Notice to Vendors. Purchaser shall, as soon as practicable following the date hereof, send to each vendor under an Assumed Contract a written notice of the assignment to Purchaser of Seller’s obligation under such Assumed Contract, which notice shall request such vendor’s agreement to look solely to Purchaser for payment or performance of such Assumed Contract and to release Seller from all obligations thereunder.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Ocz Technology Group Inc), Asset Purchase Agreement (Ocz Technology Group Inc)
Notice to Vendors. Purchaser shall, as soon as practicable following the date hereofClosing Date, send to each vendor under an Assumed Contract a written notice of the assignment to Purchaser of Seller’s Sellers’ obligation under such Assumed Contract, which notice shall request such vendor’s agreement to look solely to Purchaser for payment or performance of such Assumed Contract and to release Seller Sellers from all obligations thereunder.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Ocz Technology Group Inc), Asset Purchase Agreement (Ocz Technology Group Inc)