Common use of Knowledge and Experience Clause in Contracts

Knowledge and Experience. Such Member, either by itself or through its advisors and principals, has such knowledge and experience in the origination, servicing, sale and/or purchase of performing and non-performing or distressed loans, including construction loans and loans secured by residential and commercial properties, as well as financial and business matters, as to enable such Member to utilize the information made available to it with respect to the LLC Interest acquired by it and the Assets to evaluate the merits and risks of a purchase of the Private Owner Interest and, indirectly, the Assets, and to make an informed decision with respect thereto.

Appears in 10 contracts

Sources: Private Owner Interest Sale and Assignment Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

Knowledge and Experience. Such Member, either by itself or through its advisors advisers and principals, has such knowledge and experience in the origination, servicing, sale and/or purchase of performing and non-performing or distressed loans, including construction loans and loans secured by residential and commercial properties, as well as financial and business matters, as to enable such Member to utilize the information made available to it with respect to the LLC Interest acquired by it and the Assets Loans to evaluate the merits and risks of a purchase of the Private Owner LLC Interest acquired by it and, indirectly, the AssetsLoans, and to make an informed decision with respect thereto.

Appears in 10 contracts

Sources: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

Knowledge and Experience. Such Member, either by itself or through its advisors advisers and principals, has such knowledge and experience in the origination, servicing, sale and/or purchase of performing and non-performing or distressed loans, including construction loans and loans secured by residential and commercial properties, as well as financial and business matters, as to enable such Member to utilize the information made available to it with respect to the LLC Interest acquired by it and the Assets to evaluate the merits and risks of a purchase of the Private Owner LLC Interest and, indirectly, the Assets, and to make an informed decision with respect thereto.

Appears in 3 contracts

Sources: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

Knowledge and Experience. Such Member, either by itself or through its advisors advisers and principals, has such knowledge and experience in the origination, servicing, sale and/or purchase of performing and non-performing or distressed loans, including construction loans and loans secured by residential and commercial properties, as well as financial and business matters, as to enable such Member to utilize the information made available to it with respect to the LLC Interest acquired by it and the Assets Mortgage Loans to evaluate the merits and risks of a purchase of the Private Owner LLC Interest acquired by it and, indirectly, the AssetsMortgage Loans, and to make an informed decision with respect thereto.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement