Common use of Transactions Structured to Circumvent this Certification Clause in Contracts

Transactions Structured to Circumvent this Certification. Neither the identity nor form of the Prospective Purchaser, nor any aspect of the contemplated transaction, has been created or altered with the intent, in whole or in part, to allow an individual or entity who otherwise would be ineligible to purchase assets from the FDIC to benefit directly or indirectly from the proposed transaction.

Appears in 2 contracts

Sources: Auction Real Estate Purchase and Sale Contract, Auction Real Estate Purchase and Sale Contract