Common use of Capability to Evaluate Clause in Contracts

Capability to Evaluate. The Lender has such knowledge and experience in financial and business matters, either directly or through its representatives or advisors, that it is capable of evaluating the merits and risks of the prospective investment, which risks are substantial.

Appears in 2 contracts

Sources: Facility Loan Agreement (Biodelivery Sciences International Inc), Facility Loan Agreement (Invisa Inc)

Capability to Evaluate. The Lender has such sufficient knowledge and experience in financial and business matters, either directly or through its representatives or advisors, that it is in investing in companies similar to Borrower so as to be capable of evaluating the merits and risks of investing in the prospective investmentLoan Securities as compensation under this Agreement, which risks are substantial.

Appears in 1 contract

Sources: Loan Agreement (Signalife, Inc.)