Common use of Qualification; Bonding Clause in Contracts

Qualification; Bonding. Without limiting Section 12.4, to the extent required by any applicable Laws, Purchaser or its designated Affiliate is, or as of the Closing will be, qualified under applicable Laws to hold Leases, Rights of Way, and other rights included in the Assets which are issued by any applicable Governmental Authority. Purchaser has, or as of the Closing will have, posted such bonds and other financial assurances, and provided such evidence of financial responsibility, as may be required under applicable Law or Third Party agreements for the ownership and operation of the Assets. To Purchaser’s knowledge, no fact or condition exists with respect to the Assets which may cause any Governmental Authority to withhold its approval of the assignment of the Assets contemplated herein or the transactions contemplated hereby.