Common use of Experience, Financial Capability and Suitability Clause in Contracts

Experience, Financial Capability and Suitability. Purchaser is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act, and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Purchaser must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser is able to bear the economic risks of an investment in the Shares and to afford a complete loss of Purchaser’s investment in the Shares.

Appears in 5 contracts

Sources: Share Purchase Agreement (AppTech Payments Corp.), Share Purchase Agreement (AppTech Payments Corp.), Share Purchase Agreement (Energem Corp)

Experience, Financial Capability and Suitability. Purchaser is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Private Shares and (ii) able to bear the economic risk of its investment in the Private Shares for an indefinite period of time because the Private Shares have not been registered under the Securities Act, Act (as defined below) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser is capable of evaluating the merits and risks of its investment in the Company Seller and has the capacity to protect its own interests. Purchaser must bear the economic risk of this investment until the Private Shares are sold pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser is able to bear the economic risks of an investment in the Private Shares and to afford a complete loss of Purchaser’s investment in the Private Shares.

Appears in 4 contracts

Sources: Securities Purchase Agreement (byNordic Acquisition Corp), Securities Purchase Agreement (byNordic Acquisition Corp), Securities Purchase Agreement (byNordic Acquisition Corp)

Experience, Financial Capability and Suitability. The Purchaser is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act, Act (as defined below) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. The Purchaser is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. The Purchaser must bear the economic risk of this investment until the Shares are sold pursuant to: (ix) an effective registration statement under the Securities Act or (iiy) an exemption from registration available with respect to such sale. The Purchaser is able to bear the economic risks of an investment in the Shares and to afford a complete loss of the Purchaser’s investment in the Shares.

Appears in 2 contracts

Sources: Investment Agreement (First Light Acquisition Group, Inc.), Investment Agreement (First Light Acquisition Group, Inc.)

Experience, Financial Capability and Suitability. Purchaser Holder is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Exchange Shares and (ii) able to bear the economic risk of its investment in the Exchange Shares for an indefinite period of time because the Exchange Shares have not been registered under the Securities Act, Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser Holder is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Purchaser Holder must bear the economic risk of this investment until the Exchange Shares are sold pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser Holder is able to bear the economic risks of an investment in the Exchange Shares and to afford a complete loss of Purchasersuch ▇▇▇▇▇▇’s investment in the Exchange Shares.

Appears in 2 contracts

Sources: Exchange Agreement (Reborn Coffee, Inc.), Exchange Agreement (HNR Acquisition Corp.)

Experience, Financial Capability and Suitability. Purchaser Buyer is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act, Act (as defined below) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser Buyer is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Purchaser Buyer must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser Buyer is able to bear the economic risks of an investment in the Shares and to afford a complete loss of PurchaserBuyer’s investment in the Shares.

Appears in 1 contract

Sources: Securities Purchase Agreement (Levere Holdings Corp.)

Experience, Financial Capability and Suitability. Purchaser Buyer is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act, Act (as defined below) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser Buyer is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Purchaser Buyer must bear the economic risk of this investment until the Shares are sold pursuant to: (i) to an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser Buyer is able to bear the economic risks of an investment in the Shares and to afford a complete loss of PurchaserBuyer’s investment in the Shares.

Appears in 1 contract

Sources: Securities Assignment Agreement (PENSARE ACQUISITION Corp)

Experience, Financial Capability and Suitability. The Purchaser is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its his investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. The Purchaser is capable of evaluating the merits and risks of its investment in the Company Shares and has the capacity to protect its own interests. The Purchaser must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser is able to bear the economic risks of an investment in the Shares and to afford a complete loss of Purchaser’s investment in the Shares.

Appears in 1 contract

Sources: Share Purchase Agreement (Fat Projects Acquisition Corp)

Experience, Financial Capability and Suitability. Purchaser The Investor is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser The Investor is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Purchaser The Investor must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser The Investor is able to bear the economic risks of an investment in the Shares and to afford a complete loss of Purchaserthe Investor’s investment in the Shares.

Appears in 1 contract

Sources: General Release Agreement (Foxo Technologies Inc.)

Experience, Financial Capability and Suitability. Purchaser is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Founder Shares and (ii) able to bear the economic risk of its investment in the Founder Shares for an indefinite period of time because the Founder Shares have not been registered under the Securities Act, Act (as defined below) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Purchaser must bear the economic risk of this investment until the Founder Shares are sold pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser is able to bear the economic risks of an investment in the Founder Shares and to afford a complete loss of Purchaser’s investment in the Founder Shares.

Appears in 1 contract

Sources: Securities Purchase Agreement (byNordic Acquisition Corp)

Experience, Financial Capability and Suitability. Purchaser Such Investor is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act, Act (as defined below) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser Such Investor is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Purchaser Investor must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Purchaser Such Investor is able to bear the economic risks of an investment in the Shares and to afford a complete loss of PurchaserInvestor’s investment in the Shares.

Appears in 1 contract

Sources: Anchor Investment Agreement (PepperLime Health Acquisition Corp)