Sophistication of the Purchaser. The Purchaser acknowledges and agrees that, except as set forth in this Agreement, the Seller is not making any express or implied warranties in connection with the Repurchase Transaction. The 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 Repurchase Transaction and of making an informed investment decision. The Purchaser and/or the Purchaser’s 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 concerning the Shares and the Seller and all such questions have been answered to the Purchaser’s full satisfaction. The Purchaser is not relying on the Seller with respect to the tax and other economic considerations of the Repurchase Transaction, and the Purchaser has relied on the advice of, or has consulted with, the Purchaser’s own advisors.
Sophistication of the Purchaser. The Purchaser has evaluated the merits and risks of purchasing the Shares and has such knowledge and experience in financial and business matters that the Purchaser is capable of evaluating the merits and risks of such purchase, is aware of and has considered the financial risks and financial hazards of purchasing the Shares, and is able to bear the economic risk of purchasing the Shares, including the possibility of a complete loss with respect thereto.
Sophistication of the Purchaser. The Purchaser is a sophisticated and experienced operator of marine vessels in the oil service business. As of the Closing Date, the Purchaser acknowledges that the Sellers have made available to it and its advisors the opportunity to evaluate the Companies, their vessels, their assets and their business and the merits and risks of this investment. As of the Closing Date, the Purchaser acknowledges that it and its advisors, consultants and counsel have been furnished all materials that it or they have requested relating to the Companies, the vessels and other assets of the Companies, their business, affairs, personnel and contracts, and have been provided answers to all questions and complete access to any other information that it or they deem relevant, necessary or appropriate to evaluate the risks and merits associated with an investment in the Companies. As of the Closing Date, representatives of the Purchaser have met with management of the Companies and had an opportunity to ask questions of and receive satisfactory answers from management about all information that such representatives of the Purchaser deemed relevant in making a determination whether to invest in the Companies.
Sophistication of the Purchaser. Each Stock Designee is an “accredited investor” within the meaning of Rule 501 under the Securities Act, has knowledge and experience in financial and business matters and is capable of evaluating the merits and risks of the transactions contemplated by this Agreement. The Parent and the Sellers have provided the Stock Designees the opportunity to ask questions of the officers and management of the Parent, the Sellers and the TDI Companies with respect to the business conducted by the Southern Entities. In making their decision to enter into this Agreement and to consummate the transactions contemplated hereby, the Stock Designees have relied solely on their own independent investigation, analysis and evaluation of the Southern Entities and the Southern Business and the express representations, warranties and other undertakings of the Parent and the Sellers contained herein.”
Sophistication of the Purchaser. The Purchaser (either alone or together with its advisors) has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the 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 or has chosen in its sole discretion not to engage such advisor(s). 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 the Purchaser. The Purchaser acknowledges and agrees that, except as set forth in this Agreement, BMS is not making any express or implied warranties in connection with the Repurchase Transaction. The 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 Repurchase Transaction and of making an informed investment decision. The 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 BMS concerning the Shares and BMS and all such questions have been answered to the Purchaser’s full satisfaction. The Purchaser is not relying on BMS with respect to the tax and other economic considerations of the Repurchase Transaction, and the Purchaser has relied on the advice of, or has consulted with, the Purchaser’s own advisors.
Sophistication of the Purchaser. Xxxxx Xxxxxx, Xxxxxx X. Xxxxxxxxxxx and Xxxxx Xxxx, Purchaser's officers, managers and members are currently the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, respectively, of the Company, and in such capacity, they have been afforded and have had full access to all of the Company's properties, books, contracts, commitments, records and other information, including without limitation all financial, accounting, operational and business records and information concerning the Company's affairs, and as a result thereof, Purchaser shall be deemed to have knowledge of all such information. Purchaser acknowledges that, through Messrs. Xxxxxx, Xxxxxxxxxxx and Xxxx, it has conducted its own investigation, and is personally aware of the Company's affairs, and Purchaser is not relying on any representation, statement or omission of any Seller or of any other person in entering into this Agreement or consummating the transactions contemplated hereby (except solely for the representations and warranties of the Sellers expressly set forth in Article II).
Sophistication of the Purchaser. The Purchasers have such knowledge and experience in financial and business matters that the Purchasers are capable of evaluating the merits and risks of the Purchasers' investment contemplated by this Agreement and have the capacity to protect the Purchasers' own interests. The Purchasers acknowledge that investment in the Securities is highly speculative and involves a substantial and high degree of risk of loss of the Purchasers' entire investment. The Purchasers have adequate means of providing for current and anticipated financial needs and contingencies, are able to bear the economic risk for an indefinite period of time and have no need for liquidity of the investment in the Securities and could afford complete loss of such investment.
Sophistication of the Purchaser. The Purchaser is an ------------------------------- "accredited investor" within the meaning of Rule 501 under the Securities Act, has knowledge and experience in financial and business matters and is capable of evaluating the merits and risks of the purchase of the Shares. The Seller has provided to the Purchaser the opportunity to ask questions of the officers and management of the Parent, the Seller and the DMS Companies with respect to the business conducted by the DMS Companies and the DMS Subsidiaries and the Financial Statements and the Purchaser has received all information with respect to such matters it has requested.
Sophistication of the Purchaser. You have such knowledge and experience in financial and business matters that you are capable of evaluating the merits and risks of your investment contemplated by this Agreement and have the capacity to protect your own interests. You acknowledge that investment in the Securities is highly speculative and involves a substantial and high degree of risk of loss of your entire investment. You have adequate means of providing for current and anticipated financial needs and contingencies, are able to bear the economic risk for an indefinite period of time and have no need for liquidity of the investment in the Securities and could afford complete loss of such investment.
