a legal entity, the equity
For purpose of this item “knowledgeable employee” means an Executive Officer (as defined below), director, trustee, general partner, advisory board member, or person serving in a similar capacity, of the Partnership or an Affiliated Management Person (as defined below) of the Partnership, or an employee of the Partnership or an Affiliated Management Person of the Partnership (other than a person performing solely clerical, secretarial or administrative functions with regard to such entity or its investments) who, in connection with his or her regular functions or duties, participates in the investment activities of the Partnership, other funds relying on Section 3(c)(1) or 3(c)(7), or investment companies the investment activities of which are managed by such Affiliated Management Person of the Partnership, provided that such employee has been performing such functions and duties for or on behalf of the Partnership or the Affiliated Management Person of the Partnership, or substantially similar functions or duties for or on behalf of another company for at least 12 months. An “Executive Officer” means the president, any vice president in charge of a principal business unit, division or function (such as sales, administration or finance), any other officer who performs a policy-making function, or any other person who performs similar policy-making functions, for the Partnership (or another Section 3(c)(1) or 3(c)(7) company) or for an Affiliated Management Person of the Partnership. An “Affiliated Management Person” means (A) any person directly or indirectly owning, controlling, or holding with power to vote, 5 per centum or more of the outstanding voting securities of the Partnership; (B) any person 5 per centum or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by the Partnership; (C) any person directly or indirectly controlling, controlled by, or under common control with, the Partnership; (D) any officer, director, partner, copartner, or employee of the Partnership; (E) if the Partnership is an investment company, any investment adviser thereof or any member of an advisory board thereof; and (F) if such other person is an unincorporated investment company not having a board of directors, the depositor thereof, in each case that manages the investment activities of the Partnership.
of which exceeds NIS50,000,000 and which was not incorporated solely in order to purchase securities in a specific offering;
If the Purchaser chooses this option, the Purchaser provides herewith to the Partnership a written confirmation from its accountant or legal advisor (dated as of the last 3 months) to the satisfaction of the General Partner as to it being a legal entity the equity of which exceeds NIS50,000,000 and which was not incorporated solely in order to purchase securities in a specific offering.