Seller Qualification. Newegg has sole discretion in evaluating each individual Seller's suitability to participate in the Website and related listing services. At the xxxx Xxxxxx applies to participate, and periodically throughout the term of this Agreement, Newegg will review certain Seller characteristics, including but not limited to, product offerings, product liability and compliance history, business and financial standing, and whether Seller could be construed as a current or potential competitor to Newegg or of a Newegg affiliated company, and Newegg reserves the right, in its sole and complete discretion, to reject any Seller applicant, or to terminate any participating Seller, which Newegg deems not to be suitable to participate in the Website and related listing services.
Seller Qualification. Each Seller (i) has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of the transactions contemplated by this Agreement; (ii) has the ability to bear the economic risk of the investment, including a complete loss of the investment; (iii) or one or more of its Trustees is an “accredited investor” within the definition set forth in Rule 501(a) promulgated under the Securities Act; (iv) has had the opportunity to ask questions of, and receive answers from IHC and its management concerning the terms and conditions of the transactions contemplated hereby and to obtain additional information as such Seller has considered necessary to make a determination as to whether to enter into the transaction contemplated hereby; and (v) has been furnished, at a reasonable time prior to the sale of IHC Shares, with IHC’s Annual Report on Form 10-K for the fiscal year ended December 31, 2004, IHC’s definitive proxy statement filed in connection with IHC’s 2005 annual meeting of stockholders, any subsequent periodic report filed by IHC with the Securities and Exchange Commission, and any other information required to be furnished by IHC to such Seller in accordance with Rule 502 of Regulation D promulgated under the Securites Act..
Seller Qualification. Seller shall, prior to Closing, obtain such governmental qualifications as are necessary to own and receive an assignment of the Interests.
