Common use of Investment Representations of the Members Clause in Contracts

Investment Representations of the Members. (a) Each Member or individual executing this Agreement on behalf of an Entity which is a Member hereby represents and warrants to the Company and to the Members that such Member has acquired such Member's Membership Interest in the Company for investment solely for such Member's own account with the intention of holding such Membership Interest for investment, without any intention of participating directly or indirectly in any distribution of any portion of such Membership Interest and without the financial participation of any other Person in acquiring such Membership Interest in the Company.

Appears in 12 contracts

Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)

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Investment Representations of the Members. (a) Each Member or individual executing this Agreement on behalf of an Entity which is a Member hereby represents and warrants to the Company and to the Members that such Member has acquired such Member's Membership Interest in the Company for investment solely for such Member's own account with the intention of holding such Membership Interest for investment, without any intention of participating directly or indirectly in any distribution of any portion of such Membership Interest Interest, including an Economic Interest, and without the financial participation of any other Person in acquiring such Membership Interest in the Company.

Appears in 7 contracts

Samples: Operating Agreement (Medcath Inc), Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)

Investment Representations of the Members. (a) Each Member or individual executing this Agreement on behalf of an Entity entity which is a Member hereby represents and warrants to the Company and to the Members that such Member has acquired such Member's Membership Interest in the Company for investment solely for such MemberCompany's own account with the intention of holding such Membership Interest for investment, without any intention of participating directly or indirectly in any distribution of any portion of such Membership Interest Interest, including an Economic Interest, and without the financial participation of any other Person in acquiring such Membership Interest in the Company.

Appears in 4 contracts

Samples: Operating Agreement (Medcath Inc), Operating Agreement (Medcath Inc), Operating Agreement (Medcath Corp)

Investment Representations of the Members. (a) Each Member or individual executing this Agreement on behalf of an Entity entity which is a Member hereby represents and warrants to the Company and to the Members that such Member has acquired such Member's Membership Interest in the Company for investment solely for such Member's own account with the intention of holding such Membership Interest for investment, without any intention of participating directly or indirectly in any distribution of any portion of such Membership Interest Interest, including an and Economic Interest, and without the financial participation of any other Person in acquiring such Membership Interest in the Company.

Appears in 2 contracts

Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)

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Investment Representations of the Members. (a) Each Member or individual executing this Agreement on behalf of an Entity entity which is a Member hereby represents and warrants to the Company and to the Members that such Member has acquired such Member's Membership Interest in the Company for investment solely for such MemberCompany's own account with the intention of holding such Membership Interest for investment, without any intention of participating directly or indirectly in any distribution of any portion of such Membership Interest Interest, including an and Economic Interest, and without the financial participation of any other Person in acquiring such Membership Interest in the Company.

Appears in 2 contracts

Samples: Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)

Investment Representations of the Members. (a) Each Member or individual executing this Agreement on behalf of an Entity which is a Member hereby represents and warrants to the Company and to the Members that such Member has acquired such Member's ’s Membership Interest in the Company for investment solely for such Member's ’s own account with the intention of holding such Membership Interest for investment, without any intention of participating directly or indirectly in any distribution of any portion of such Membership Interest and without the financial participation of any other Person in acquiring such Membership Interest in the Company.;

Appears in 1 contract

Samples: Operating Agreement (Medcath Corp)

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