Common use of Notification by Sellers of Certain Matters Clause in Contracts

Notification by Sellers of Certain Matters. During the period prior to the Closing Date, Sellers will promptly advise Buyer in writing of (a) any notice, objection or other communication from any third Person alleging that the consent of such third Person is or may be required in connection with the transactions contemplated by this Agreement, (b) any material default under any Contract or Real Property Lease or event which, with notice or lapse of time or both, would become such a default on or prior to the Closing Date and of which Sellers have Knowledge, and (c) any Material Adverse Change.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Capital Growth Systems Inc /Fl/), Asset Purchase Agreement (Capital Growth Systems Inc /Fl/)

AutoNDA by SimpleDocs

Notification by Sellers of Certain Matters. During the period prior to the Closing Date, Sellers will promptly advise Buyer in writing of (ai) any noticematerial adverse change in the condition of the Purchased Assets or the Business, objection (ii) any notice or other communication from any third Person alleging that the consent of such third Person is or may be required in connection with the transactions contemplated by this Agreement, and (biii) any material default under any Contract or Real Property Lease Seller Agreement or event which, with notice or lapse of time or both, would become such a default on or prior to the Closing Date and of which Sellers have Knowledge, and (c) any Material Adverse ChangeSeller has knowledge.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Streamline Com Inc), Asset Purchase Agreement (Peapod Inc)

AutoNDA by SimpleDocs

Notification by Sellers of Certain Matters. During the period prior to the Closing Date, Sellers will promptly advise Buyer in writing of (a) any notice, objection or other communication from any third Person alleging that the consent of such third Person is or may be required in connection with the transactions contemplated by this Agreement, and (b) any material default under any Contract or Real Property Lease or event which, with notice or lapse of time or both, would become such a default on or prior to the Closing Date and of which Sellers have Knowledge, and (c) any Material Adverse Change.

Appears in 1 contract

Samples: Asset Purchase Agreement (Universal Access Global Holdings Inc)

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