Common use of Bulk Sale Law Clause in Contracts

Bulk Sale Law. Buyer hereby waives compliance by Seller with the provisions of the Bulk Sales Law of any state and Seller agrees to indemnify Buyer against and hold Buyer harmless from any and all claims, demands, liabilities and obligations arising out of the failure or alleged failure of the Seller to comply with any such law in respect of such sales transfers. Buyer and Seller shall jointly execute a letter to creditors of Sellers advising them of the sale.

Appears in 2 contracts

Samples: Asset Purchase Agreement (City Capital Corp), Asset Purchase Agreement (City Capital Corp)

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Bulk Sale Law. The Buyer hereby waives the Seller's compliance by Seller with the provisions of the any state's Bulk Sales Law of any state and provisions. The Seller agrees to indemnify the Buyer against and hold the Buyer harmless from any and all claims, demands, liabilities liabilities, and obligations arising out of the failure or alleged failure of the Seller to comply with any such law in respect of such sales transfers. Buyer Xxxxx and Seller Xxxxxx shall jointly execute a letter to creditors of Sellers advising them of the sale.

Appears in 1 contract

Samples: Asset Purchase Agreement (Better for You Wellness, Inc.)

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Bulk Sale Law. The Buyer hereby waives the Seller's compliance by Seller with the provisions of the any state's Bulk Sales Law of any state and provisions. The Seller agrees to indemnify the Buyer against and hold the Buyer harmless from any and all claims, demands, liabilities liabilities, and obligations arising out of the failure or alleged failure of the Seller to comply with any such law in respect of such sales transfers. Buyer Bxxxx and Seller Sxxxxx shall jointly execute a letter to creditors of Sellers advising them of the sale.

Appears in 1 contract

Samples: Amended and Restated Asset Purchase Agreement (Better for You Wellness, Inc.)

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