Common use of Brokers/Advisors Clause in Contracts

Brokers/Advisors. All negotiations with respect to this Agreement and the transactions contemplated hereby have been carried out by Seller directly with Buyer, without the intervention of any person on behalf of Seller in such manner as to give rise to any valid claim by any person against Buyer or Seller for a finder’s fee, advisory fee, brokerage commission or similar payment, which Seller hereby acknowledges and agrees that it shall, to the extent any such claim is asserted against Buyer or Seller, be the sole responsibility of Seller, who shall promptly pay or otherwise satisfy any such claim.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Powell Industries Inc), Asset Purchase Agreement (Powell Industries Inc)

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Brokers/Advisors. All negotiations with respect to this Agreement and the transactions contemplated hereby have been carried out by Seller directly with Buyer, without the intervention of any person on behalf of Seller or any Subsidiary in such manner as to give rise to any valid claim by any person against Parent or Buyer or Seller any of their Affiliates for a finder’s fee, advisory fee, brokerage commission or similar payment, with the exception of Research Capital Corp. which Seller hereby acknowledges and agrees that it shall, to the extent any such claim is asserted against Buyer or Seller, be the sole responsibility of Seller, who shall promptly pay or otherwise satisfy any such claimSeller and/or the Subsidiaries.

Appears in 2 contracts

Samples: Purchase Agreement (Powell Industries Inc), Purchase Agreement (Powell Industries Inc)

Brokers/Advisors. All negotiations with respect to this Agreement and the transactions contemplated hereby have been carried out by each Seller directly with Buyer, without the intervention of any person on behalf of any Seller or Subsidiary in such manner as to give rise to any valid claim by any person against Parent or Buyer or Seller any of their Affiliates for a finder’s fee, advisory fee, brokerage commission or similar payment, with the exception of Research Capital Corp. which Seller hereby acknowledges and agrees that it shall, to the extent any such claim is asserted against Buyer or Seller, be the sole responsibility of Seller, who shall promptly pay or otherwise satisfy any such claimSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Powell Industries Inc)

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Brokers/Advisors. All negotiations with respect to this Agreement and the transactions contemplated hereby have been carried out by Seller directly with Buyer, without the intervention of any person on behalf of Seller in such manner as to give rise to any valid claim by any person against Buyer or Seller for a finder’s fee, advisory fee, brokerage commission or similar payment, which Seller hereby acknowledges and agrees that it shall, to the extent any such claim is asserted against Buyer or Seller, be the sole responsibility of Seller, who shall promptly pay or otherwise satisfy any such claim.

Appears in 1 contract

Samples: Asset Purchase Agreement (Superior Offshore International Inc.)

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