Common use of Designated Contracts Clause in Contracts

Designated Contracts. (A) As soon as practicable after the date hereof but in no event later than the day immediately preceding the Closing Date, Buyer shall deliver notice in writing to Company designating which, if any, of the Contracts (defined herein) set forth on Schedule 5.7 will be assigned to and assumed by Buyer (the "Designated Contracts"). Such notice of designation will be set forth on Schedule 1.3 to be attached hereto. If within said period of time Buyer fails to so deliver notice to Company, Buyer will be deemed to have designated none of the Contracts and Company will remain fully liable thereunder. To the extent Buyer makes any such designation and subject to the rights of third parties to any assignment, Company shall at Closing be obligated to assign all of its right, title and interest under such Contracts to Buyer and Buyer shall assume the obligations accruing after Closing under such Designated Contracts. The Company shall bring current, as of the Closing Date, all amounts due under the Designated Contracts. At the Closing, the Purchase Price shall be reduced by an amount equal to the aggregate amount due as of the Closing under all of the Designated Contracts which are assumed by Buyer, and such aggregate withheld amount shall be divided among and paid directly to the such Designated Contract vendors in accordance with the amounts owed to each of them. (B) Notwithstanding anything to the contrary contained herein, Buyer is not assuming and will not be responsible for any liabilities or obligations under the Designated Contracts incurred on or occurring before the Closing Date; all such liabilities and obligations remaining the sole and exclusive responsibility of Company pursuant to Section 1.2 herein and shall be paid or performed on or prior to the Closing Date. (C) Immediately after notice of the designation by Buyer of the Designated Contracts to be assigned by Company, Company will use its best efforts and shall diligently proceed to obtain any consents of any parties necessary to permit the assignment of the Designated Contracts. In the event that any of the Designated Contracts are not assignable, or the parties to such Designated Contract fail or refuse to consent to any assignment on or before the Closing Date, Buyer shall have no liability to assume any such Designated Contracts.

Designated Contracts. Within ten (A10) As soon business days after the date hereof, Buyer shall deliver to the Shareholder Schedule 2.4 setting forth each of the Contracts identified on Schedule 5.7(b) that the Company, Medi-Serve or any of the Subsidiaries shall not retain as practicable of the Closing (the "DESIGNATED CONTRACTS"). Within five (5) days after Buyer shall have delivered Schedule 2.4 to Shareholder, the Shareholder may terminate this Agreement in accordance with Section 12.1 by giving notice thereof during such five (5) day period if any Contracts shall be listed on Schedule 2.4. If Shareholder shall not so notify Buyer within such time period, then such right to terminate this Agreement shall expire. Prior to the Closing (unless the Shareholder shall have terminated this Agreement as provided above), each Designated Contract set forth on Schedule 2.4 shall be terminated (or the Company, Medi-Serve and the Subsidiaries shall otherwise be released from all liability with respect thereto) at the sole cost and expense of the Shareholder (or at the cost of the Company, Medi-Serve or the Subsidiaries to the extent such cost is expressly included in the calculation of the Actual Working Capital Amount or Actual Long-term Liabilities). It shall be a condition precedent of Buyer to the Closing that all required consents shall have been obtained from each party to each Contract (that is not a Designated Contract) with respect to which the change in control contemplated by this Agreement requires such consent ("CONSENT CONTRACTS"), except to the extent that the failure to obtain such consents with respect to Consent Contracts is not reasonably likely to have a material adverse effect on the Company, Medi-Serve or the operation of the Business. If the Company, Medi-Serve or any of the Subsidiaries shall enter into any agreement, lease, contract, instrument or commitment after the date hereof and prior to Closing that would be deemed to be "material" as defined in Section 5.7 below if it were in existence on the date hereof, or if there shall be disclosed any agreement, lease, contract, instrument or commitment that should have been disclosed on Schedule 5.7(b) hereto but in no event later than the day immediately preceding the Closing Datethat was not so disclosed, then Buyer shall deliver notice in writing have five (5) business days from the date on which so disclosed to Company designating whichBuyer to notify the Shareholder as to whether such agreement, if anylease, of the Contracts (defined herein) set forth on Schedule 5.7 will contract, instrument or commitment shall be