Common use of Sophistication Clause in Contracts

Sophistication. Holder has (i) a preexisting personal or business relationship with Company or one or more of its officers, directors, or control persons; or (ii) by reason of Holder's business or financial experience, or by reason of the business or financial experience or of Holder's financial advisor who is unaffiliated with and who is not compensated, directly or indirectly, by Company or any affiliate or selling agent of Company, Holder is capable of evaluating the risks and merits of this investment and of protecting Holder's own interests in connection with this investment.

Appears in 8 contracts

Samples: Gallagher Research Corp, Gallagher Research Corp, Vizario Inc

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Sophistication. The Holder has (i) a preexisting personal or business relationship with the Company or one or more of its officers, directors, or control persons; or (ii) by reason of the Holder's ’s business or financial experience, or by reason of the business or financial experience or of the Holder's ’s financial advisor who is unaffiliated with and who is not compensated, directly or indirectly, by the Company or any affiliate or selling agent of the Company, the Holder is capable of evaluating the risks and merits of this investment and of protecting the Holder's ’s own interests in connection with this investment.

Appears in 1 contract

Samples: Warrant Agreement (Procera Networks Inc)

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