Examples of Selling Subs in a sentence
Upon the entry of the Section 363/365 Order and, if applicable, the Confirmation Order, at the Closing the Seller and each of the Selling Subs will sell, assign, transfer, convey and deliver, as the case may be, to the Purchaser and the Purchasing Subs the Acquired Assets, and the Acquired Assets and the assets held by the Domestic Transferred Subs will be free and clear of all liens, claims, encumbrances and security interests other than Permitted Exceptions.
Subject to the limits set forth in this Article VIII, Purchaser agrees to indemnify, defend and hold Seller, the Selling Subs and their respective officers, directors and Affiliates, harmless from and in respect of any and all Losses that they may incur arising out of or due to any failure on the part of the Purchaser or the Purchasing Subs to perform and discharge the Assumed Liabilities and their other liabilities.
Upon the entry of the Section 363/365 Order and, if applicable, the Confirmation Order, the Seller and the Selling Subs will sell, transfer and assign to the Purchaser a valid leasehold interest with respect to each of the Real Property Leases which is a lease (as opposed to a sublease) and a valid subleasehold interest with respect to each of the Real Property Leases which is a sublease, in each case, free and clear of all liens, claims, encumbrances and security interests other than Permitted Exceptions.
Schedule 1.1(b)(vi)(B) identifies instruments through which the Seller and the Selling Subs derive their leasehold interest in the Real Property Leases (including all amendments thereto).
Subject to the terms and conditions of this Agreement, Seller and the Selling Subs shall, and shall cause each Transferred Entity and each Investment Entity to, use reasonable best efforts to preserve the Business intact, to preserve the goodwill of clients, customers, employees and others having business relations with such Transferred Entity or Investment Entity in all material respects.
In furtherance and not in limitation of the foregoing, Seller and the Selling Subs shall, and shall cause such Transferred Entity or Investment Entity to, use their reasonable best efforts to obtain any Required Third Party Consents, in accordance with the plan agreed upon by Purchaser and Seller.
Selling Parent shall take all further action that is advisable or necessary to authorize Selling Sub's execution, delivery, and performance of this Agreement.
McKim ----------------------------- Name: Title: President Exhibit A FORM OF BILL OF SALE AND ASSIGNMENT TXXX BILL OF SALE AND ASSIGNMENT, made, executed and dxxxxered this [o] day of [o], 2002 (the "Closing Date"), by Safety-Kleen Services, Inc., a Delaware corporation (the "Company"), and [Names of Selling Subs] (each a "Seller", and together, the "Sellers") to Clean Harbors, Inc., a Massachusetts corporation (the "Purchaser").
Purchaser and Selling Parent shall use their best efforts to agree on a final closing balance sheet (the "Final Closing Balance Sheet") for the Selling Sub as of the Closing Date and an income statement for the Selling Sub's history of operation through the Closing Date, within 30 days after the Closing Date, that is prepared on the same basis as the Initial Closing Balance Sheet and reflects any adjustments apparent after the Closing Date.
Selling Parent shall provide Purchaser and its independent accountants with full and contemporaneous access to Selling Sub's work papers and shall consult with Purchaser as it prepares the Initial and Final Closing Balance Sheets.