Experience of the Purchaser. The Purchaser 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 MFP Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the MFP Shares and, at the present time, is able to afford a complete loss of such investment.
Appears in 12 contracts
Sources: Series a Munifund Preferred Shares Purchase and Exchange Agreement (Wells Fargo & Company/Mn), Series C Munifund Preferred Shares Purchase Agreement (Wells Fargo & Company/Mn), Initial Series a Munifund Preferred Shares Purchase Agreement (Bank of America Corp /De/)
Experience of the Purchaser. The Purchaser 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 Additional MFP Shares, and has so evaluated the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Additional MFP Shares and, at the present time, is able to afford a complete loss of such investment.
Appears in 4 contracts
Sources: Additional Series a Munifund Preferred Shares Purchase Agreement (Bank of America Corp /De/), Additional Series B Munifund Preferred Shares Purchase Agreement (Toronto Dominion Investments, Inc.), Additional Series B Munifund Preferred Shares Purchase Agreement (Toronto Dominion Investments, Inc.)