Sirit Clause Samples

Sirit. (1) is (i) a bank, (ii) an insurance company, (iii) an investment company registered under the Investment Company Act of 1940, (iv) a business development company as defined in the Investment Company Act of 1940, (v) a small business investment company licensed by the Small Business Administration, (vi) a private business development company as defined in the Investment Advisors Act of 1940, or (vii) a broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934.; or (2) has assets in excess of $5,000,000 in value; or (3) all of the equity owners of Sirit are Accredited Investors under the Act and Regulation D; or (4) is a revocable trust which may be amended or revoked at any time by the grantors. Each of the grantors individually is an Accredited Investor under the Act and Regulation D; or (5) is an employee benefit plan trust under Title I of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and either (i) the investment decision with respect to this investment is being made by a bank, insurance company or registered investment adviser as the plan fiduciary, or (ii) the plan is self-directed and investment decisions are made by persons who are Accredited Investors under the Act and Regulation D.