Common use of Purchase Intent Clause in Contracts

Purchase Intent. Such Backstop Party is acquiring the New Preferred Equity Interests for its own account or for the accounts for which it is acting as investment advisors or manager, and not with a view to distributing or reselling such New Preferred Equity Interests or any part thereof. Such Backstop Party understands that such Backstop Party must bear the economic risk of this investment indefinitely, unless the New Preferred Equity Interests is registered pursuant to the Securities Act and any applicable state securities or Blue Sky laws or an exemption from such registration is available, and further understands that it is not currently contemplated that any New Preferred Equity Interests will be registered at the time of issuance.