Certain Permit Applications. Not later than two business days following the execution of this Agreement, Buyer shall provide Seller with (i) a listing of requested operating or similar permits reasonably necessary to operate Sellers facilities, or (ii) requested documentation supporting the conclusion that such permits are in force or are not reasonably required for the facilities of Seller where the Business is operated. Buyer shall promptly respond in writing to any analysis from Shareholder stating a particular permit is not necessary. Seller and Shareholder shall use their best efforts to secure the requested permits and/or documentation prior to Closing, it being understood that obtaining such permit is not a condition to Closing unless the failure to have a permit or permits constitutes a Material Adverse Change. Seller and Shareholder shall promptly provide Buyer with copies of any permit or related documents filed with any governmental authorities. All expenses incurred by Seller or Shareholder in connection with their obligations under this Section 7.19 shall be paid by Shareholder. At least three (3) business days prior to the Closing Date, Seller shall provide Buyer with a written summary of action taken and the status of any governmental filings.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Alltrista Corp), Asset Purchase Agreement (Alltrista Corp)