Common use of Electronic Transfer of Certain Assets Clause in Contracts

Electronic Transfer of Certain Assets. Seller agrees that, at the request of Buyer, any of the Purchased Assets that can be transmitted to Buyer electronically will be so delivered to Buyer promptly following the Closing in a secure format and manner mutually agreeable to Buyer and Seller and will not be delivered to Buyer on any tangible medium. After Closing, Seller will not directly or indirectly use any copies of such Purchased Assets under its custody or control except for (a) the purpose of verifying delivery of or re-delivering such Purchased Assets to Buyer or (b) complying with an express provision of this Agreement or the Ancillary Documents. Upon the written request of Buyer following the Closing, Seller will return or destroy any such copies of the Purchased Assets using commercially reasonable means but, in any event, will not thereafter directly or indirectly permit or perform any recovery or restoration thereof, whether through forensics, archives, undeletion, or otherwise.

Appears in 13 contracts

Samples: Asset Purchase Agreement (Medicine Man Technologies, Inc.), Asset Purchase Agreement (Medicine Man Technologies, Inc.), Asset Purchase Agreement (Medicine Man Technologies, Inc.)

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Electronic Transfer of Certain Assets. Seller agrees The Parties agree that, at the request of BuyerPurchaser, any of the Purchased Assets that can be transmitted to Buyer Purchaser electronically will be so delivered to Buyer Purchaser promptly following the Closing in a secure format and manner mutually agreeable to Buyer and Seller the Parties and will not be delivered to Buyer Purchaser on any tangible medium. After Closing, Seller will not directly or indirectly use any copies of such Purchased Assets under its custody or control except for (a) the purpose of verifying delivery of or re-delivering such Purchased Assets to Buyer Purchaser or (b) complying with an express provision of this Agreement or the Ancillary Documentsany Related Agreement. Upon the written request of Buyer Purchaser following the Closing, Seller will return or destroy any such copies of the Purchased Assets using commercially reasonable means but, in any event, will not thereafter directly or indirectly permit or perform any recovery or restoration thereof, whether through forensics, archives, undeletion, or otherwise.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medicine Man Technologies, Inc.)

Electronic Transfer of Certain Assets. Seller agrees The Parties agree that, at the request of BuyerPurchaser, any of the Purchased Assets that can be transmitted to Buyer Purchaser electronically will be so delivered to Buyer Purchaser promptly following the Closing in a secure format and manner mutually agreeable to Buyer and Seller the Parties and will not be delivered to Buyer Purchaser on any tangible medium. After the Closing, Seller Sellers will not directly or indirectly use any copies of such Purchased Assets under its custody or control except for (a) the purpose of verifying delivery of or re-delivering such Purchased Assets to Buyer Purchaser or (b) complying with an express provision of this Agreement or the Ancillary DocumentsRelated Agreements. Upon the written request of Buyer Purchaser following the Closing, Seller Sellers will return or destroy any such copies of the Purchased Assets using commercially reasonable means but, in any event, will not thereafter directly or indirectly permit or perform any recovery or restoration thereof, whether through forensics, archives, undeletion, or otherwise.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medicine Man Technologies, Inc.)

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Electronic Transfer of Certain Assets. Seller agrees The Parties agree that, at the request of BuyerPurchaser, any of the Purchased Assets that can be transmitted to Buyer Purchaser electronically will be so delivered to Buyer Purchaser promptly following the Closing in a secure format and manner mutually agreeable to Buyer and Seller the Parties and will not be delivered to Buyer Purchaser on any tangible medium. After the Closing, Seller will not directly or indirectly use any copies of such Purchased Assets under its custody or control except for (a) the purpose of verifying delivery of or re-delivering such Purchased Assets to Buyer Purchaser or (b) complying with an express provision of this Agreement or the Ancillary DocumentsRelated Agreements. Upon the written request of Buyer Purchaser following the Closing, Seller will return or destroy any such copies of the Purchased Assets using commercially reasonable means but, in any event, will not thereafter directly or indirectly permit or perform any recovery or restoration thereof, whether through forensics, archives, undeletion, or otherwise.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medicine Man Technologies, Inc.)

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