Common use of Status of the Buyer Clause in Contracts

Status of the Buyer. The Buyer represents and warrants that (A) the Buyer is acquiring the Shares for its own account for investment and not for the account of any other person and not with a view to or for distribution, assignment or resale in connection with any distribution within the meaning of the Securities Act, (B) the Buyer agrees not to sell or otherwise transfer the Shares unless they are registered under the Securities Act and any applicable state securities laws, or an exemption or exemptions from such registration are available, (C) the Buyer represents that it has knowledge and experience in financial and business matters such that it is capable of evaluating the merits and risks of acquiring the Shares, (D) the Buyer has had access to all documents, records, and books of the Company pertaining to the investment and was provided the opportunity ask questions and receive answers regarding the terms and conditions of the acquisition of the Shares and to obtain any additional information which the Company possesses or was able to acquire without unreasonable effort and expense, and Buyer received information concerning the Company, Seller and the Shares equivalent to that which would have been included in a registration statement prepared under the Securities Act of 1933, as amended (the "Securities Act"), and (E) the Buyer has no need for the liquidity in its investment in the Company and could afford the complete loss of such investment.

Status of the Buyer. The Each Buyer represents and warrants that (A) the such Buyer is acquiring the Shares for his or its own account for investment and not for the account of any other person and not with a view to or for distribution, assignment or resale in connection with any distribution within the meaning of the Securities Act, (B) the such Buyer agrees not to sell or otherwise transfer the Shares unless they are registered under the Securities Act and any applicable state securities laws, or an exemption or exemptions from such registration are available, (C) the such Buyer represents that it has knowledge and experience in financial and business matters such that it is capable of evaluating the merits and risks of acquiring the Shares, (D) the such Buyer has had access to all documents, records, and books of the Company pertaining to the investment and was provided the opportunity ask questions and receive answers regarding the terms and conditions of the acquisition of the Shares and to obtain any additional information which the Company possesses or was able to acquire without unreasonable effort and expense, and such Buyer received information concerning the Company, the Seller and the Shares equivalent to that which would have been included in a registration statement prepared under the Securities Act of 1933, as amended (the "Securities Act")amended, and (E) the such Buyer has no need for the liquidity in its investment in the Company and could afford the complete loss of such investment.

Status of the Buyer. The Each Buyer represents and warrants that (A) the such Buyer is acquiring the Shares for its own account for investment and not for the account of any other person and not with a view to or for distribution, assignment or resale in connection with any distribution within the meaning of the Securities Act, (B) the such Buyer agrees not to sell or otherwise transfer the Shares unless they are registered under the Securities Act and any applicable state securities laws, or an exemption or exemptions from such registration are available, (C) the such Buyer represents that it has knowledge and experience in financial and business matters such that it is capable of evaluating the merits and risks of acquiring the Shares, (D) the such Buyer has had access to all documents, records, and books of the Company pertaining to the investment and was provided the opportunity ask questions and receive answers regarding the terms and conditions of the acquisition of the Shares and to obtain any additional information which the Company possesses or was able to acquire without unreasonable effort and expense, and such Buyer received information concerning the Company, Seller the Sellers and the Shares equivalent to that which would have been included in a registration statement prepared under the Securities Act of 1933, as amended (the "Securities Act")amended, and (E) the such Buyer has no need for the liquidity in its investment in the Company and could afford the complete loss of such investment.