Qualified Client Status Sample Clauses
The Qualified Client Status clause defines the criteria that an individual or entity must meet to be considered a 'qualified client' under applicable securities regulations. Typically, this involves meeting certain financial thresholds, such as a minimum net worth or assets under management, which allows the client to participate in specific investment opportunities or fee arrangements, like performance-based fees. By establishing these standards, the clause ensures compliance with regulatory requirements and protects less sophisticated investors from potentially unsuitable investment products or fee structures.
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Qualified Client Status. ¨ The Investor certifies that it is (i) a revocable trust which may be amended or revoked at any time by the grantors thereof, and (ii) each grantor of the trust is a natural person with an individual net worth,2 including assets held jointly with their spouse, in excess of $1,500,000; and (ii) the purchase of the Units is being directed by a sophisticated person (i.e., one who possesses knowledge and experience in financial and business matters such that it is capable of evaluating the merits and risks of the prospective investment). The Fund, in its sole discretion, may request information regarding the basis on which such grantors are qualified clients. Agreements submitted by a Charitable Remainder Trust (CRT) will not be accepted. ¨ The Investor certifies that (i) it is an irrevocable trust with total assets in excess of $5,000,000; (ii) it was not formed for the specific purpose of acquiring the Units offered; and (iii) the purchase of the Units is being directed by a sophisticated person (i.e., one who possesses knowledge and experience in financial and business matters such that it is capable of evaluating the merits and risks of the prospective investment). Agreements submitted by a Charitable Remainder Trust (CRT) will not be accepted.
Qualified Client Status. The Subscriber is / is not “qualified client” as defined in the Advisers Act and the rules thereunder. Note that the Subscriber does not need to be a “qualified client” to invest in a Series. The Subscriber is a “qualified client” if the Subscriber:
(a) immediately after making an investment in Interests has at least $750,000 under the management of Potomac, or
(b) has a net worth (together, in the case of a natural person, with assets held jointly with a spouse) of more than $1,500,000 at the time this Agreement is entered into.
Qualified Client Status. Please complete all applicable information below.
A. Is the Investor primarily engaged (or does it have more than 40% of its assets) in owning, holding or trading in securities, including investments in limited partnerships or limited liability companies such as the Fund, and does the Investor fall into one of the categories listed below:
(i) An investment company registered under the Company Act (an “Investment Company”);
(ii) An investment vehicle excluded from registering as an investment company by virtue of Section 3(c)(1) of the Company Act because it is a non-publicly offered entity whose securities are beneficially owned by less than 100 persons (a “Private Fund Entity”);
(iii) A business development company as defined in Section 202(a)(22) of the Advisers Act (a“Business Development Company”). ¨ Yes ¨ No If “Yes,” please proceed to section (B) below. If “No,” please state your primary business and proceed to (C) below:
B. For investment vehicles responding “Yes” in section (A) above.
(i) a natural person with an individual net worth2 (including assets held jointly with their spouse) in excess of $2,000,000;
(ii) an entity that is not an Investment Company, a Private Fund Entity or a Business Development Company (as such terms are defined in Statement 2(A) above) and such entity has a net worth in excess of $2,000,000;
(iii) an entity that is an Investment Company, a Private Fund Entity or a Business Development Company (as such terms are defined in Statement 2(A) above) of which each and every equity owner of such entity is a person or entity described in clauses (i) and (ii) of this Statement (B).
C. For entity investors responding “No” in section (A) above
Qualified Client Status. Are you a Qualified Client (as defined in Rule 205-3 under the Advisers Act and the related SEC orders)? Please check one box only.
(a) a natural person who, immediately after entering into this Subscription Agreement, has at least $1,000,000 under the management of an investment adviser; or o (b) a company that immediately after enteririgW<lthis Subscription Agreement has at least $1,000,000 under the management of aninvesime~!adyiser; or
Qualified Client Status. I certify that I am a “qualified client” at the time of my investment in the Fund because I satisfy one or more of the categories of qualified client listed below. The Investor is: FOR INDIVIDUALS:
A. A natural person who: (i) has a net worth (including assets jointly held with spouse) exceeding
B. Investment Companies: An entity that is (i) exempt from registration as an investment company under