Qualification of Purchaser. Purchaser is fully qualified to assume control and operation of the Stations and, to the best of Purchaser's knowledge and belief, there exists no reason for the FCC to refuse to consent to the assignment of the broadcast Licenses to Purchaser.
Qualification of Purchaser. The Company shall be reasonably satisfied that the Purchaser is an investor fully qualified to make an investment in the Convertible Note so as to permit the sale to occur without registration under the Securities Act.
Qualification of Purchaser. The state in which the Purchaser's principal office is located is set forth on Schedule A. The Purchaser qualifies as an accredited investor within the meaning of Rule 501 under the Securities Act. The Purchaser has such knowledge and experience in financial and business matters that the Purchaser is capable of evaluating the merits and risks of the investment to be made hereunder by the Purchaser. The Purchaser has received and reviewed this Agreement and all other documents and materials the Company has provided to it in connection with the purchase of the Available Shares. The Purchaser has had access to and an opportunity to review all documents and other materials requested of the Company and has been given an opportunity to ask such questions of the Company concerning the terms and conditions of the sale of the Available Shares and the business, operations, financial condition, prospects, assets and liabilities of the Company and other relevant matters as it has deemed necessary or desirable and has been given all such information as it has requested, to evaluate the merits and risks of the investment contemplated herein. The Purchaser understands that the Available Shares being purchased hereunder have not been registered under the Securities Act or registered or qualified under any state securities laws on the grounds that such Available Shares are being issued in a transaction exempt from the registration requirements of the Securities Act and the registration or qualification requirements of applicable state securities laws, and that such Available Shares must be held indefinitely unless such Available Shares are subsequently registered under the Securities Act and qualified or registered under applicable state securities laws or an exemption from registration and qualification is available, and that the Company is under no obligation to register or qualify the Available Shares except as contemplated by the Registration Rights Agreement. The Purchaser has not seen or received and is not acquiring the Available Shares purchased hereunder pursuant to any advertisement with respect to the sale of the Available Shares.
Section 10.1 (b) of the Agreement shall be deleted in its entirety and replaced with the following:
(b) by either the Company or Purchaser if (i) any governmental entity of competent jurisdiction shall have issued a final nonappealable order enjoining or otherwise prohibiting the consummation of the transactions contemplated by this Ag...
Qualification of Purchaser. 22 3.07 Financing ........................................................... 22 3.08 Statements True and Correct ......................................... 22 ARTICLE IV
Qualification of Purchaser. Purchaser acknowledges there are requirements of the MLCC associated with transfer of the MLCC License from Seller to Purchaser. With respect to this transfer, Purchaser represents that Purchaser, and Purchaser’s [shareholders / members], officers, and [directors / managers], if applicable, are fully qualified to have the MLCC License transferred to Purchaser. Purchaser knows of no reason why Purchaser would not be approved by the MLCC to receive the MLCC License.
Qualification of Purchaser. Purchaser has full power and authority to own or lease all of its properties and to conduct its business in the manner and in the places where such properties are owned and leased or such business is now conducted or contemplated to be conducted by it.
Qualification of Purchaser. Purchaser knows of no facts or circumstances that would cause Purchaser not to meet any qualification to be the transferee of the Franchise or that Purchaser believes will delay a routine grant of the FCC Assignment Applications (as defined in Article 5.1).
Qualification of Purchaser. (a) Purchaser is acquiring the Subsidiary Equity Interests for investment purposes only, for its own account, not as nominee or agent for any other person, firm or corporation, and not with a view to, or for resale in connection with, a distribution or public offering thereof within the meaning of such Securities Acts.
(b) Purchaser has knowledge and experience in financial and business matters, is capable of evaluating the merits and risks of its investment in the Subsidiary Equity Interests, and is able to bear the economic risks inherent in its investment in the Subsidiary Equity Interests.
Qualification of Purchaser. Purchaser is and at the Closing Date will be legally qualified to acquire the Company and the Company Subsidiaries that (i) hold telecommunications licenses, (ii) hold the Company Licenses (and the consummation of the Transactions will not cause Purchaser to be ineligible to hold the Company Licenses) and (iii) have authorization or approval from any Governmental Authority necessary for Purchaser to acquire the Company Licenses.
Qualification of Purchaser. Purchaser has all requisite power and authority to operate its business as now conducted and is duly qualified to do business and, to the extent legally applicable, is in good standing in each jurisdiction where the character of its owned, operated or leased properties or the nature of its activities makes such qualification necessary, except for such failures as would not materially impair or delay the ability of Purchaser to consummate the transactions contemplated by, or perform its material obligations under, the Transaction Agreements to which Purchaser is or will be a party.
