Common use of Investment in Securities Clause in Contracts

Investment in Securities. The Purchaser represents and warrants to, and covenants with, the Company that: (i) the Purchaser, either individually, or together with a purchaser representative, is knowledgeable, sophisticated and experienced in making, and is qualified to make, decisions with respect to investments in shares representing an investment decision like that involved in the purchase of the Securities, including investments in securities issued by the Company and comparable entities, and has requested, received, reviewed and considered all information it deems relevant in making an informed decision to purchase the Securities; (ii) the Purchaser is acquiring the Securities in the ordinary course of its business and for its own account for investment only and with no present intention or view toward the public sale or distribution thereof, and no arrangement or understanding exists with any other persons regarding the public sale or distribution of any Securities; (iii) the Purchaser will not, directly or indirectly, except in compliance with the Securities Act, the rules and regulations promulgated thereunder and such other securities or blue sky laws as may be applicable, offer, sell, pledge, transfer or otherwise dispose of (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of) any of the Securities or engage in any Short Sale (as defined below); (iv) the Purchaser has completed or caused to be completed the Investor Questionnaire and the answers thereto are true and correct in all respects as of the date hereof; (v) the Purchaser has, in connection with its decision to purchase the Securities, relied solely upon its own independent investigation of the Company and the representations and warranties of the Company contained herein; and (vi) the Purchaser is an "accredited investor" within the meaning of Rule 501(a) of Regulation D promulgated under the Securities Act.

Investment in Securities. The Purchaser represents and warrants to, and covenants with, the Company that: (i) the Purchaser, either individually, or together with a purchaser representative, is knowledgeable, sophisticated and experienced in making, and is qualified to make, decisions with respect to investments in shares representing an investment decision like that involved in the purchase of the Securities, including investments in securities issued by the Company and comparable entities, and has requested, received, reviewed and considered all information it deems relevant in making an informed decision to purchase the Securities; (ii) the Purchaser is acquiring the Securities in the ordinary course of its business and for its own account for investment only and with no present intention or view toward the public sale or distribution thereof, and no arrangement or understanding exists with any other persons regarding the public sale or distribution of any Securities; (iii) the Purchaser will not, directly or indirectly, except in compliance with the Securities Act, the rules and regulations promulgated thereunder and such other securities or blue sky laws as may be applicable, offer, sell, pledge, transfer or otherwise dispose of (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of) any of the Securities or engage in any Short Sale (as defined below); (iv) the Purchaser has completed or caused to be completed the Investor Questionnaire and the answers thereto are true and correct in all respects as of the date hereof; (v) the Purchaser has, in connection with its decision to purchase the Securities, relied solely upon its own independent investigation of the Company and the representations and warranties of the Company contained herein; and (vi) the Purchaser is an "“accredited investor" ” within the meaning of Rule 501(a) of Regulation D promulgated under the Securities Act.