Purchaser's Qualification Clause Samples
The Purchaser's Qualification clause defines the specific criteria or conditions that a buyer must meet to be eligible to enter into or complete a transaction. Typically, this clause outlines requirements such as financial capability, legal authority, or relevant experience, and may require the purchaser to provide evidence or representations confirming their qualifications. Its core practical function is to ensure that only suitable and capable parties are able to proceed with the transaction, thereby reducing the risk of default or complications arising from unqualified purchasers.
Purchaser's Qualification. The Purchaser is in all material respects qualified legally, financially and otherwise to be the licensee of the Station, and has or shall have sufficient resources to pay in full all amounts due to the Seller under this Agreement when such amounts are due.
Purchaser's Qualification. Except as set forth in Section 4.7 of the Disclosure Schedule, (a) Purchaser does not know of any fact or circumstance that could reasonably be expected to result in a finding by the FCC that Purchaser is not qualified legally, financially or otherwise to be the licensee of the Stations as its operations are now being conducted and (b) except for the FCC's Duopoly Rule, a waiver of which will be requested by Purchaser (or Purchaser shall be restructured to comply with), Purchaser does not know of any policy, rule, regulation or ruling of the FCC that could reasonably be expected to be violated by the acquisition of the Stations by Purchaser.
Purchaser's Qualification. 19 4.8 Accuracy and Completeness of Representations and Warranties....
Purchaser's Qualification. At Closing, Purchaser shall be qualified and shall meet all requirements, including bonding requirements, to be a non-operating owner of the Assets.
Purchaser's Qualification. 5.6.1. PURCHASER is legally, financially and otherwise qualified to be the assignee of the FCC Licenses, and no waivers shall be required by the FCC for the consummation of the transactions contemplated hereby or the grant of the FCC Order. To PURCHASER's knowledge, there are no facts or proceedings which would reasonably be expected (a) to disqualify PURCHASER under the Communications Act or otherwise from holding the FCC Licenses, (b) to cause the FCC to flag the FCC Application and/or initiate a review of the potential effects on competition and/or diversity of the transaction, or (c) to cause the FCC not to approve the assignment of the FCC Licenses to PURCHASER.
5.6.2. To the knowledge of PURCHASER, PURCHASER or any Affiliate of PURCHASER shall not be required to sell, dispose of or surrender any FCC license held by PURCHASER or any such Affiliate with respect to any broadcast properties, or any other properties or businesses of PURCHASER or such Affiliate, as may be required under the Communications Act or the antitrust laws in order to consummate the sale and purchase of the Purchased Assets contemplated by this Agreement.
Purchaser's Qualification. At Closing, Purchaser shall be qualified and shall meet all requirements, including bonding requirements, to be designated operator of that portion of the Assets for which Operator serves as operator.
Purchaser's Qualification. 13 5.7. Financial Ability ............................................. 14 ARTICLE 6.
Purchaser's Qualification. Except as set forth in Section 4.7 of the Disclosure Schedule, (i) Purchaser does not know of any fact or circumstance that could reasonably be expected to result in a finding by the FCC that Purchaser is not qualified legally, financially or otherwise to be the licensee of the Stations as its operations are now being conducted and (ii) except as set forth in Section 4.7 of the Disclosure Schedule, Purchaser does not know of any policy, rule, regulation or ruling of the FCC that could reasonably be expected to be violated by the acquisition of the Stations by Purchaser.
Purchaser's Qualification. By reason of Purchaser’s business or financial experience, Purchaser is capable of evaluating the merits and risks of this prospective investment, has the capacity to protect Purchaser’s own interests in this transaction and is financial capable of bearing a total loss of the Transferred Shares. Furthermore, Purchaser is able to fend for itself in the transactions contemplated by this Agreement and has the ability to bear the economic risk of this investment indefinitely.
Purchaser's Qualification. Purchaser is qualified to hold the FCC Authorization for the RSA.