Common use of Knowledgeable Investor Clause in Contracts

Knowledgeable Investor. The Partnership, through its General Partner and the affiliates thereof, is an experienced and knowledgeable investor and an experienced operator in the oil and gas business, including transloading of crude petroleum. Prior to entering into this Agreement, the Partnership was advised by independent counsel and has relied on its own expertise, through its General Partner and the affiliates thereof, concerning this Agreement, the Assets and the value thereof (except for the representations and warranties contained in the Constituent Documents) but have independently evaluated the Assets for purposes of entering into and Closing this transaction.