Example ContractsClausesExperience of the Purchaser
Experience of the Purchaser
Experience of the Purchaser contract clause examples

Experience of Such Purchaser. Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Such Purchaser is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Investment Experience. The Purchaser is an investor in speculative securities with companies that have no revenue or profits and lack liquidity and capital resources and has such knowledge, sophistication and experience in business and financial matters as to be capable of evaluating the risks of the investment in the Shares. The Purchaser confirms that he is able to bear the economic risk of an investment in the Shares and is able to afford a complete loss of such investment.

Purchaser Status. At the time such Purchaser was offered the Securities, it was, and as of the date hereof it is, and on each date on which it exercises any Warrants, it will be either: # an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act or # a “qualified institutional buyer” as defined in Rule 144A(a) under the Securities Act.

Purchaser Deliverables. At the Closing and as a condition to Closing, Purchaser shall deliver the following:

Purchaser Representations. In connection with the issuance and acquisition of Shares under this Agreement, the Purchaser hereby represents and warrants to the Company as follows:

Knowledge and Experience. The Purchaser and Vendor acknowledge that they have been encouraged to seek their own legal and financial counsel to assist them in evaluating of the sale and the acquisition of the Assets. The Purchaser acknowledges that the Vendor has given it and all of his counsellors’ access to all information relating to Vendor business that he or any one of them have requested. The Vendor acknowledges that the Purchaser has given it and all of his counsellors’ access to all information relating to Purchaser’s business that he or any one of them have requested. The Purchaser acknowledges that he has sufficient business and financial experience, and knowledge concerning the affairs and conditions of Vendor so that he can make a reasoned decision as to this purchase of the Asset and is capable of evaluating the merits and risks of this purchase. The Vendor acknowledges that he has sufficient business and financial experience, and knowledge concerning the affairs and conditions of Purchaser so that he can make a reasoned decision as to the sale of the Asset and is capable of evaluating the merits and risks of this sale for shares in the Purchaser.

Such Purchaser has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of the Company and the Shares;

Purchaser # has adequate means of providing for Purchaser’s current needs and possible contingencies and Purchaser has no need for liquidity of Purchaser’s investment in the Shares; # can bear the economic risk of losing the entire amount of Purchaser’s investment in the Shares; and # has such knowledge and experience that Purchaser is capable of evaluating the relative risks and merits of this investment. The purchase of the Shares is consistent, in both nature and amount, with Purchaser’s overall investment program and financial condition.

Experience of Holder. Each Holder, either alone or together with its representatives, has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Securities, and has so evaluated the merits and risks of such investment. Each Holder is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete loss of such investment.

Corporate Experience Center. Landlord acknowledges that Tenant intends to use up to one (1) floor of the Premises as a facility for hosting Tenant’s customers and potential customers for the purpose of displaying its technology through hands-on, immersive demonstrations (such facility is referred to herein as the “Corporate Experience Center” or the “CXC”). The CXC shall comply with all applicable Laws and the other terms and conditions of this Lease, except Landlord shall, at Tenant’s expense reasonably cooperate with Tenant in connection with the design and construction of the CXC, subject to applicable Laws, and provided the CXC is consistent with the first class nature of the Building.

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