Common use of Sophisticated Purchaser Clause in Contracts

Sophisticated Purchaser. The Purchaser is a sophisticated purchaser with respect to the Interest. The Purchaser has received such information concerning the business and financial condition of the Company as the Purchaser deems necessary in order to make an informed decision to purchase the Interest from the Seller. The Purchaser acknowledges that the Purchaser and the Purchaser's advisors, if any, have had the right to ask questions of and receive answers from the Company and its officers and directors, and to obtain such information concerning the Company, as the Purchaser and the Purchaser's advisor(s), if any, deem necessary in connection with the purchase of the Interest. In making the decision to purchase the Interest, the Purchaser has relied solely on the information obtained by Purchaser directly from the Company as a result of any inquiries by the Purchaser or the Purchaser's advisor(s) and has independently, without reliance upon the Seller and based on such information as it deemed appropriate, made its own analysis and decision to purchase the Interest from the Seller.