INFORMED BUYER Sample Clauses
INFORMED BUYER. The Buyer and its senior executive officers are sophisticated investors with experience in the acquisition and valuation of securities, businesses and properties and have been represented in the transactions contemplated hereby by experienced independent legal counsel. The Buyer has been afforded a full and complete opportunity to meet with and ask questions of the Sellers and the executive officers of Marcliff and its Subsidiaries and acknowledges that it has received, or has had access to, all books, records and other information regarding Marcliff and its Subsidiaries and their respective properties, assets, financial condition and business which the Buyer considers necessary or prudent to enable it to make an informed investment decision concerning its purchase of the Purchase Shares. The Buyer is purchasing the Purchase Shares for its own account and not with any view to the resale thereof and understands that the Purchase Shares are being sold without registration under the federal securities laws in reliance upon such representation.
INFORMED BUYER. Such Buyer is an “accredited investor” as such term is defined in Rule 501 promulgated under the Securities Act of 1933. Such Buyer is knowledgeable and experienced in the business of the Company and has had sufficient experience analyzing and investing in manufacturing businesses catering to the oil and gas industry, so as to be capable of determining the value of such companies. Such Buyer has completed its own independent investigation, analysis and evaluation of the Company and the Shares, has made all reviews and inspections of the business, assets, results of operations, conditions (financial or otherwise) and prospects of the Company as such Buyer has deemed necessary or appropriate. In making such ▇▇▇▇▇’s decision to enter into this Agreement, such ▇▇▇▇▇ has relied solely on such investigation, analysis and evaluation.
INFORMED BUYER. 25 6.5 LITIGATION..............................................................................26 6.6