assigned to and assumed by Buyer (the "a Designated Contracts"). Such notice of designation will be set forth on Schedule 1.3 to be attached heretoContract. If within said period of time Buyer fails to so deliver notice to Companynotify the Shareholder then such agreement, Buyer will lease, contract, instrument or commitment shall not be deemed to have designated none of the Contracts and Company will remain fully liable thereunder. To the extent Buyer makes any such designation and subject to the rights of third parties to any assignment, Company shall at Closing be obligated to assign all of its right, title and interest under such Contracts to Buyer and Buyer shall assume the obligations accruing after Closing under such a Designated Contracts. The Company shall bring current, as of the Closing Date, all amounts due under the Designated Contracts. At the Closing, the Purchase Price shall be reduced by an amount equal to the aggregate amount due as of the Closing under all of the Designated Contracts which are assumed by Buyer, and such aggregate withheld amount shall be divided among and paid directly to the such Designated Contract vendors in accordance with the amounts owed to each of themContract. (B) Notwithstanding anything to the contrary contained herein, Buyer is not assuming and will not be responsible for any liabilities or obligations under the Designated Contracts incurred on or occurring before the Closing Date; all such liabilities and obligations remaining the sole and exclusive responsibility of Company pursuant to Section 1.2 herein and shall be paid or performed on or prior to the Closing Date. (C) Immediately after notice of the designation by Buyer of the Designated Contracts to be assigned by Company, Company will use its best efforts and shall diligently proceed to obtain any consents of any parties necessary to permit the assignment of the Designated Contracts. In the event that any of the Designated Contracts are not assignable, or the parties to such Designated Contract fail or refuse to consent to any assignment on or before the Closing Date, Buyer shall have no liability to assume any such Designated Contracts.

Designated Contracts. (Aa) As soon as practicable after the date hereof but in no event later than fifteen (15) days after the day immediately preceding the Closing Datedate hereof, Buyer shall deliver notice in writing to Company Sellers designating which, if any, of the Contracts (defined herein) set forth on Schedule 5.7 SCHEDULE 4.7 hereto will be assigned to and assumed by Buyer (the "Designated Contracts"). Such notice of designation will be set forth on Schedule 1.3 to be attached SCHEDULE 1.4 hereto. If within said period of time Buyer fails to so deliver notice to CompanySellers, Buyer will be deemed to have designated none of the Contracts Contracts, and Company Sellers will remain fully liable thereunder. To the extent Buyer makes any such designation and subject to the rights of third parties to any assignmentdesignation, Company Sellers shall at Closing be obligated to either: (i) assign all of its right, title and interest under such Designated Contracts to Buyer and Buyer shall assume the obligations accruing after Closing under such Designated Contracts. The Company ; and shall bring current, as agree to indemnify and hold harmless the respective Seller from any and all liability thereunder; or (ii) arrange for termination of the Closing Date, all amounts due under the Designated Contracts. At the Closing, the Purchase Price shall be reduced by an amount equal to the aggregate amount due as of the Closing under all of the Designated Contracts which are assumed by Buyer, such contract and such aggregate withheld amount shall be divided among and paid directly to the such Designated Contract vendors in accordance with the amounts owed to each of thementer into a replacement therefor. (Bb) Notwithstanding anything to the contrary contained herein, unless otherwise specifically agreed in writing, Buyer is not assuming and will not be responsible for any liabilities or obligations under the Designated Contracts incurred on or occurring before the Closing Date; all such liabilities and obligations remaining the sole and exclusive responsibility of Company Sellers pursuant to Section 1.2 1.3 herein and shall be paid or performed on or prior to the Closing Date. (Cc) Immediately after notice of the designation confirmation by Buyer of the Designated Contracts to be assigned by CompanySellers, Company will Buyer and each Seller, respectively, shall use its best efforts and shall diligently proceed to obtain any consents of any parties necessary to permit the assignment and assumption of the Designated Contracts. In the event that any of the Designated Contracts are not assignable, or the parties to any such Designated Contract Contracts fail or refuse to consent to any assignment on or before the Closing Date, Buyer shall have no liability to assume and shall not assume any such Designated Contracts.

