Common use of Warrant Representations Clause in Contracts

Warrant Representations. The Warrant and the Shares for which it ----------------------- is being exercisable are being acquired for investment for PBGC's own account, not as a nominee or agent, and not with a view to the sale or distribution of all or any part thereof in violation of applicable securities laws. PBGC has the requisite knowledge and experience to assess the relative merits and risks of an acquisition of the Warrant and such shares. PBGC is an "accredited investor" as that term is defined by Rule 501(a) promulgated under the Securities Exchange Act of 1933, as amended. The PBGC understands that each certificates for the Warrant and such shares may be legended as a result of the application of Securities and Exchange Commission Rule 144.

Warrant Representations. The Warrant and the _______________________ Shares for which it ----------------------- is being exercisable are being acquired for investment for PBGC's own account, not as a nominee or agent, and not with a view to the sale or distribution of all or any part thereof in violation of applicable securities laws. PBGC has the requisite knowledge and experience to assess the relative merits and risks of an acquisition of the Warrant and such shares. PBGC is an "accredited investor" as that term is defined by Rule 501(a) promulgated under the Securities Exchange Act of 1933, as amended. The PBGC understands that each certificates for the Warrant and such shares may be legended as a result of the application of Securities and Exchange Commission Rule 144.