Common use of Qualified Client Status Clause in Contracts

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.