Accredited Investor Verification. Subscriber shall deliver to Company a letter from its legal counsel verifying its status as an accredited investor as such term is defined in Rule 501(a) of Regulation D under the Securities Act, and such letter to be made in a form acceptable to Company and its counsel.
Accredited Investor Verification. Upon request by the Company, Xxxxxx shall deliver to the Company a letter from its legal counsel verifying its status as an accredited investor as such term is defined in Rule 501(a) of Regulation D under the Securities Act, and such letter to be made in a form acceptable to the Company and its counsel.
Accredited Investor Verification. The Units will be offered and sold pursuant to exemptions from the registration requirements of the Securities Act set forth in Rule 506 of Regulation D and Section 4(a)(2) of the Securities Act. No Units will be sold to a prospective Subscriber unless such Subscriber is an “accredited investor” pursuant to the provisions of Rule 501(a) of Regulation D promulgated under the Securities Act. The Fund will rely on the exemption available under Rule 506(c) of Regulation D promulgated under the Securities Act, which exemption permits general solicitation and advertising in connection with the offering of the Units but requires independent verification that each Subscriber qualifies as an accredited investor. As such, the Manager will only accept subscriptions submitted by prospective Subscribers who represent in writing that they meet the requirements of the investor suitability standards described in this Agreement and can provide independent verification thereof to the Manager. To provide such verification, each prospective Subscriber is required to provide to the Manager an Accredited Investor Status Certification Letter in substantially the form attached hereto as Exhibit G (the “Status Certification Letter”) or other independent verification acceptable to the Manager. Unless a Subscriber verifies its status as an accredited investor, independently or by way of a Status Certification Letter, the Manager will and hereby does reject such Subscriber’s subscription for Units, regardless of whether any funds have been advanced to the Manager or the Fund, and such funds will be returned to the prospective Subscriber without interest.
