Common use of Licensee Qualifications Clause in Contracts

Licensee Qualifications. To the Knowledge of Buyer there is no fact that would, under the rules and regulations of the Commission, disqualify Buyer from being the transferee of the Shares or the owner and operator of the Stations. Should Buyer become aware of any such fact, it will so inform Company, and Buyer will use commercially reasonable efforts to remove any such disqualification. Buyer will not take any action that Buyer knows, or has reason to believe, would result in such disqualification.

Appears in 1 contract

Sources: Stock Purchase Agreement (Radio One Inc)

Licensee Qualifications. To the Knowledge of Buyer there is no ----------------------- fact that would, under the rules and regulations of the Commission, disqualify Buyer from being the transferee of the Shares or the owner and operator of the StationsStation. Should Buyer become aware of any such fact, it will so inform Company, and Buyer will use commercially reasonable efforts to remove any such disqualification. Buyer will not take any action that Buyer knows, or has reason to believe, would result in such disqualification.

Appears in 1 contract

Sources: Stock Purchase Agreement (Radio One Inc)

Licensee Qualifications. To the Knowledge knowledge of Buyer there is no fact that would, under the rules and regulations of the Commission, disqualify Buyer from being the transferee of the Shares or the owner and operator of the StationsStation. Should Buyer become aware of any such fact, it will so promptly inform Company, and Buyer will use commercially reasonable efforts to remove any such disqualification. Buyer will not take any action that Buyer knows, or has reason to believe, would result in such disqualification.

Appears in 1 contract

Sources: Option and Stock Purchase Agreement (Radio One Inc)