Purchaser Qualifications. (i) If the Purchaser is an individual, the Purchaser is over 21 years of age; and if the Purchaser is an unincorporated association, all of its members are of such age.
(ii) If the Purchaser is a corporation, partnership, employee benefit plan or XXX, the Purchaser was either:
(a) not formed for the purpose of investing in the Shares, has or will have other substantial business or investments, and is (please check one): _____ an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, provided that the investment decision is made by a plan fiduciary, as defined in section 3(21) of such Act, and the plan fiduciary is a bank, savings and loan association, insurance company or registered investment adviser; or _____ an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974 that has total assets in excess of $5,000,000; or _____ each of its shareholders, partners, or beneficiaries is an Accredited Purchaser; or _____ the plan is a self directed employee benefit plan and the investment decision is made solely by a person that is an Accredited Purchaser; or _____ a corporation, a partnership, or a Massachusetts or similar business trust with total assets in excess of $5,000,000.
(b) formed for the specific purpose of investing in the Shares, and is an Accredited Purchaser because each of its shareholders or beneficiaries is an Accredited Purchaser.
(iii) If the Purchaser is a Trust, the Purchaser was either:
(a) not formed for the specific purpose of investing in the Shares, and is an Accredited Purchaser because (please check one): _____ the trust has total assets in excess of $5,000,000 and the investment decision has been made by a “sophisticated person”; or _____ the trustee making the investment decision on its behalf is a bank (as defined in Section 3(a)(2) of the Act), a saving and loan association or other institution as defined in Section 3(a)(5)(A) of the Securities Act, acting in its fiduciary capacity; or _____ the undersigned trustee certifies that the trust is an Accredited Purchaser because the grantor(s) of the trust may revoke the trust at any time and regain title to the trust assets and has (have) retained sole investment control over the assets of the trust and the (each) grantor(s) is an Accredited Purchaser; or _____ the undersigned trustee certifies that the trust is an Accredited Purchaser because all of the beneficial owners of the trus...
Purchaser Qualifications. A qualified purchaser must (1) satisfy the Nevada residency requirement: either be a resident of the State of Nevada, hold a degree or certificate from a Nevada- domiciled University or Community College or designate a Beneficiary who is a resident of the State of Nevada, (2) provide a valid Social Security Number or Taxpayer Identification Number, and
Purchaser Qualifications. Each Member is over 21 years of age.
Purchaser Qualifications. A qualified purchaser must (1) satisfy the Nevada residency requirements,
Purchaser Qualifications. Purchaser is qualified and able to acquire and hold or control each License under applicable Law, including but not limited to the Communications Act and rules and regulations of the Government Entity that issued such License.
Purchaser Qualifications. Except as otherwise disclosed on Schedule 6.7 to the MRI Agreement, Purchaser is legally and financially qualified to be the Licensee of, acquire, own and operate the Stations under the Communications Act and the rules, regulations and policies of the FCC. Purchaser knows of no fact that would, under existing law and the existing rules, regulations, policies and procedures of the FCC, (a) disqualify Purchaser as an assignee of the FCC Licenses or as the owner and operator of the Stations, or (b) cause the FCC to fail to approve in a timely fashion the application for the FCC Consent. Except as described on Schedule 6.7 to the MRI Agreement, no waiver of any FCC rule or policy is necessary to be obtained for the grant of the applications for the assignment of the FCC Licenses to Purchaser, nor will processing pursuant to any exception or rule or general applicability be requested or required in connection with the consummation of the transactions contemplated by this Agreement Purchaser will have on hand at the Closing, adequate financial resources to consummate the transactions contemplated by this Agreement, the Investors Agreement, the Management Agreement and the MTC Agreement.
Purchaser Qualifications. 32 ARTICLE V COVENANTS.................................................................................................32
Purchaser Qualifications. The Investor is a resident of the State of South Dakota (if an Individual Member) or is a business or organization headquartered in South Dakota (if an Institutional Member), and at the time of executing this Agreement, has purchased and is still the owner of an Individual or Institutional membership in the Cooperative.
Purchaser Qualifications. Purchaser has no Knowledge of any reason(s) that the Closing conditions set forth in Articles 10 and 11 cannot be satisfied. To Purchaser's Knowledge, Purchaser is qualified to obtain and there are no conditions in existence which could reasonably be expected to delay, impede or condition the receipt by Purchaser of Purchaser's Required Regulatory Approvals or Purchaser's Required Consents. The provisions of this Section 6.8 are qualified to the extent that the receipt of any Purchaser's Required Regulatory Approval is subject to the discretion of the applicable Governmental Authority.
Purchaser Qualifications. The Seller (a) has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks inherent in the shares to be issued hereunder; (b) is able to bear the complete loss of its value, if any; and (c) has had the opportunity to ask questions of, and receive answers from, the Purchaser and its management concerning the terms and conditions of the transaction contemplated herein, and to obtain additional information. The Seller is not relying upon any statements or instruments made or issued by any other person other than the Purchaser and its officers in making its decision to enter into this agreement. The Seller is an “accredited Purchaser” as such term is defined in Rule 501 of the Securities Act.