Designated Contracts. Within ten (A10) As soon business days after the date hereof, Buyer shall deliver to the Shareholders' Representative Schedule 2.4 setting forth each of the Contracts identified on Schedule 5.7(b) that the Company or any of its subsidiaries shall not retain as practicable of the Closing (the "DESIGNATED CONTRACTS"); provided that no Management Agreement or Tenancy Lease shall be included on Schedule 2.4. Within five (5) days after Buyer shall have delivered Schedule 2.4 to Shareholders' Representative, the Shareholders' Representative may terminate this Agreement in accordance with Section 13.1 by giving notice thereof during such five (5) day period if any Contracts shall be listed on Schedule 2.4. If Shareholders' Representative shall not so notify Buyer within such time period, then such right to terminate this Agreement shall expire. Prior to the Closing, each Contract described on Schedule 5.26 and each other Designated Contract shall be terminated (or the Company and its subsidiaries shall otherwise be released from all liability with respect thereto) at the sole cost and expense of the Principal Shareholders (or at the cost of the Company or its subsidiaries to the extent such cost is expressly included in the calculation of the Actual Working Capital Amount or Actual Long-term Liabilities). It shall be a condition precedent of Buyer to the Closing that all required consents shall have been obtained from each party to each Contract (that is not a Designated Contract) with respect to which the change in control contemplated by this Agreement requires such consent ("CONSENT CONTRACTS"), except to the extent that the failure to obtain such consents with respect to Consent Contracts that do not constitute Lease-Related Contracts (as hereinafter defined) is not reasonably likely to have a material adverse effect on the Company or the operation of the Business. The Company (prior to the Closing only) and each Principal Shareholder hereby jointly and severally represent and warrant to Buyer that Schedule 5.7(b) correctly identifies each Consent Contract that is necessary for the Company or any Subsidiary to continue as the lessee under any Lease other than the Georgia billing office Lease identified as item 9 (ee) on Schedule 5.7(b) (each, a "LEASE-RELATED CONTRACT"). If the Company and Shareholders comply with their obligations under Section 9.4 below and any required consent is not obtained on or prior to Closing with respect to any Lease-Related Contract, then Buyer shall not be permitted to terminate its obligations under this Agreement by reason thereof, but the Base Amount (and, correspondingly, the Series A Merger Consideration and the Series B Merger Consideration), shall be reduced by the amount allocated to the Facility to which such Lease-Related Contract relates as set forth on Annex A to Schedule 5.7(b); provided, however, that if the aggregate amount of such reduction to be made by reason of this Section 2.4 shall be equal to or exceed $7,000,000, then Buyer shall be entitled to terminate its obligations under this Agreement. If the Company or any of its subsidiaries shall enter into any agreement, lease, contract, instrument or commitment after the date hereof and prior to Closing that would be deemed to be "material" as defined in Section 5.7 below if it were in existence on the date hereof, or if there shall be disclosed any agreement, lease, contract, instrument or commitment that should have been disclosed on Schedule 5.7(b) hereto but in no event later than the day immediately preceding the Closing Datethat was not so disclosed, then Buyer shall deliver notice in writing have five (5) business days from the date on which so disclosed to Company designating whichBuyer to notify the Shareholders' Representative as to whether such agreement, if anylease, of the Contracts (defined herein) set forth on Schedule 5.7 will contract, instrument or commitment shall be assigned to and assumed by Buyer (the "a Designated Contracts"). Such notice of designation will be set forth on Schedule 1.3 to be attached heretoContract. If within said period of time Buyer fails to so deliver notice to Companynotify the Shareholders' Representative then such agreement, Buyer will lease, contract, instrument or commitment shall not be deemed to have designated none be a Designated Contract. Without limiting the generality of the Contracts and Company will remain fully liable thereunder. To foregoing, all of the extent Buyer makes any such designation and subject employment agreements referred to in Schedule 6.6A to the rights of third parties SCHM Stock Purchase Agreement other than the one-year employment agreements with Xxxxxx Canada, Xxxxxx Xxxxxxxxx, Xxxxxx Xxxxxxxxx, Xxxx Xxxxxxx, and Xxxx Xxxxxxxxx substantially in the form heretofore provided by Buyer to any assignmentthe Principal Shareholders, Company shall at Closing be obligated to assign terminated (or all of its right, title and interest amounts payable under such Contracts to Buyer employment agreements at any time shall be included as current liabilities in the working capital of the Company and Buyer shall assume the obligations accruing after Closing under such Designated Contracts. The Company shall bring current, its subsidiaries on a consolidated basis as of the Closing DateDate regardless of whether in accordance with GAAP); provided further, all amounts that in the case of the employment agreement with Xxxxxxx Xxxxxxx, such employment agreement need not be terminated on the condition that any payments that may become due under to such employee upon the Designated Contracts. At subsequent termination of his employment after the Closing, the Purchase Price shall be reduced by an amount equal to the aggregate amount due as second anniversary of the Closing under all of the Designated Contracts which are assumed by BuyerDate (without releasing him from any restrictive covenants), and such aggregate withheld amount shall be divided among Prohibited Liabilities (and paid directly to the such Designated Contract vendors in accordance with the amounts owed to each of them. (B) Notwithstanding anything to the contrary contained herein, Buyer is not assuming and will shall not be responsible for any liabilities or obligations under the Designated Contracts incurred on or occurring before the Closing Date; all such liabilities and obligations remaining the sole and exclusive responsibility of Company pursuant subject to Section 1.2 herein and shall be paid or performed on or prior to the Closing Date12.6(b) below). (C) Immediately after notice of the designation by Buyer of the Designated Contracts to be assigned by Company, Company will use its best efforts and shall diligently proceed to obtain any consents of any parties necessary to permit the assignment of the Designated Contracts. In the event that any of the Designated Contracts are not assignable, or the parties to such Designated Contract fail or refuse to consent to any assignment on or before the Closing Date, Buyer shall have no liability to assume any such Designated Contracts.

