Common use of Assignment of Assumed Contracts Clause in Contracts

Assignment of Assumed Contracts. Sellers shall use their reasonable best efforts to obtain and deliver to Buyer promptly upon receipt, but not later than 30 days after the Closing Date, all third Person consents that are necessary for the assignment and transfer of the Assumed Contracts and any other Asset to Buyer without any material change in their respective terms, unless such changes are reasonably acceptable to Buyer. If Sellers are unable to obtain any such third Person consent, Sellers shall use their reasonable best efforts to cause such third Person to enter into a new agreement with Buyer upon terms and conditions substantially similar to the applicable agreement between the third Person and Sellers.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (BG Staffing, Inc.)

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Assignment of Assumed Contracts. Sellers Seller shall use their its commercially reasonable best efforts to obtain and deliver to Buyer promptly upon receipt, but not later than 30 days after the Closing Date, all third Person consents that are necessary for the assignment and transfer of the Assumed Contracts and any other Asset to Buyer without any material change in their respective terms, unless such changes are reasonably acceptable to Buyer. If Sellers are Seller is unable to obtain any such third Person consent, Sellers Seller shall use their its commercially reasonable best efforts to cause such third Person to enter into a new agreement with Buyer upon terms and conditions substantially similar to the applicable agreement between the third Person and SellersSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bgsf, Inc.)

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Assignment of Assumed Contracts. The Sellers shall use their reasonable best efforts to obtain and deliver to Buyer promptly upon receipt, but not later than 30 days after the Closing Date, all third Person consents that are necessary for the assignment and transfer of the Assumed Contracts, including the Customer Contracts and the Temporary Personnel Contracts, and any other Asset to Buyer without any material change in their respective terms, unless such changes are reasonably acceptable to Buyer. If the Sellers are unable to obtain any such third Person consent, the Sellers shall use their reasonable best efforts to cause such third Person to enter into a new agreement with Buyer upon terms and conditions substantially similar to the applicable agreement between the third Person and the Sellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (LTN Staffing, LLC)

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