Common use of Transfer of Warranties Clause in Contracts

Transfer of Warranties. As of the Closing Date, to the extent assignable, Seller shall be deemed to have assigned to Buyer all of its right, title and interest in and to warranties (express and implied) that continue in effect with respect to any of the Purchased Assets, and to have nominated Buyer as Seller’s true and lawful attorney to enforce such warranties against such manufacturers, and Seller shall execute and deliver such specific assignments of such warranty rights as Buyer may reasonably request.

Appears in 2 contracts

Samples: Asset Purchase Agreement (FreightCar America, Inc.), Asset Purchase Agreement (Warwick Valley Telephone Co)

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Transfer of Warranties. As of the Closing Date, to the extent assignable, Seller shall be deemed to have assigned to Buyer all of its right, title and interest in and to warranties (express and implied) that continue in effect with respect to any of the Purchased AssetsAssets or the Manufacturing Facility, and to have nominated Buyer as Seller’s true and lawful attorney to enforce such warranties against such manufacturers, and Seller shall execute and deliver such specific assignments of such warranty rights as Buyer may reasonably request.

Appears in 2 contracts

Samples: Purchase Agreement (ImmunityBio, Inc.), Purchase Agreement (Athenex, Inc.)

Transfer of Warranties. As of the Closing Date, to the extent assignable, Seller Sellers shall be deemed to have assigned to Buyer all of its their right, title and interest in and to warranties (express and implied) that continue in effect with respect to any of the Purchased Acquired Assets, and to have nominated Buyer as each Seller’s true and lawful attorney to enforce such warranties against such manufacturers, and each Seller shall execute and deliver such specific assignments of such warranty rights as Buyer may reasonably request.

Appears in 1 contract

Samples: Asset Purchase Agreement (Katy Industries Inc)

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Transfer of Warranties. As of the Closing Date, to the extent assignable, Seller shall be deemed (to the extent legally permissible) to have assigned to Buyer all of its right, title and interest in and to such warranties (express and implied) that continue in effect with respect to any of the Purchased Acquired Assets, and to have nominated Buyer Xxxxx as Seller’s true and lawful attorney to enforce such warranties against such manufacturers, and Seller shall execute and deliver such specific assignments of such warranty rights as Buyer may reasonably request.

Appears in 1 contract

Samples: Asset Purchase Agreement (Enzo Biochem Inc)

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