Common use of Mail and Other Communications; Accounts Clause in Contracts

Mail and Other Communications; Accounts. (a) After the Closing Date, each of TDY and its Affiliates and Buyer and its Affiliates may receive mail, packages and other communications (including electronic communications) properly belonging to the other (or the other’s Affiliates). Accordingly, at all times after the Closing Date, each of TDY and Buyer authorizes the other and their respective Affiliates to receive and open all mail, packages and other communications received by it and not unambiguously intended for the other party (or its Affiliates) or any of the other party’s (or its Affiliates’) officers or directors, and to retain the same to the extent that they relate to the Tungsten Materials Business (in the case of receipt by Buyer and its Affiliates) or the Excluded Businesses (in the case of receipt by TDY and its Affiliates), or to the extent that they do not relate to the Tungsten Materials Business (in the case of receipt by Buyer and its Affiliates) or the Excluded Businesses (in the case of receipt by TDY and its Affiliates), the receiving party shall promptly after becoming aware thereof refer, forward or otherwise deliver such mail, packages or other communications (or, in case the same relate to both the Tungsten Materials Business and the Excluded Businesses, copies thereof) to the other party. The provisions of this Section 5.15 are not intended to, and shall not be deemed to, constitute an authorization by either TDY or Buyer to permit the other to accept service of process on its behalf, and neither party is or shall be deemed to be the agent of the other for service of process purposes.

Appears in 1 contract

Samples: Purchase Agreement (Allegheny Technologies Inc)

AutoNDA by SimpleDocs

Mail and Other Communications; Accounts. (a) After the Closing Date, each of TDY the Seller and its the Purchaser and their respective Affiliates and Buyer and its Affiliates Subsidiaries may receive mail, packages and other communications (including electronic communications) properly belonging to the other Party (or the otherother Party’s Affiliates). Accordingly, at all times after the Closing Date, each of TDY the Seller and Buyer the Purchaser authorizes the other and their respective Affiliates to receive and open all mail, packages and other communications received by it and not unambiguously intended for the other party Party (or its Affiliates) or any of the other partyParty’s (or its Affiliates’) officers or directors, and to retain the same to the extent that they relate to the Tungsten Materials Business System (in the case of receipt by Buyer the Purchaser and its Affiliates) or the Excluded Retained Businesses (in the case of receipt by TDY the Seller and its Affiliates), or to the extent that they do not relate to the Tungsten Materials Business System (in the case of receipt by Buyer the Purchaser and its Affiliates) or the Excluded Retained Businesses (in the case of receipt by TDY the Seller and its Affiliates), the receiving party shall Party will, using commercially reasonable efforts, promptly after becoming aware thereof refer, forward or otherwise deliver such mail, packages or other communications (or, in case the same relate to both the Tungsten Materials Business System and the Excluded BusinessesRetained Businesses and that is not a payment or reimbursement, which is addressed in 7.11(b) and 7.11(c), copies thereof) to the other partyParty. The provisions of this Section 5.15 7.11 are not intended to, and shall will not be deemed to, constitute an authorization by either TDY the Seller or Buyer the Purchaser to permit the other to accept service of process on its behalf, behalf and neither party Party is or shall will be deemed to be the agent of the other for service of process purposes.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Adtalem Global Education Inc.)

Mail and Other Communications; Accounts. (a) After the Closing Date, each of TDY Seller and its Purchaser and their respective Affiliates and Buyer and its Affiliates Subsidiaries may receive mail, packages and other communications (including electronic communications) properly belonging to the other Party (or the other’s other Party's Affiliates). Accordingly, at all times after the Closing Date, each of TDY Seller and Buyer Purchaser authorizes the other and their respective Affiliates to receive and open all mail, packages and other communications received by it and not unambiguously intended for the other party Party (or its Affiliates) or any of the other party’s Party's (or its Affiliates') officers or directors, and to retain the same to the extent that they relate to the Tungsten Materials Business SBBC System (in the case of receipt by Buyer Purchaser and its Affiliates) or the Excluded Businesses CAU System (in the case of receipt by TDY Seller and its Affiliates), or to the extent that they do not relate to the Tungsten Materials Business SBBC System (in the case of receipt by Buyer Purchaser and its Affiliates) or the Excluded Businesses CAU System (in the case of receipt by TDY Seller and its Affiliates), the receiving party shall Party will, using commercially reasonable efforts, promptly after becoming aware thereof refer, forward or otherwise deliver such mail, packages or other communications (or, in case the same relate to both the Tungsten Materials Business SBBC System and the Excluded BusinessesCAU System and that is not a payment or reimbursement, which is addressed in Sections 7.8(b) and 7.8(c), copies thereof) to the other partyParty. The provisions of this Section 5.15 7.8 are not intended to, and shall will not be deemed to, constitute an authorization by either TDY Seller or Buyer Purchaser to permit the other to accept service of process on its behalf, behalf and neither party Party is or shall will be deemed to be the agent of the other for service of process purposes.

Appears in 1 contract

Samples: Asset Purchase Agreement

AutoNDA by SimpleDocs

Mail and Other Communications; Accounts. (a) After the Closing Date, each of TDY and its Affiliates and Buyer and its Affiliates may receive mail, packages and other communications (including electronic communications) properly belonging to the other (or the other’s 's Affiliates). Accordingly, at all times after the Closing Date, each of TDY and Buyer authorizes the other and their 49 respective Affiliates to receive and open all mail, packages and other communications received by it and not unambiguously intended for the other party (or its Affiliates) or any of the other party’s 's (or its Affiliates') officers or directors, and to retain the same to the extent that they relate to the Tungsten Materials Business (in the case of receipt by Buyer and its Affiliates) or the Excluded Businesses (in the case of receipt by TDY and its Affiliates), or to the extent that they do not relate to the Tungsten Materials Business (in the case of receipt by Buyer and its Affiliates) or the Excluded Businesses (in the case of receipt by TDY and its Affiliates), the receiving party shall promptly after becoming aware thereof refer, forward or otherwise deliver such mail, packages or other communications (or, in case the same relate to both the Tungsten Materials Business and the Excluded Businesses, copies thereof) to the other party. The provisions of this Section 5.15 are not intended to, and shall not be deemed to, constitute an authorization by either TDY or Buyer to permit the other to accept service of process on its behalf, and neither party is or shall be deemed to be the agent of the other for service of process purposes.

Appears in 1 contract

Samples: Purchase Agreement (Kennametal Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.