Designated Contracts. (Aa) As soon as practicable after the date hereof but in no event later than the day immediately preceding the Closing Date, Buyer shall deliver notice in writing to Company Seller designating which, if any, of the Contracts (defined herein) set forth on Schedule 5.7 4.7 will be assigned to and assumed by Buyer (the "Designated Contracts"). Such notice of designation will be set forth on Schedule 1.3 1.4 to be attached hereto. If within said period of time Buyer fails to so deliver notice to CompanySeller, Buyer will be deemed to have designated none of the Contracts and Company Seller will remain fully liable thereunder. To the extent Buyer makes any such designation and subject to the rights of third parties to any assignmentdesignation, Company Seller shall at Closing be obligated to assign all of its right, title and interest under such Contracts to Buyer and Buyer shall assume the obligations accruing after Closing under such Designated Contracts. The Company shall bring current, as of the Closing Date, all amounts due under the Designated Contracts. At the Closing, the Purchase Price shall be reduced by an amount equal to the aggregate amount due as of the Closing under all of the Designated Contracts which are assumed by Buyer, and such aggregate withheld amount shall be divided among and paid directly to the such Designated Contract vendors in accordance with the amounts owed to each of them. (Bb) Notwithstanding anything to the contrary contained herein, Buyer is not assuming and will not be responsible for any liabilities or obligations under the Designated Contracts incurred on or occurring before the Closing Date; all such liabilities and obligations remaining the sole and exclusive responsibility of Company Seller pursuant to Section 1.2 Paragraph 1.3 herein and shall be paid or performed on or prior to the Closing Date. (Cc) Immediately after notice of the designation by Buyer of the Designated Contracts to be assigned by CompanySeller, Company Seller will use its best efforts and shall diligently proceed to obtain any consents of any parties necessary to permit the assignment of the Designated Contracts. In the event that any of the Designated Contracts are not assignable, or the parties to such Designated Contract fail or refuse to consent to any assignment on or before the Closing Date, Buyer shall have no liability to assume and will not assume any such Designated Contracts.

Designated Contracts. (A) As soon as practicable after the date hereof but in no event later than the day immediately preceding the Closing Date, Buyer shall deliver notice in writing to Company designating which, if any, of the Contracts (defined herein) set forth on Schedule 5.7 will be assigned to and assumed by Buyer (the "Designated ContractsDESIGNATED CONTRACTS"). Such notice of designation will be set forth on Schedule 1.3 to be attached hereto. If within said period of time Buyer fails to so deliver notice to CompanyCompanies, Buyer will be deemed to have designated none of the Contracts and Company Companies will remain fully liable thereunder. Upon Closing, Buyer will provide mobile x-ray and/or mobile EKG services to the facilities or organizations with which the Companies currently have service contracts. To the extent Buyer makes any such designation and subject to the rights of third parties to any assignment, Company Companies shall at Closing be obligated to assign all of its right, title and interest under such Contracts to Buyer and Buyer shall assume the obligations accruing after Closing under such Designated Contracts. The Company Companies shall bring current, as of the Closing Date, all amounts due under the Designated Contracts. At the Closing, the cash portion of the Purchase Price shall be reduced by an amount equal to the aggregate amount due as of the Closing under all of the Designated Contracts which are assumed by Buyer, and such aggregate withheld amount shall be divided among and paid directly to the such Designated Contract vendors in accordance with the amounts owed to each of them. (B) Notwithstanding anything to the contrary contained herein, Buyer is not assuming and will not be responsible for any liabilities or obligations under the Designated Contracts incurred on or occurring before the Closing Date; all such liabilities and obligations remaining the sole and exclusive responsibility of Company Companies pursuant to Section 1.2 herein and shall be paid or performed on or prior to the Closing Date. (C) Immediately after notice of the designation by Buyer of the Designated Contracts to be assigned by CompanyCompanies, Company Companies will use its their best efforts and shall diligently proceed to obtain any consents of any parties necessary to permit the assignment of the Designated Contracts. In the event that any of the Designated Contracts are not assignable, or the parties to such Designated Contract fail or refuse to consent to any assignment on or before the Closing Date, Buyer shall have no liability to assume any such Designated Contracts.

