Deliveries by Seller At the Closing, Sellers shall deliver the following to Buyer: (a) certificates representing the Shares (other than the MDL Sweden Shares) duly endorsed in blank or accompanied by stock powers (or, with respect to the MDL Sweden Shares, if the MDL Sweden Certificate is not located prior to the Closing, a stock power without the accompanying certificate) or other applicable instruments of transfer duly executed in blank form, with transfers duly executed by the registered holder thereof in favor of Buyer or Buyer’s designee, and any other documents which may be required to give valid title to the applicable Shares, free and clear of any Encumbrance, other than restrictions on transfer imposed under applicable securities Laws; (b) a duly executed counterpart of the Transition Services Agreement substantially in the form attached hereto as Exhibit A (the “Transition Services Agreement”); (c) if the MDL Sweden Certificate is located prior to the Closing, evidence that Buyer has been duly entered as the owner of the MDL Sweden Shares in the share register of MDL Sweden; (d) (i) copies of the resolutions of the Board of Directors or other managerial body of each Seller, certified by a proper director or officer of such Seller, approving such party’s execution, delivery and performance of this Agreement and the other agreements to be executed and delivered by such Seller pursuant to this Agreement and (ii) an executed certificate of a duly authorized officer of each Seller, dated as of the Closing Date, certifying that the execution and delivery of this Agreement, and the other agreements to be executed and delivered by such Seller pursuant to this Agreement, by such Seller and the consummation by such Seller of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of such Seller and its members or stockholders, as the case may be, in accordance with applicable Law and such Seller’s organizational documents; (e) a receipt for the Purchase Price; (f) a certificate executed by a duly authorized director or officer of each Seller certifying to the matters set forth in Sections 5.2(a), 5.2(b) and 5.2(c) with respect to such Seller; (g) the Xxxx of Sale and Assignment Agreement substantially in the form attached hereto as Exhibit C, duly executed by Elsevier UK and MDL (UK) Limited; (h) a duly executed counterpart of each of the following agreements (“Services Agreements”): (i) the Access and Hosting Agreement substantially in the form attached hereto as Exhibit D; (ii) the Contract Services Agreement substantially in the form attached hereto as Exhibit E; (iii) the Elsevier License Agreement substantially in the form attached hereto as Exhibit F; (iv) the MDL License Agreement substantially in the form attached hereto as Exhibit G; and (v) the Crossfire License Agreement substantially in the form attached hereto as Exhibit K. (i) certificates of good standing with respect to each MDL Group Company (if the jurisdiction of such entity issues good standing certificates), issued by the jurisdiction of incorporation or organization for each such entity, each dated a date that is as close to the Closing Date as reasonably practicable; (j) resignations or evidence of removal of the directors and officers of the MDL Group Companies, other than those persons whom Buyer specifies to Seller Representative at least five (5) days prior to the Closing Date; (k) certification, in form and substance reasonably satisfactory to Buyer, from Elsevier Inc. to the effect that Elsevier Inc. is not a “foreign person” as defined in Section 1445 of the Code; and (l) Seller Releases substantially in the form attached hereto as Exhibit B, duly executed by each Seller.
Deliveries by Purchaser At the Closing, Purchaser shall deliver or pay, or cause to be delivered or paid, as applicable: (a) the following payments: (i) to Biolase, acting on its behalf and, with respect to any amounts payable to any Seller (as determined pursuant to the Closing Payment Allocation Schedule), as agent on behalf of such other Sellers, an amount equal to the Estimated Purchase Price (less (A) the Adjustment Escrow Amount and (B) the Good Faith Deposit); and (ii) to the Escrow Agent, an amount equal to the Adjustment Escrow Amount, by wire transfer of immediately available funds, which the Escrow Agent shall deposit into the Adjustment Escrow Account and hold in accordance with the Adjustment Escrow Agreement; (b) to Biolase, the Bill of Sale, duly executed by Xxxxxxxxx or the Designee; (c) to Biolase, the IP Assignment Agreements, duly executed by Purchaser or the Designee; (d) to Biolase, the authorizing resolutions adopted by the board of managers, board of directors, or other applicable governing body of Purchaser authorizing this Agreement, each other Ancillary Document to which such Purchaser is a party and the consummation of the Transactions; and (e) to Biolase, the officer’s certificates required to be delivered pursuant to Section 10.2(c); (f) to Biolase, a joint payment instruction letter, duly executed by Xxxxxxxxx, directing the Escrow Agent to immediately release the Good Faith Deposit from the Good Faith Deposit Escrow Account to Biolase (on behalf of itself and the other Sellers); and (g) to Biolase, the Adjustment Escrow Agreement, duly executed by Purchaser and the Escrow Agent.