Common use of Bulk Transfers Laws Clause in Contracts

Bulk Transfers Laws. Buyer hereby waives compliance by Seller with the provisions of any and all laws relating to bulk transfers in connection with the sale of the Purchased Assets. Seller covenants and agrees to indemnify and save harmless Buyer from and against any and all losses, liability, cost and expense (including reasonable attorneys fees) arising out of noncompliance with such bulk transfers laws.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Stonepath Group Inc), Asset Purchase Agreement (Stonepath Group Inc), Asset Purchase Agreement (Stonepath Group Inc)

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Bulk Transfers Laws. Buyer hereby waives compliance by Seller Sellers with the provisions of any and all laws relating to bulk transfers in connection with the sale of the Purchased Assets. Seller covenants Sellers covenant and agrees agree to indemnify and save harmless Buyer from and against any and all losses, liability, cost and expense (including reasonable attorneys attorney’s fees) arising out of noncompliance with such bulk transfers laws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Matthews International Corp)

Bulk Transfers Laws. Buyer Purchaser hereby waives compliance by Seller with the provisions of any and all laws relating to bulk transfers in connection with the sale of the Purchased Assets. Seller covenants hereby indemnifies and agrees to indemnify defend and save hold Purchaser harmless Buyer from and against any liability or obligation to creditors of Seller or to others that may result from failure to comply with any applicable ‘bulk transfer’ laws in connection with the purchase and all losses, liability, cost and expense (including reasonable attorneys fees) arising out sale of noncompliance with such bulk transfers lawsthe Purchased Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Portec Rail Products Inc)

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Bulk Transfers Laws. Buyer hereby waives compliance by Seller with the provisions of any and all applicable bulk transfers laws of any U.S. jurisdiction (including any similar laws relating to bulk transfers in connection with the sale of the Purchased Assetsany Taxes). Seller covenants shall promptly pay and discharge when due, or contest or litigate all claims of creditors that are asserted against Buyer by reason of Seller's non-compliance with such laws and agrees to indemnify and save hold Buyer harmless Buyer from and against any and all losses, liability, cost and expense (including reasonable attorneys fees) arising out of noncompliance with such bulk transfers laws.shall on demand reimburse Buyer for

Appears in 1 contract

Samples: Asset Purchase Agreement (Elot Inc)

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