Common use of Waiver of Compliance with Bulk Transfer Laws Clause in Contracts

Waiver of Compliance with Bulk Transfer Laws. With respect to the transactions contemplated by this Agreement, the Buyer and the Company hereby waive compliance with any applicable provisions of the so-called “bulk transfer laws” (Article 6 of the Uniform Commercial Code) of any relevant jurisdiction. The Company hereby agrees to indemnify and hold the Buyer harmless from and against any and all losses, liabilities, claims, damages, costs and expenses (including reasonable attorneys, fees and disbursements) which Buyer may sustain, suffer or incur as a result of or in connection with such “bulk transfer laws” or the waiver hereby of compliance therewith.

Appears in 1 contract

Samples: Asset Purchase Agreement (Entrust Financial Services Inc)

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Waiver of Compliance with Bulk Transfer Laws. With respect to the transactions contemplated by this Agreement, the Buyer and the Company hereby waive compliance with any applicable provisions of the so-called "bulk transfer laws" (Article 6 of the Uniform Commercial Code) of any relevant jurisdiction. The Company Each of the Selling Stockholders hereby agrees to indemnify and hold the Buyer harmless from and against any and all losses, liabilities, claims, damages, costs and expenses (including reasonable attorneys, ' fees and disbursements) which Buyer may sustain, suffer or incur as a result of or in connection with such "bulk transfer laws" or the waiver hereby of compliance therewiththis waiver.

Appears in 1 contract

Samples: Asset Purchase Agreement (Us Home & Garden Trust I)

Waiver of Compliance with Bulk Transfer Laws. With respect to the transactions contemplated by this Agreement, the Buyer and the Company Selling Shareholders hereby waive compliance with any applicable provisions of the so-called "bulk transfer laws" (Article 6 of the Uniform Commercial Code) of any relevant jurisdiction. The Company Each-of the Selling Shareholders hereby agrees to indemnify and hold the -hold Buyer harmless from and against any and all losses, liabilities, claims, damages, costs and expenses (including reasonable attorneys, fees and disbursements) which Buyer may sustain, suffer or incur as a result of or in connection with such "bulk transfer laws" or the waiver hereby of compliance therewith.

Appears in 1 contract

Samples: Stock Purchase Agreement (Labarile Paul Michael)

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Waiver of Compliance with Bulk Transfer Laws. With respect to the transactions contemplated by this Agreement, Buyer, the Buyer Selling Stockholders and the Company Company, respectively, hereby waive compliance with any applicable provisions of the so-called "bulk transfer laws" (Article 6 of the Uniform Commercial Code) of any relevant jurisdiction. The Company hereby agrees to indemnify and hold the Buyer harmless from and against any and all losses, liabilities, claims, damages, costs and expenses (including reasonable attorneys, fees and disbursements) which Buyer may sustain, suffer or incur as a result of or in connection with such “bulk transfer laws” or the waiver hereby of compliance therewith.

Appears in 1 contract

Samples: Asset Purchase Agreement (Us Home & Garden Inc)

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