Common use of Purchases by Non-Bank Fiduciaries Clause in Contracts

Purchases by Non-Bank Fiduciaries. In the case of a non-bank --------------------------------- Subsequent Purchaser of a Security acting as a fiduciary for one or more third parties, each third party shall, in the judgment of the applicable Initial Purchaser, be an institutional accredited investor (as such term is defined in Rule 501(a)(1), (2), (3) or (7) under the ▇▇▇▇ ▇▇▇) or a Qualified Institutional Buyer.

Purchases by Non-Bank Fiduciaries. In the case of a non-bank --------------------------------- ---------------------------------------- Subsequent Purchaser of a Security acting as a fiduciary for one or more third parties, each third party shall, in the judgment of the applicable Initial PurchaserPurchasers, be an institutional accredited investor (as such term is defined in Rule 501(a)(1), (2), (3) or (7) under the ▇▇▇▇ ▇▇▇) or a Qualified Institutional Buyer.