Qualified Owner. Buyer (i) is, or as of the Closing Date will be, qualified under law to own the Purchased Assets and (ii) has, or as of the Closing Date will have, complied with any necessary governmental bonding requirements required for its ownership of the Purchased Assets.
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Sources: Asset Purchase Agreement (NDB Energy, Inc.), Asset Purchase Agreement (NDB Energy, Inc.)
Qualified Owner. Each Buyer (i) is, or as of the Closing Date will be, qualified under law Law to own the Purchased Assets and (ii) has, or as of the Closing Date will have, complied with any necessary governmental bonding requirements required for its ownership of the Purchased Assets.
Appears in 1 contract
Sources: Asset Purchase Agreement (Quicksilver Resources Inc)
Qualified Owner. At or prior to Closing, Buyer (i) is, or as of the Closing Date will be, shall be qualified in all material respects under law Law to own the Purchased Assets and (ii) has, or as of the Closing Date will have, have complied with any all necessary governmental bonding requirements required for its ownership of the Purchased Assets.
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