Common use of Seller's Acknowledgment Clause in Contracts

Seller's Acknowledgment. Each of the Sellers acknowledges that he or she has carefully read and considered the provisions of this Article 8. Each of the Sellers acknowledges and understands that the restrictions contained in this Article 8 may limit his ability to earn a livelihood in a business similar to that of the Purchaser, Newco, the Company or any of their respective Related Companies, but he nevertheless believes that he has received and will receive sufficient consideration and other benefits to justify such restrictions. Each of the Sellers also acknowledges and understands that these restrictions are reasonably necessary to protect the Purchaser's, the Surviving Corporation's, the Company's and their respective Related Companies' interests, and each Seller does not believe that such restrictions will prevent him from earning a living in businesses that are not competitive with those of the Purchaser, the Company or any of their respective Related Companies during the term of such restrictions in the Restricted Area.

Appears in 3 contracts

Samples: Plan of Reorganization (Imagemax Inc), Merger Agreement (Imagemax Inc), Merger Agreement (Imagemax Inc)

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Seller's Acknowledgment. Each of the Sellers The Seller acknowledges that he or she has carefully read and considered the provisions of this Article 8. Each of the Sellers The Seller acknowledges and understands that the restrictions contained in this Article 8 may limit his ability to earn a livelihood in a business similar to that of the Purchaser, Newco, the Company or any of their respective Related Companies, but he nevertheless believes that he has received and will receive sufficient consideration and other benefits to justify such restrictions. Each of the Sellers The Seller also acknowledges and understands that these restrictions are reasonably necessary to protect the Purchaser's, the Surviving Corporation's, the Company's and their respective Related Companies' interests, and each the Seller does not believe that such restrictions will prevent him from earning a living in businesses that are not competitive with those of the Purchaser, the Surviving Corporation, the Company or any of their respective Related Companies during the term of such restrictions in the Restricted Area.

Appears in 2 contracts

Samples: Merger Agreement (Imagemax Inc), Agreement and Plan of Reorganization (Imagemax Inc)

Seller's Acknowledgment. Each of the Sellers acknowledges that he or she has carefully read and considered the provisions of this Article 8. Each of the Sellers acknowledges and understands that the restrictions contained in this Article 8 may limit his ability to earn a livelihood in a business similar to that of the Purchaser, Newco, the Company or any of their respective Related Companies, but he nevertheless believes that he has received and will receive sufficient consideration and other benefits to justify such restrictions. Each of the Sellers also acknowledges and understands that these restrictions are reasonably necessary to protect the Purchaser's, the Surviving Corporation's, the Company's and their respective Related Companies' interests, and each Seller does not believe that such restrictions will prevent him from earning a living in businesses that are not competitive with those of the Purchaser, the Surviving Corporation, the Company or any of their respective Related Companies during the term of such restrictions in the Restricted Area.

Appears in 2 contracts

Samples: Merger Agreement (Imagemax Inc), Agreement and Plan of Reorganization (Imagemax Inc)

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Seller's Acknowledgment. Each of the Sellers The Seller acknowledges that he or she has carefully read and considered the provisions of this Article 8. Each of the Sellers The Seller acknowledges and understands that the restrictions contained in this Article 8 may limit his ability to earn a livelihood in a business similar to that of the Purchaser, Newco, the Company or any of their respective Related Companies, but he nevertheless believes that he has received and will receive sufficient consideration and other benefits to justify such restrictions. Each of the Sellers The Seller also acknowledges and understands that these restrictions are reasonably necessary to protect the Purchaser's, the Surviving Corporation's, the Company's and their respective Related Companies' interests, and each the Seller does not believe that such restrictions will prevent him from earning a living in businesses that are not competitive with those of the Purchaser, the Surviving Corporation, the Company or any of their respective Related Companies during the term of such restrictions in the Restricted Area.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Imagemax Inc), Agreement and Plan of Reorganization (Imagemax Inc)

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