Sophisticated purchaser means a purchaser that, in connection with a distribution, gives an acknowledgment under section 135 of the Rules to the Issuer, where the Issuer does not believe, and has no reasonable grounds to believe, that the acknowledgment is false, acknowledging both that:
Sophisticated purchaser means a Person who would take into account the nature, extent, maturity date and other terms of the liabilities of the Partnership, whether fixed or contingent, including the favorable or unfavorable nature of any financing then encumbering the property of the Partnership and whether such financing is assumable, and the prospects that the income from the property of the Partnership would be sufficient to satisfy such liabilities when due (excluding any liability under financing already taken into account), or through appropriate refinancing thereof.
Sophisticated purchaser as described in paragraph 2 in the attached Appendix A [circle the applicable subparagraph in paragraph 2 in Appendix A]; OR
More Definitions of Sophisticated purchaser
Sophisticated purchaser means the person defined in section 67(2) of the Act;
Sophisticated purchaser as defined in the Appendix to Form 20A(NIP) attached as Schedule "D" hereto; and
Sophisticated purchaser means a purchaser that, in connection with a distribution, gives an acknowledgment under section 135 of the Rules to the Issuer, where the Issuer does not believe, and has no reasonable grounds to believe, that the acknowledgment is false, acknowledging both that: 1. the purchaser is able, on the basis of information about the investment furnished by the Issuer, to evaluate the risks and merits of the prospective investment because of: (a) the purchaser's financial, business or investment experience, OR (b) advice the purchaser receives from a person who is registered to advise, or is exempted from the requirement to be registered to advise, in respect of the security that is the subject of the trade (the "Security") and who is not an insider of, or in a special relationship with, the Issuer of the Security; AND 2. the purchaser is one of the following [circle one]: (a) a person registered under the Securities Act, OR (b) an individual who: (i) has a net worth, or net worth jointly with the individual's spouse, at the date of the agreement of purchase and sale of the Security, of not less than $400,000, OR (ii) has had in each of the 2 most recent calendar years, and reasonably expects to have in the current calendar year: - annual net income before tax of not less than $75,000, OR - annual net income before tax, jointly with the individual's spouse, of not less than $125,000; OR (c) a corporation, partnership or trust that: (i) has net assets of not less than $400,000, OR (ii) has had in each of the 2 most recent calendar years, and reasonably expects to have in the current calendar year, net income before tax of not less than $125,000, OR (d) a corporation in which all of the voting shares are beneficially owned by sophisticated purchasers or of which the majority of the directors are sophisticated purchasers, OR (e) a general partnership in which all of the partners are sophisticated purchasers, OR (f) a limited partnership in which a majority of the general partners are sophisticated purchasers, OR (g) a trust in which all of the beneficiaries are sophisticated purchasers or the majority of the trustees are sophisticated purchasers.
Sophisticated purchaser means any person, acting alone or with a Purchaser Representative, that has, or that the issuer rea-
Sophisticated purchaser means a sophisticated purchaser as defined in section 59(2){d);
Sophisticated purchaser means a purchaser that, in connection with a distribution, gives acknowledgment under section 135 of the rules to the issuer, where the issuer does not believe, an has no reasonable ground to believe, that the acknowledgment isfalse, acknowledging both that: