Financially Qualified definition
Financially Qualified means, with respect to the Buyer or a party submitting a bid for the Purchased Assets, an entity that either (a) demonstrates that is has the necessary Committed Capital to pay the full purchase price or (b) establishes its financial qualifications to the satisfaction of HLHZ in HLHZ's sole reasonable discretion.
Examples of Financially Qualified in a sentence
This Agreement shall not be assigned by any party hereto without the prior written consent of the other parties hereto; provided that Buyer may assign this Agreement to a newly formed entity that is controlled by or under common control with Buyer so long as such entity is itself Financially Qualified.