Common use of Bulk Sales Laws Clause in Contracts

Bulk Sales Laws. Purchaser hereby waives compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Key Energy Services Inc), Asset Purchase Agreement (Bell Industries Inc /New/), Asset Purchase Agreement (Bell Industries Inc /New/)

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Bulk Sales Laws. Purchaser and Seller hereby waives waive compliance by Seller with the requirements and provisions of any “bulk-transfer” bulk sales, bulk transfer or similar Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; , it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” bulk sales, bulk transfer or similar Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 2 contracts

Samples: Asset Purchase Agreement (KVH Industries Inc \De\), Asset Purchase Agreement (Silicon Laboratories Inc.)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller and its Subsidiaries with the requirements and provisions of any "bulk-transfer" Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Odd Job Stores Inc), Asset Purchase Agreement (Odd Job Stores Inc)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller Sellers and the Subsidiaries with the requirements and provisions of any “bulk-"bulk transfer" Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Metrocall Holdings Inc), Asset Purchase Agreement (Leucadia National Corp)

Bulk Sales Laws. Purchaser Buyer acknowledges that Seller will not comply with the provisions of any bulk sales or transfer laws of any jurisdiction in connection with the transactions contemplated by this Agreement; and Buyer hereby irrevocably waives compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws the bulk sales or transfer laws of any jurisdiction that may otherwise be all applicable with respect jurisdictions. Notwithstanding anything to the sale of contrary in this Agreement, Seller shall indemnify and hold Buyer harmless from and against any and all losses, Liabilities, claims or all of the Purchased Assets expenses which shall arise against or be incurred by Buyer due to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilitiessuch requirements.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Potomac Electric Power Co), Transmission Purchase and Sale Agreement (Potomac Electric Power Co)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller Sellers with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale and transfer of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Foot Locker Inc), Asset Purchase Agreement (Enesco Group Inc)

Bulk Sales Laws. Purchaser The Buyer hereby waives compliance by the Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any Buyer. Any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities Law that addresses Taxes shall be treated as Excluded Liabilitiesgoverned by Article 7 and not by this Section 4.1.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Aquabounty Technologies Inc), Asset Purchase Agreement (AquaBounty Technologies, Inc.)

Bulk Sales Laws. Purchaser hereby waives compliance by any Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale and transfer of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Orleans Homebuilders Inc)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller Parent and Seller with the requirements and provisions of any "bulk-transfer" Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (International Wire Group Inc)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Northland Cable Properties Seven Limited Partnership)

Bulk Sales Laws. Purchaser Buyer hereby waives compliance by Seller with the requirements and provisions of any “bulk-transfer” bulk sales, bulk transfer or similar Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Acquired Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded LiabilitiesBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gorman Rupp Co)

Bulk Sales Laws. The Purchaser hereby waives compliance by the Seller with the requirements and provisions of any “bulk-transfer” Laws Legal Requirements of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to the Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Contura Energy, Inc.)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Quovadx Inc)

Bulk Sales Laws. Purchaser Buyer hereby waives compliance by Seller Sellers and their Affiliates with the requirements and provisions of any "bulk-transfer” Laws " laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of or the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded LiabilitiesBuyer.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Media General Inc)

Bulk Sales Laws. Purchaser Except as may otherwise be required by the Bankruptcy Court, Purchasers hereby waives waive compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded LiabilitiesPurchasers.

Appears in 1 contract

Samples: Asset Purchase Agreement

Bulk Sales Laws. Purchaser Buyer hereby waives compliance by Seller Sellers with the requirements and provisions of any “bulk-transfer” Laws laws or other similar Requirements of Law of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded LiabilitiesBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Familymeds Group, Inc.)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller the Sellers with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale and transfer of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Macquarie Infrastructure CO LLC)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller Sellers with the requirements and provisions of any "bulk-transfer" Laws of any jurisdiction that may otherwise be applicable with respect to the sale and transfer of any or all of the Purchased Acquired Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Brookdale Senior Living Inc.)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller and its Subsidiaries with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out . However, such waiver shall not relieve Seller of its obligation to indemnify Purchaser in respect of all Excluded Liabilities, subject to the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded LiabilitiesSection 10.2(a).

Appears in 1 contract

Samples: Asset Purchase Agreement (Global Crossing LTD)

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Bulk Sales Laws. Purchaser Buyer hereby waives compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded LiabilitiesBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Renewable Energy Group, Inc.)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller Sellers with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale and transfer of any or all of the Purchased Assets Transferred Equity Interests, the Notes, the Note Purchase Agreements and the Equalization Agreement to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement

Bulk Sales Laws. Purchaser hereby waives compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded LiabilitiesLiabilities and shall be promptly paid by and be the sole obligation and responsibility of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bell Industries Inc /New/)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller Sellers with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all and transfer of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Impac Medical Systems Inc)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller Sellers with the requirements and provisions of any "bulk-transfer" Laws of any jurisdiction that may otherwise be applicable with respect to the sale and transfer of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Footstar Inc)

Bulk Sales Laws. Purchaser Buyer hereby waives compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Transferred Assets to Purchaser; it being understood that Buyer. Seller shall indemnify Buyer and its officers, directors, employees, agents and Affiliates in respect of, and hold each of them harmless from and against, any Liabilities and all Losses suffered, occurred or sustained by any of them or to which any of them becomes subject, resulting from, arising out of or relating to the failure of Seller to comply with the requirements and provisions terms of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilitiessuch provisions applicable to the Transaction.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Jefferies Group Inc /De/)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller Sellers with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller Sellers to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute an Assumed Liabilities Liability shall be treated as an Excluded LiabilitiesLiability.

Appears in 1 contract

Samples: Asset Purchase Agreement (Headwaters Inc)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller AIG, Sellers and each of their respective Affiliates with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wintrust Financial Corp)

Bulk Sales Laws. Purchaser hereby waives any rights against Seller for non-compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Oneok Inc /New/)

Bulk Sales Laws. Purchaser Buyer hereby waives compliance by Seller with the requirements and provisions of any uniform commercial code “bulk-transfer” Laws laws of any jurisdiction that may otherwise be applicable with respect to the sale and transfer of any or all of the Purchased Assets to Purchaser; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded LiabilitiesBuyer.

Appears in 1 contract

Samples: Purchase Agreement (Intelsat S.A.)

Bulk Sales Laws. Purchaser hereby waives compliance by Seller with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the sale and transfer of any or all of the Purchased Assets to Purchaser; it being understood . The Parties agree that the Sale Order will, pursuant to language that is reasonably acceptable to each, provide that the sale and transfer of any Liabilities arising out or all of the failure Purchased Assets to Purchaser will be free and clear of Seller any obligations relating to comply with the requirements and provisions of any “bulk-transfer” Laws of any jurisdiction which would not that may otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilitiesapplicable.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cenveo, Inc)

Bulk Sales Laws. Purchaser Buyer and Sellers hereby waives waive compliance by Seller with the requirements and provisions of any “bulk-transfer” bulk sales, bulk transfer or similar Laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to PurchaserBuyer; it being understood that any Liabilities arising out of the failure of Seller to comply with the requirements and provisions of any “bulk-transfer” bulk sales, bulk transfer or similar Laws of any jurisdiction which would not otherwise constitute Assumed Liabilities shall be treated as Excluded Liabilities.

Appears in 1 contract

Samples: Asset Purchase Agreement

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