Knowledgeable Employees definition
Examples of Knowledgeable Employees in a sentence
Aggregate Principal Amount of Subscribed Securities:1 U.S.$5,200,000 Aggregate Purchase Price of Subscribed Securities:2 U.S.$4,680,000 JMP Credit Advisors LLC (Name of Investor) By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (Signature) ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Managing Director (Print Name and Title) Date: September 26, 2014 1 The subscription hereunder must be in minimum denominations of U.S.$250,000 (or $25,000 for Knowledgeable Employees with respect to the Issuer) and integral multiples of $1.00 in excess thereof.
Each Purchaser represents that it is a Qualified Purchaser, a company each of whose Beneficial Owners is a Qualified Purchaser or a company owned exclusively by Knowledgeable Employees with respect to the Issuer and the Guarantors.
The Subordinated Notes will be issued in minimum denominations of $250,000 (provided, that the minimum denomination will be U.S.$25,000 for (a) Accredited Investors that are also Knowledgeable Employees with respect to the Issuer and (b) transferees purchasing a Subordinated Note that was originally issued in a denomination of less than U.S.$250,000 to an Accredited Investor that is also a Knowledgeable Employee with respect to the Issuer) and integral multiples of $1.00 in excess thereof.
Any transfer of a Subordinated Note to an Accredited Investor who is also a Knowledgeable Employee, or to an entity owned exclusively by Accredited Investors that are Knowledgeable Employees, may be made only with the prior written authorization of the Collateral Manager (acting on behalf of the Issuer).
Under the rules, the Issuer must have a “reasonable belief” that all holders of its outstanding securities , including transferees, are Qualified Purchasers or Knowledgeable Employees.
Each Purchaser agrees that no sale, pledge or other transfer of a Note (or any interest therein) may be made unless such transfer is made to a transferee who is a Qualified Purchaser, a company each of whose Beneficial Owners is a Qualified Purchaser or a company owned exclusively by Knowledgeable Employees with respect to the Issuer.
As used in this Agreement, the following terms shall have the following meanings: Accredited Investor Units: Units initially resold by JMP or sold by the Company in accordance with the Purchase/Placement Agreement to “accredited investors” (within the meaning of Rule 501(a) under the Securities Act) who also qualify as either Qualified Purchasers or Knowledgeable Employees.
Such Purchaser is a Qualified Purchaser, a company each of whose Beneficial Owners is a Qualified Purchaser or a company owned exclusively by Knowledgeable Employees with respect to the Issuer.
All Subordinated Notes sold to (x) Institutional Accredited Investors that are Qualified Purchasers or entities owned exclusively by Qualified Purchasers but not Qualified Institutional Buyers or (y) Accredited Investors that are Knowledgeable Employees or entities owned exclusively by Accredited Investors that are Knowledgeable Employees, in each case, shall be issued in the form of Certificated Subordinated Notes.
The Owner shall not be responsible or liable for damage, personal injury or loss of any kind whatsoever to any property or person howsoever caused arising from the delivery, pickup or use of the Bins at the Hirer’s site, unless such loss or damage was caused by the negligence of the Owner.