Common use of Highly Confident Letters Clause in Contracts

Highly Confident Letters. Upon request by Sellers, which request shall be no more frequently than quarterly, from the date hereof until Closing, Buyer shall provide updated Highly Confident Letters in form and substance satisfactory to Sellers in their sole discretion (the "Quarterly Updates"). Such Quarterly Updates shall also contain a certificate from an authorized officer of Buyer certifying that the representations set forth in Section 4.2.4 are true and correct as of the date of such certificate. Notwithstanding the foregoing, Buyer shall immediately notify Sellers upon the termination or modification of any Highly Confident Letter provided to Sellers either pursuant to Section 4.2.4 or this Section 5.2.3.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Centurytel Inc), Asset Purchase Agreement (Verizon South Inc)

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Highly Confident Letters. Upon request by SellersSeller, which request shall be no more frequently than quarterly, from the date hereof until Closing, Buyer shall provide updated Highly Confident Letters in form and substance satisfactory to Sellers Seller in their its sole discretion (the "Quarterly Updates"). Such Quarterly Updates shall also contain a certificate from an authorized officer of Buyer certifying that the representations set forth in Section 4.2.4 are true and correct as of the date of such certificate. Notwithstanding the foregoing, Buyer shall immediately notify Sellers Seller upon the termination or modification of any Highly Confident Letter provided to Sellers Seller either pursuant to Section 4.2.4 or this Section 5.2.3.

Appears in 1 contract

Samples: Asset Purchase Agreement (Centurytel Inc)

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Highly Confident Letters. Upon request by Sellers, which request shall be no more frequently than quarterlyOn a quarterly basis, from the date hereof until Closing, Buyer shall provide updated Highly Confident Letters in form and substance satisfactory to Sellers Seller in their its sole discretion (the "Quarterly Updates"). Such Quarterly Updates shall also contain a certificate from an authorized officer of Buyer certifying that the representations set forth in Section 4.2.4 are true and correct as of the date of such certificate. Notwithstanding the foregoing, Buyer shall immediately notify Sellers Seller upon the termination or modification of any Highly Confident Letter provided to Sellers Seller either pursuant to Section 4.2.4 or this Section 5.2.3.

Appears in 1 contract

Samples: Asset Purchase Agreement (Verizon South Inc)

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