Preexisting Relationship. CG has been a member of the Board of Directors of Ground Round since July 1995 and, as a senior executive of an affiliate of Seller, has been one of two executives responsible for monitoring the Ground Round investment. Each of the Buyers (i) has the capacity to protect his own interests in connection with this transaction by reason of his business and financial experience; and (ii) has not been induced to purchase such interest in Ground Round by any representation or warranty other than as expressly set forth in Article II hereof. Each of the Buyers further understands and acknowledges that an investment in Ground Round is one of high risk and is speculative and represents that he can bear the loss of an investment in Ground Round.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Guntner Christian R), Stock Purchase Agreement (Us Industries Inc)