Common use of ECONOMIC RISK; SOPHISTICATION Clause in Contracts

ECONOMIC RISK; SOPHISTICATION. Each of the STOCKHOLDERS is able to bear the economic risk of an investment in the VPI Stock acquired pursuant to this Agreement and can afford to sustain a total loss of such investment and has such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the proposed investment in the VPI Stock. The STOCKHOLDERS have had an adequate opportunity to ask questions and receive answers from the officers of VPI concerning any and all matters relating to the transactions described herein including, without limitation, the background and experience of the current and proposed officers and directors of VPI, the plans for the operations of the business of VPI, the business, operations and financial condition of the Founding Companies other than the COMPANY, and any plans for additional acquisitions and the like. The STOCKHOLDERS have asked any and all questions in the nature described in the preceding sentence and all questions have been answered to their satisfaction.

Appears in 8 contracts

Samples: Agreement and Plan of Organization (Vacation Properties International Inc), Agreement and Plan of Organization (Vacation Properties International Inc), Agreement and Plan of Organization (Vacation Properties International Inc)

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ECONOMIC RISK; SOPHISTICATION. Each of the STOCKHOLDERS is The Stockholders are able to bear the economic risk of an investment in the VPI LandCARE Stock to be acquired pursuant to this Agreement and can afford to sustain a total loss of such investment and has have such knowledge and experience in financial and business matters that he or she is they are capable of evaluating the merits and risks of the proposed investment in the VPI LandCARE Stock. The STOCKHOLDERS Stockholders party hereto have had an adequate opportunity to ask questions and receive answers from the officers of VPI LandCARE concerning any and all matters relating to the transactions described herein including, without limitation, the background and experience of the current and proposed officers and directors of VPILandCARE, the plans for the operations of the business of VPILandCARE, the business, operations and financial condition of the Founding Companies other than the COMPANYCompany, and any plans for additional acquisitions and the like. The STOCKHOLDERS Stockholders have asked any and all questions in the nature described in the preceding sentence and all questions have been answered to their satisfaction.

Appears in 7 contracts

Samples: Agreement and Plan of Organization (Landcare Usa Inc), Agreement and Plan of Organization (Landcare Usa Inc), Agreement and Plan of Organization (Landcare Usa Inc)

ECONOMIC RISK; SOPHISTICATION. Each of the STOCKHOLDERS is The Stockholders are able to bear the economic risk of an investment in the VPI Pentacon Stock to be acquired pursuant to this Agreement and can afford to sustain a total loss of such investment and has have such knowledge and experience in financial and business matters that he or she is they are capable of evaluating the merits and risks of the proposed investment in the VPI Pentacon Stock. The STOCKHOLDERS Stockholders party hereto have had an adequate opportunity to ask questions and receive answers from the officers of VPI Pentacon concerning any and all matters relating to the transactions described herein including, without limitation, the background and experience of the current and proposed officers and directors of VPIPentacon, the plans for the operations of the business of VPIPentacon, the business, operations and financial condition of the Founding Companies other than the COMPANYCompany, and any plans for additional acquisitions and the like. The STOCKHOLDERS Stockholders have asked any and all questions in the nature described in the preceding sentence and all questions have been answered to their satisfaction.

Appears in 6 contracts

Samples: Agreement and Plan of Organization (Pentacon Inc), Agreement and Plan of Organization (Pentacon Inc), Agreement and Plan of Organization (Pentacon Inc)

ECONOMIC RISK; SOPHISTICATION. Each of the The STOCKHOLDERS is are able to bear the economic risk of an investment in the VPI MARINEMAX Stock to be acquired pursuant to this Agreement and can afford to sustain a total loss of such investment and has have such knowledge and experience in financial and business matters that he or she is they are capable of evaluating the merits and risks of the proposed investment in the VPI MARINEMAX Stock. The STOCKHOLDERS have had an adequate opportunity to ask questions and receive answers from the officers of VPI MARINEMAX concerning any and all matters relating to the transactions described herein including, without limitation, the background and experience of the current and proposed officers and directors of VPI, the plans for the operations of the business of VPIMARINEMAX, the business, operations and financial condition of the Other Founding Companies other than the COMPANYCompanies, and any plans for additional acquisitions and the like. The STOCKHOLDERS have asked any and all questions in the nature described in the preceding sentence and all questions have been answered to their satisfaction.

Appears in 5 contracts

Samples: 6 Agreement and Plan of Organization (Marinemax Inc), 6 Agreement and Plan of Organization (Marinemax Inc), Agreement and Plan of Organization (Marinemax Inc)

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ECONOMIC RISK; SOPHISTICATION. Each of the STOCKHOLDERS is able to bear the economic risk of an investment in the VPI Stock acquired pursuant to this Agreement and can afford to sustain a total loss of such investment and has such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the proposed investment in the VPI Stock. The STOCKHOLDERS have had an adequate opportunity to ask questions and receive answers from the officers of VPI concerning any and all matters relating to the transactions described herein including, without limitation, the background and experience of the current and proposed officers and directors of VPI, the plans for the operations of the business of VPI, the business, operations and financial condition of the Founding Companies other than the COMPANYCOMPANIES, and any plans for additional acquisitions and the like. The STOCKHOLDERS have asked any and all questions in the nature described in the preceding sentence and all questions have been answered to their satisfaction.

Appears in 5 contracts

Samples: Agreement and Plan of Organization (Vacation Properties International Inc), Agreement and Plan of Organization (Vacation Properties International Inc), Agreement and Plan of Organization (Vacation Properties International Inc)

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