its business or financial experience, Purchaser is capable of evaluating the risks and merits of an investment in the Company and of protecting its own interests in connection with this investment. 6.6 Accredited Investor Status. Purchaser is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D promulgated under the 1933 Act.
Sophistication of Purchaser. Because of Purchaser's knowledge and experience in financial and business matters, it and its principals are able to evaluate the merits, risks, and other factors bearing upon the suitability of the Preferred Shares as an investment for Purchaser, and it has been afforded adequate opportunity to evaluate this proposed investment in light of those factors, its financial condition, and its investment knowledge and experience. Purchaser further acknowledges that it has adequate net worth and annual income to provide for its current financial needs and possible future contingencies and does not have an existing or foreseeable future need for liquidity of its investment in the Preferred Shares. Also, it is otherwise able to bear the economic risk of an investment in the Preferred Shares, and has sufficient net worth and annual income to sustain a loss of all or part of its investment in the Preferred Shares if that were to occur and to withstand the probable inability to publicly sell, transfer, or otherwise dispose of the URBT Preferred Shares distributed by the Company for an indefinite period of time.
Sophistication of Purchaser. Because of Purchaser’s knowledge and experience in financial and business matters, it and its principals are able to evaluate the merits, risks, and other factors bearing upon the suitability of the Securities as an investment for Purchaser, and it has been afforded adequate opportunity to evaluate this proposed investment in light of those factors, its financial condition, and its investment knowledge and experience. Purchaser further acknowledges that it has adequate net worth and annual income to provide for its current financial needs and possible future contingencies and does not have an existing or foreseeable future need for liquidity of its investment in the Securities. Also, it is otherwise able to bear the economic risk of an investment in the Securities, and has sufficient net worth and annual income to sustain a loss of all or part of its investment in the Securities if that were to occur and to withstand the probable inability to publicly sell, transfer, or otherwise dispose of the Securities for an indefinite period of time.
Sophistication of Purchaser. The Purchaser acknowledges and agrees that, except as set forth in Article II of this Agreement, the Seller Parties are not making, and the Purchaser hereby disclaims, any express or implied warranties in connection with the Purchase Transaction. Purchaser has such knowledge and experience in financial and business matters and in making investment decisions of this type that it is capable of evaluating the merits and risks of making its investment decision regarding the Purchase Transaction and of making an informed investment decision. Purchaser and its advisor(s) have had a reasonable opportunity to ask questions of and receive answers from a person or persons acting on behalf of the Seller Parties concerning the Seller’s Membership Interest and all such questions have been answered to Purchaser’s full satisfaction. Purchaser is not relying upon the Seller Parties to determine information that it should review, and Purchaser acknowledges and agrees that the Seller Parties are not acting in a fiduciary capacity and do not owe any fiduciary duty to Purchaser in connection with this Agreement or the consummation of the Purchase Transaction. Purchaser is not relying on the Seller Parties with respect to the tax and other economic considerations of the Purchase Transaction, and Purchaser has relied on the advice of, or has consulted with, the its own advisors.
Sophistication of Purchaser. Each Purchaser acknowledges and agrees that, except as set forth in this Agreement, the Vendor is not making any express or implied representations, warranties or assurances in connection with the purchase and sale of the Purchased Shares or with respect to the Corporation, its business, condition (financial or otherwise), properties, assets (tangible or intangible), liabilities (including contingent liabilities), operations or results of operations. Each Purchaser hereby agrees that it is purchasing the Purchased Shares on an “as is, where is” basis. Each Purchaser has such knowledge and experience in financial and business matters and in making investment decisions of this type that it is capable of evaluating the merits and risks of making its investment decision regarding the purchase and sale of the Purchased Shares and of making an informed investment decision. Each Purchaser and/or the Purchasers’ advisor(s) have had a reasonable opportunity to ask questions of and receive answers from a person or persons acting on behalf of the Vendor concerning the Purchased Shares and the Vendor and all such questions have been answered to each Purchaser’s full satisfaction. Each Purchaser is not relying on the Vendor with respect to the tax and other economic considerations of the purchase and sale of the Purchased Shares, and each Purchaser has relied on the advice of, or has consulted with, its own advisors.
Sophistication of Purchaser. PURCHASER IS A SOPHISTICATED BUYER WHO IS FAMILIAR WITH THE OWNERSHIP AND OPERATION OF REAL ESTATE PROJECTS SIMILAR TO THE PROPERTY AND PURCHASER HAS HAD OR WILL HAVE ADEQUATE OPPORTUNITY TO COMPLETE ALL PHYSICAL AND FINANCIAL EXAMINATIONS (INCLUDING ALL OF THE EXAMINATIONS, REVIEWS AND INVESTIGATIONS REFERRED TO IN ARTICLE III) RELATING TO THE ACQUISITION OF THE PROPERTY HEREUNDER IT DEEMS NECESSARY, AND WILL ACQUIRE THE SAME SOLELY ON THE BASIS OF AND IN RELIANCE UPON SUCH EXAMINATIONS AND THE TITLE INSURANCE PROTECTION OBTAINED BY IT AND NOT ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY ASSIGNOR (INCLUDING ANY INFORMATION DELIVERED BY SELLER UNDER SECTION 3.1.2).
