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Common use of Bulk Sales Law Clause in Contracts

Bulk Sales Law. The parties do not believe that any bulk sales or fraudulent conveyance statute applies to the transactions contemplated by this Agreement. Buyer therefore waives compliance by Seller with the requirements of any such statutes, and Seller agrees to indemnify and hold Buyer harmless against any claim made against Buyer by any creditor of Seller as a result of a failure to comply with any such statute.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Legacy Communications Corp), Asset Purchase Agreement (Legacy Communications Corp), Asset Purchase Agreement (Legacy Communications Corp)

Bulk Sales Law. ============== The parties do not believe that any bulk sales or fraudulent conveyance statute applies to the transactions contemplated by this Agreement. Buyer therefore waives compliance by Seller with the requirements of any such statutes, and Seller agrees to indemnify and hold Buyer harmless against any claim made against Buyer by any creditor of Seller as a result of a failure to comply with any such statute.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Radio One Inc), Asset Purchase Agreement (Radio One Inc)

Bulk Sales Law. The parties do not believe that any bulk sales or fraudulent conveyance statute applies to the transactions contemplated by this Agreement. Buyer therefore waives compliance by Seller Sellers with the requirements of any such statutes, and Seller agrees Sellers agree to indemnify and hold Buyer harmless against any claim made against Buyer by any creditor of either Seller as a result of a failure to comply with any such statute.

Appears in 1 contract

Samples: Asset Purchase Agreement (Regent Communications Inc)

Bulk Sales Law. The parties do not believe that any bulk sales or fraudulent conveyance statute applies to the transactions contemplated by this Agreement. Buyer therefore Buyer, therefore, waives compliance by Seller with the requirements of any such statutes, statutes and Seller agrees to indemnify indemnify, defend and hold Buyer harmless against any claim made against Buyer by any creditor of Seller as a result of a failure to comply with any such statute.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hispanic Broadcasting Corp)