Designated Contracts. (Ai) As soon Following the Closing, Seller, subject to the terms of this Section 7.8(b), will continue to hold and be the named counterparty under those certain Contracts listed on Schedule 7.8(b)(i) (the “Designated Contracts”); provided, subject to the other provisions of this Section 7.8(b), Seller holds the Designated Contract as practicable agent of and for the benefit of the Company. (ii) From and after the date hereof but Closing, (i) the Company will have responsibility for complying with the terms and provisions of the Designated Contracts including the timely delivery of fuel to counterparties under the Designated Contracts and compliance with the product quality specifications and requirements and other provisions of the Designated Contracts in no event later favor of the counterparty thereto and (ii) the Company will make economic and commercial decisions with respect to the Designated Contracts and will promptly notify Seller of such decisions as to enable the Company to promptly administer the Designated Contracts. To the extent necessary, title to the products being delivered to a counterparty under a Designated Contract will pass from the Company to Seller immediately prior to the transfer of the title to the products to the counterparty under the Designated Contract. (iii) From and after the Closing, Seller will have responsibility for administering the Designated Contracts as agent of, for the benefit of, and at the direction of the Company. Such administrative responsibilities include: (i) billing and collection at the direction of the Company and remitting payments received under the Designated Contracts to the Company, (ii) communications, at the direction of the Company, with any counterparty under the Designated Contracts regarding fuel purchases and deliveries and any disputes arising under the Designated Contract and (iii) promptly transmitting to the Company any correspondence received from any counterparty to the Designated Contracts. Other than the day immediately preceding the Closing Datein accordance with Section 7.8(b)(v), Buyer shall deliver notice not take any elective action under or with respect to a Designated Contract from and after the Closing without the prior approval of the Company. (iv) Buyer will make available and cause the Company to make available to Seller such documents, data, information and personnel of the Company as may be reasonably required during normal business hours for Seller to properly administer the Designated Contracts. (v) On or before 5:00 P.M. Central Time on November 15, 2019, the Company shall notify Seller in writing to Company designating whichand specify which of the Designated Contracts, if any, of that the Company desires to have assigned from Seller to the Company (or its designee). Seller will use commercially reasonable efforts to cause such identified Designated Contracts (defined herein) set forth on Schedule 5.7 will to be assigned to and assumed by Buyer the Company (the "Designated Contracts")or its designee) on or as soon as practicable following November 30, 2019. Such notice of designation Seller will be set forth on Schedule 1.3 continue to be attached hereto. If within said period of time Buyer fails to so deliver notice to Company, Buyer will be deemed to have designated none of the Contracts and Company will remain fully liable thereunder. To the extent Buyer makes any such designation and subject to the rights of third parties to any assignment, Company shall at Closing be obligated to assign all of its right, title and interest under such Contracts to Buyer and Buyer shall assume the obligations accruing after Closing under such Designated Contracts. The Company shall bring current, as of the Closing Date, all amounts due under the Designated Contracts. At the Closing, the Purchase Price shall be reduced by an amount equal to the aggregate amount due as of the Closing under all of administer the Designated Contracts which are assumed by Buyer, and such aggregate withheld amount shall designated to be divided among and paid directly assigned until the first to occur of (i) the transfer of such Designated Contract vendors in accordance with to the amounts owed to each of themCompany (or its designee) and (ii) sixty (60) days following the Closing. (Bvi) Notwithstanding anything With respect to the contrary contained herein, any Designated Contract for which notice of assignment has not timely been made by Buyer is not assuming and will not be responsible for any liabilities or obligations under the Designated Contracts incurred on or occurring before the Closing Date; all such liabilities and obligations remaining the sole and exclusive responsibility of Company pursuant to Section 1.2 herein and shall be paid or performed 7.8(b)(v), Seller, in its sole discretion, may terminate any of such