Common use of Continuity of Supply Clause in Contracts

Continuity of Supply. Seller acknowledges that Buyer has certain concerns regarding the continuity of its supply source for Batteries and Components in the event that a change of control occurs with respect to Seller. In that regard, Seller agrees as follows: 8.1 This agreement is binding on Seller's successor and assigns. 8.2 In the event that Seller sells all or substantially all of its assets to any third party, Seller shall require any such purchaser to assume and agree to perform all of Seller's obligations under and for the term of this Agreement. 8.3 In addition, Seller agrees that, in connection with any sale of a controlling interest of Seller to any direct competitor of Buyer ("Acquiror"). Seller will notify any such potential Acquiror of its obligations under this Agreement.

Continuity of Supply. Seller acknowledges that Buyer has certain concerns regarding the continuity of its supply source for Batteries and Components Products in the event that a change of control occurs with respect to Seller. In that regard, Seller agrees as follows: 8.1 This agreement Agreement is binding on Seller's successor successors and assigns. 8.2 In the event that Seller sells all or substantially all of its assets to any third party, Seller shall require any such purchaser to assume and agree to perform all of Seller's obligations under and for the term of this Agreement. 8.3 In addition, Seller agrees that, in connection with any sale of a controlling interest of Seller to any direct competitor of Buyer ("Acquiror"). , Seller will notify any such potential Acquiror of its obligations under this Agreement.