Common use of Investment Representations of Members Clause in Contracts

Investment Representations of Members. Each Member hereby represents, warrants and acknowledges to the Company that: (a) such Member has such knowledge and experience in financial and business matters and is capable of evaluating the merits and risks of an investment in the Company and is making an informed investment decision with respect thereto; (b) such Member is acquiring interests in the Company for its own account and not with a view to distribution, subject, nevertheless, to the understanding that the disposition of such Member’s property will at all times be and remain within the such Member’s control; and (c) the execution, delivery and performance of this Agreement have been duly authorized by such Member.

Appears in 5 contracts

Samples: LLC Operating Agreement, Operating Agreement (Chrysler Group LLC), Operating Agreement (Chrysler Group LLC)

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Investment Representations of Members. Each Member hereby represents, warrants and acknowledges to the Company that: (a) such Member has such knowledge and experience in financial and business matters and is capable of evaluating the merits and risks of an investment in the Company and is making an informed investment decision with respect thereto; (b) such Member is acquiring interests in the Company for its own account and not with a view to distribution, subject, nevertheless, to the understanding that the disposition of such Member’s 's property will at all times be and remain within the such Member’s 's control; and (c) the execution, delivery and performance of this Agreement have been duly authorized by such Member.

Appears in 1 contract

Samples: Shareholders Agreement

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