Common use of Purchase Intent Clause in Contracts

Purchase Intent. Such Commitment Party is acquiring the Total Committed 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 Total Committed Equity Interests or any part thereof. Such Commitment Party understands that such Commitment Party must bear the economic risk of this investment indefinitely, unless the Total Committed Equity Interests are 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 Total Committed Equity Interests will be registered at the time of issuance.