Common use of 200,000 Income Natural Person Clause in Contracts

200,000 Income Natural Person. A natural person who had "Individual Income" in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year. (See definition of "Individual Income" under the caption "Who May Invest" of the Memorandum).

200,000 Income Natural Person. A natural person who had "Individual Income" individual income in excess of $200,000 in each of the two most recent years or joint income with that person's ’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year. (See definition of "Individual Income" under the caption "Who May Invest" of the Memorandum).