Common use of Financial Status Clause in Contracts

Financial Status. Holder is an “accredited investor” as such term is defined in Regulation D promulgated under the Securities Act. Holder is able to bear the economic risk of an investment in shares of Parent Common Stock for an indefinite period of time, has adequate means of providing for its, his or her current financial needs and personal contingencies, has no need for liquidity in the investment in shares of Parent Common Stock, understands that Holder may not be able to liquidate its, his or her investment in Parent in an emergency, if at all, and can afford a complete loss of the investment.

Appears in 10 contracts

Sources: Rollover and Contribution Agreement (Washington Dennis R), Rollover and Contribution Agreement (Fairfax Financial Holdings LTD/ Can), Rollover and Contribution Agreement (Sokol David L)

Financial Status. Holder is an “accredited investor” as such term is defined in Regulation D promulgated under the Securities Act. Holder is able to bear the economic risk of an investment in shares of Parent Common Stock Units for an indefinite period of time, has adequate means of providing for its, his or her current financial needs and personal contingencies, has no need for liquidity in the investment in shares of Parent Common StockUnits, understands that Holder may not be able to liquidate its, his or her investment in Parent in an emergency, if at all, and can afford a complete loss of the investment.

Appears in 2 contracts

Sources: Rollover Agreement (Kennedy-Wilson Holdings, Inc.), Rollover Agreement (Kennedy-Wilson Holdings, Inc.)

Financial Status. Holder is an “accredited investor” as such term is defined in Regulation D promulgated under the Securities Act. Holder is able to bear the economic risk of an investment in shares of Parent Common Stock Holdings for an indefinite period of time, has adequate means of providing for its, his or her Holder’s current financial needs and personal contingencies, has no need for liquidity in the investment in shares of Parent Common StockHoldings, understands that Holder may not be able to liquidate its, his or her Holder’s investment in Parent Holdings in an emergency, if at all, and can afford a complete loss of the investmentHolder’s investment in Holdings.

Appears in 1 contract

Sources: Rollover Agreement (New Enterprise Associates 17, L.P.)