Common use of Qualified Investors Clause in Contracts

Qualified Investors. (a) You will only: (i) solicit offers to purchase Shares from persons who certify that they have a net worth of more than $1.5 million (or in the case of an individual, a joint net worth with their spouse of more than $1.5 million) ("Qualified Investors"); and (ii) submit completed Investor Certifications to us or another agent of the Funds on behalf of prospective investors who you have determined, after reasonable inquiry, to be Qualified Investors.

Appears in 3 contracts

Samples: Distribution Agreement (ACAP Strategic Fund), Selling and Shareholder Servicing Agreement (ACAP Strategic Fund), Distribution Agreement (ACAP Strategic Fund)

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Qualified Investors. (a) You will only: (i) solicit offers to purchase Shares from persons who certify that they have a net worth of more than $1.5 2.0 million (or in the case of an individual, a joint net worth with their spouse of more than $1.5 2.0 million, in all cases exclusive of the value of their primary residence) ("Qualified Investors"); and (ii) submit maintain completed Investor Certifications to us or another agent of the Funds on behalf of prospective for investors who you have determined, after reasonable inquiry, to be Qualified Investors.

Appears in 1 contract

Samples: Distribution Agreement (ACAP Strategic Fund)

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Qualified Investors. (a) You will only: (i) solicit offers to purchase Shares from persons who certify that they have a net worth of more than $1.5 2.0 million (or in the case of an individual, a joint net worth with their spouse of more than $1.5 2.0 million, in all cases exclusive of the value of their primary residence) ("β€œQualified Investors"”); and (ii) submit maintain completed Investor Certifications to us or another agent of the Funds on behalf of prospective for investors who you have determined, after reasonable inquiry, to be Qualified Investors.

Appears in 1 contract

Samples: Distribution Agreement (ACAP Strategic Fund)

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