Required Representations definition

Required Representations has the meaning set forth in Section 10.05(d).
View Source
Required Representations means, with respect to any Member involved in a Transfer of its Interests, representations and warranties by such Member with respect to its ownership of such Transferred Interests free and clear of all Liens and its authority to sell such Transferred Interests.
View Source
Required Representations has the meaning set forth in Section 7.02(b). “Restructuring” has the meaning set forth in the introductory paragraph hereof. “Rules” has the meaning set forth in Section 12.09(b).
View Source

Examples of Required Representations in a sentence

  • Such ROFO Sale shall be on an “as is” and “where is” basis with no representations or warranties other than the Required Representations.

  • The Builder's Risk Policy shall be in the amount of the full replacement value of the Improvements and shall contain a deductible amount acceptable to Landlord.

  • Any indemnification or other obligation assumed or incurred in connection with a Transfer shall be allocated among the Persons Transferring Units in connection with such Transfer in the same proportion as the consideration received by such Persons in connection with such Transfer, in each case other than with respect to the Required Representations.

  • Required Representations: By signing Section 7, the Financial Advisor confirms on behalf of the Broker-Dealer that he or she: Net of Commission Purchase (“NOCP”): NOCPs are available to registered associates and other employees of soliciting Broker-Dealer, GREC and their affiliates, participants in a wrap account or commission replacement account with approval for a discount by the Broker-Dealer, RIA, bank trust account, etc.


More Definitions of Required Representations

Required Representations. By signing Section 7, the registered representative of the Broker-Dealer or Registered Investment Advisor confirms on behalf of the Broker-Dealer that he or she: • has reasonable grounds to believe the information and representations concerning the investor identified herein are true, correct, and complete in all respects; • has discussed the investor’s prospective purchase of shares with such investor; • has advised such investor of all pertinent facts with regard to the lack of liquidity and marketability of the shares and other fundamental risks related to the investment in the shares, the restrictions on transfer of the shares and the risk that the investor could lose his or her entire investment in the shares; • has delivered to the investor the Prospectus required to be delivered in connection with this subscription; • has reasonable grounds to believe the investor is purchasing these shares for the account referenced in Section 4, and • has reasonable grounds to believe the purchase of shares is a suitable investment for such investor, and such investor meets the suitability standards applicable to the investor set forth in the Prospectus and such investor is in a financial position to enable the investor to realize the benefits of such an investment and to suffer any loss that may occur with respect thereto. In addition, the registered representative of the Broker-Dealer or Registered Investment Advisor represents that he or she and the Broker-Dealer, (i) are duly licensed and may lawfully offer and sell the shares in the state where the investment was made and in the state designated as the investor’s legal residence in Section 3; and (ii) agree to maintain records of the information used to determine that an investment in shares is suitable and appropriate for the investor for a period of six years.
View Source