Common use of Suitability Standards Clause in Contracts

Suitability Standards. You cannot invest in Homeland Energy unless you meet one of the following suitability tests (a or b) set forth below. Please review the suitability tests and check the box next to the following suitability test that you meet. For husbands and wives purchasing jointly, the tests below will be applied on a joint basis. a. o I (We) have annual income from whatever source of at least $45,000 and a net worth of at least $45,000, exclusive of home, furnishings and automobiles; or b. o I (We) have a net worth of at least $100,000, exclusive of home, furnishings and automobiles; c. o I (We) have a net worth of $150,000, exclusive of home, home furnishings, and automobiles; d. o I (We) reside in Iowa and I (we) have a net worth of $60,000 (exclusive of home, auto and furnishings) and annual income of $60,000 or, in the alternative, a net worth of $150,000 (exclusive of home, auto and furnishings); or e. o I (We) reside in Kansas and I (we) have a net worth of $60,000 (exclusive of home, auto and furnishings) and annual income of $60,000 or, in the alternative, a net worth of $225,000 (exclusive of home, auto and furnishings).

Appears in 3 contracts

Sources: Subscription Agreement (Homeland Energy Solutions LLC), Subscription Agreement (Homeland Energy Solutions LLC), Subscription Agreement (Homeland Energy Solutions LLC)

Suitability Standards. You cannot invest in Homeland Energy Prairie Creek unless you meet one of the following suitability tests (a or b) set forth below. Please review the suitability tests and check the box next to the following suitability test that you meet. For husbands and wives purchasing jointly, the tests below will be applied on a joint basis. a. o I (We) have annual income from whatever source of at least $45,000 and a net worth of at least $45,000, exclusive of home, furnishings and automobiles; or b. o I (We) have a net worth of at least $100,000, exclusive of home, furnishings and automobiles; c. o I (We) have a net worth of $150,000, exclusive of home, home furnishings, and automobiles; d. o I (We) reside in Iowa and I (we) have a net worth of $60,000 (exclusive of home, auto and furnishings) and annual income of $60,000 or, in the alternative, a net worth of $150,000 (exclusive of home, auto and furnishings); or e. o I (We) reside in Kansas and I (we) have a net worth of $60,000 (exclusive of home, auto and furnishings) and annual income of $60,000 or, in the alternative, a net worth of $225,000 (exclusive of home, auto and furnishings).

Appears in 2 contracts

Sources: Subscription Agreement (Prairie Creek Ethanol LLC), Subscription Agreement (Prairie Creek Ethanol LLC)

Suitability Standards. You cannot invest in Homeland Energy Prairie Creek unless you meet one of the following suitability tests (a or b) set forth below. Please review the suitability tests and check the box next to the following suitability test that you meet. For husbands and wives purchasing jointly, the tests below will be applied on a joint basis. a. o I (We) have annual income from whatever source of at least $45,000 and a net worth of at least $45,000, exclusive of home, furnishings and automobiles; or b. o I (We) have a net worth of at least $100,000, exclusive of home, furnishings and automobiles; c. o I (We) have a net worth of $150,000, exclusive of home, home furnishings, and automobiles; d. o I (We) reside in Iowa and I (we) have a net worth of $60,000 65,000 (exclusive of home, auto and furnishings) and annual income of $60,000 65,000 or, in the alternative, a net worth of $150,000 175,000 (exclusive of home, auto and furnishings); or e. o I (We) reside in Kansas and I (we) have a net worth of $60,000 (exclusive of home, auto and furnishings) and annual income of $60,000 or, in the alternative, a net worth of $225,000 (exclusive of home, auto and furnishings).

Appears in 1 contract

Sources: Subscription Agreement (Prairie Creek Ethanol LLC)