Common use of Identity of Purchaser Clause in Contracts

Identity of Purchaser. Sellers are contracting for the sale of the Shares to Purchaser, a Delaware corporation. Therefore, Purchaser covenants and agrees that it will not assign this Agreement to any Affiliate or Subsidiary or permit any Affiliate or Subsidiary to pay the Purchase Price to Sellers unless such Affiliate or Subsidiary is a corporation or limited liability company not organized under the laws of the State of Texas.

Identity of Purchaser. Sellers are contracting for the sale of the Shares Interests to Purchaser, a Delaware corporationlimited liability company. Therefore, Purchaser covenants and agrees that it will not assign this Agreement to any Affiliate or Subsidiary or permit any Affiliate or Subsidiary to pay the Purchase Price to Sellers unless such Affiliate or Subsidiary is a corporation or limited liability company not organized under the laws of the State of Texas.