Designated Contracts at any time on or after December 1, 2019. The Company shall have no liability with respect to any Designated Contract (i) for which notice of assignment has not timely been made by Buyer pursuant to Section 7.8(b)(v), except for Company’s obligations relating to actions taken under such Contract prior to December 1, 2019; and (ii) for which notice of assignment has been timely made by Buyer but such assignment has not occurred within sixty (60) days following the Closing DateClosing, except for Company’s obligations relating to actions taken under such Contract prior to such date. (Cvii) Immediately after notice of the designation by Buyer of the Designated Contracts to be assigned by Company, Company will use its best efforts and shall diligently proceed to obtain any consents of any parties necessary to permit the assignment of the Designated Contracts. In the event that any of Until the Designated Contracts are not assignable, assigned to the Company (or the parties to such Designated Contract fail its designee) or refuse to consent to any assignment on or before the Closing Dateterminated by Seller, Buyer shall have no liability to assume any responsibility for all requirements and obligations under and receive all of the benefits of such Designated Contracts.

Designated Contracts. (A) As soon as practicable after the date hereof hereof, but in no event later than three (3) business days after the day immediately preceding the Closing Datedate hereof, Buyer shall deliver notice in writing to Company Sellers designating which, if any, of the Contracts (defined herein) set forth to which any Seller is a party listed on Schedule 5.7 4.7(b) hereto pursuant to Section 4.7 of this Agreement will be assigned to and assumed by Buyer (collectively, the "Designated ContractsDESIGNATED CONTRACTS"). Such notice of designation will be Except as set forth on Schedule 1.3 1.3(a), each existing Provider Contract (as such term is defined in Section 4.7(b) below) is a Designated Contract, and is sometimes referred to be attached heretoin this Agreement as a "DESIGNATED PROVIDER CONTRACT" and collectively with all such other Contracts, as the "DESIGNATED PROVIDER CONTRACTS". If within said period of time Buyer fails to so deliver notice to CompanySellers, Buyer will be deemed to have designated none all of the Contracts said Contracts. Subject to subsections (b) and Company will remain fully liable thereunder. To (c) below, to the extent Buyer makes (or is deemed to have made) any such designation and subject to the rights of third parties to any assignmentdesignation, Company Sellers shall at Closing be obligated to assign all of its their right, title and interest under such Designated Contracts to Buyer and Buyer shall assume the obligations accruing after Closing under such Designated Contracts. The Company shall bring current, as of the Closing Date, all amounts due under the Designated Contracts. At the Closing, the Purchase Price shall be reduced by an amount equal Contracts to the aggregate amount due as extent provided in Section 1.2 above. If, after the date hereof, either Seller shall enter into any agreement, lease, contract or commitment, whether written or oral, with respect to the Business, or initially deliver a copy of the Closing under all of the Designated Contracts which are assumed by a Contract not previously delivered to Buyer, and such aggregate withheld amount Seller shall be divided among and paid directly promptly notify Buyer, in which case Buyer shall have three (3) business days from the date of its receipt of notice thereof to the elect to include such agreement, lease, contract or commitment as a Designated Contract vendors in accordance with the amounts owed to each of them. (B) Notwithstanding anything to the contrary contained herein, Contract. Unless Buyer is not assuming and will not be responsible for any liabilities or obligations under the Designated Contracts incurred on or occurring before the Closing Date; all such liabilities and obligations remaining the sole and exclusive responsibility of Company pursuant to Section 1.2 herein and shall be paid or performed otherwise notify Sellers on or prior to the Closing Date. end of such three (C3) Immediately after notice of the designation by Buyer of the Designated Contracts business day period, such agreement, lease, contract or commitment shall be deemed to be assigned by Company, Company will use its best efforts and shall diligently proceed to obtain any consents of any parties necessary to permit the assignment of the a Designated Contracts. In the event that any of the Designated Contracts are not assignable, or the parties to such Designated Contract fail or refuse to consent to any assignment on or before the Closing Date, Buyer shall have no liability to assume any such Designated ContractsContract.