Common use of Decision to Purchase Clause in Contracts

Decision to Purchase. Buyer warrants and represents that it is a sophisticated purchaser and has knowledge and experience in financial and business matters that enable it to evaluate the merits and risks of the transaction contemplated by this Agreement, and that its bid and decision to purchase the Accounts are based upon Buyer's own independent evaluation of the transaction. In entering into this Agreement, Buyer has not relied upon any oral or written information provided by Sellers or Sellers' personnel, agents, representatives, or independent contractors and acknowledges and understands that no employee, agent, representative or independent contractor of the Sellers has been authorized to make, and that Buyer has not relied upon, any statements or representations other than those specifically contained in this Agreement. Buyer has made such independent investigations as it deems to be warranted into the nature, validity, enforceability, collectability, and value of the Accounts, and all other facts it deems material to its purchase and is entering into this transaction solely on the basis of that investigation and Buyer's own judgment, and is not acting in reliance on any representation made or information furnished by Sellers, their employees, agents, representatives, or independent contractors.