Notice to Vendors. Purchaser shall, as soon as practicable following the Closing Date, send to each vendor under an Assumed Contract a written notice of the assignment to Purchaser of Seller's obligation under such Assumed Contract, which notice shall request such vendor's agreement to look solely to Purchaser for payment or performance of such Assumed Contract and to release Seller from all obligations thereunder.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Docucon Incorporated), Asset Purchase Agreement (Tab Products Co)
Notice to Vendors. Purchaser shall, as soon as practicable following the Closing Date, send to each vendor under an Assumed Contract a written notice of the assignment to Purchaser of Seller's Sellers’ obligation under such Assumed Contract, which notice shall request such vendor's ’s agreement to look solely to Purchaser for payment or performance of such Assumed Contract and to release Seller Sellers from all obligations thereunder.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Ocz Technology Group Inc), Noncompetition and Nonsolicitation Agreement (Ocz Technology Group Inc)
Notice to Vendors. Purchaser shall, as soon as practicable following the Closing Datedate hereof, send to each vendor under an Assumed Contract a written notice of the assignment to Purchaser of Seller's ’s obligation under such Assumed Contract, which notice shall request such vendor's ’s agreement to look solely to Purchaser for payment or performance of such Assumed Contract and to release Seller from all obligations thereunder.
Appears in 2 contracts
Samples: Consulting Agreement (Ocz Technology Group Inc), Asset Purchase Agreement (Ocz Technology Group Inc)
Notice to Vendors. Purchaser Seller shall, as soon as practicable following the Closing Date, send to each vendor under who is a party to an Assumed Contract a written notice of the assignment to Purchaser of Seller's obligation under such Assumed Contract, which notice shall request such vendor's agreement to look solely to Purchaser for payment or performance of such Assumed Contract and to release Seller from all obligations thereunder.
Appears in 1 contract
Samples: Asset Purchase Agreement (Cidco Inc)