Common use of Bulk Sales Act Clause in Contracts

Bulk Sales Act. Seller has requested and Buyer has agreed to waive any compliance required of Seller with respect to the applicable Bulk Sales Act(s) or statutes. In exchange for said waiver, Seller shall indemnify Buyer from and against any and all claims, actions, causes of action, liabilities or judgments which may be asserted, or recovered against Buyer, by reason of Buyer's waiver or Seller's non-compliance with applicable Bulk Sales legislation.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Standex International Corp/De/)

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Bulk Sales Act. Seller has requested and Buyer has agreed to waive any compliance required of Seller with respect to the applicable Bulk Sales Act(s) or statutes. In exchange for said waiver, Seller shall indemnify Buyer from and against any and all claims, actions, causes of action, liabilities or judgments which may be asserted, or recovered against Buyer, by reason of Buyer's ’s waiver or Seller's ’s non-compliance with applicable Bulk Sales legislation.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Standex International Corp/De/)

Bulk Sales Act. Seller has requested and Buyer has agreed to waive any waives compliance required of by Seller with respect to the applicable Bulk Sales Act(s) or statutes. In exchange for said waiver, Seller shall indemnify Buyer from and against any and all claims, actions, causes of action, liabilities or judgments bulk sales law which may be assertedapplicable to the transactions contemplated by this Agreement; provided, or recovered against Buyerhowever, by reason of Buyer's waiver or Seller's non-compliance with applicable Bulk Sales legislationthat Seller agrees to indemnify Buyer and hold it harmless from any loss, damage, liability, and expenses (including reasonable legal fees) resulting from such noncompliance.

Appears in 1 contract

Samples: Asset Purchase Agreement (Meade Instruments Corp)

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Bulk Sales Act. Seller has requested and Buyer has agreed to waive any waives compliance required of by Seller with respect to the provisions of Article 6 of the Uniform Commercial Code, or equivalent bulk transfer laws, of any applicable Bulk Sales Act(s) or statutesstate. In exchange for said waiver, Seller shall indemnify and hold harmless Buyer from and against any and all claimsexpense, actions, causes loss or liability which Buyer may suffer as a result of action, liabilities or judgments which may be asserted, or recovered claims asserted by third parties against Buyer, Buyer due to any noncompliance by reason of Buyer's waiver or Seller's non-compliance Seller and Buyer with applicable Bulk Sales legislationbulk transfer laws.

Appears in 1 contract

Samples: Asset Sale Agreement (Digital Link Corp)

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