Ongoing Business Relationship. The parties acknowledge that they ----------------------------- have had a long history of business working together, and will use their best efforts to continue such business relationship. At Closing, the parties may enter into a mutually satisfactory supply agreement for the services of Xxxxx X. Xxxx, Inc., to supplant this provision.
Ongoing Business Relationship. The parties hereto intend to engage in an ongoing business relationship after the Closing Date as set forth in the Supply Letter of Intent attached hereto as Exhibit A.
Ongoing Business Relationship. On or before the Closing, Buyer and Seller will enter into an Agreement documenting their intention to cooperate after the Closing, in order to allow both the Business and Baldwin's and Seller's remaining operations to continue to function xxxxxxxxxly. As long as the same does not interfere with Buyer's Business operations, and subject to Buyer's then existing personnel and expertise, and at time reasonably convenient to Buyer, Buyer and Seller will agree to make available to each other, at the Premises and at no cost, reasonable resources to provide training, assembly expertise, engineering expertise, computer and information systems expertise, as may be required to assist the Business and Baldwin's and the Seller's remaining operations to fulfill their resxxxxxxx xustomer commitments and efficiently complete the transition to separate the Business from Baldwin's and the Seller's remaining operations, for a period not to xxxxxx xne hundred eighty (180) days after the Closing. Immediately after the Closing, Baldwin will issue to Buyer purchase orders for components which are work in process in the machine shop of the Business at the time of Closing. The purchase price for such components will be determined by multiplying the part routing remaining standard hours (some of the hours may have already been performed while Seller owned the Business) by an hourly rate of thirty-seven ($37.00) dollars plus the cost of materials. If Baldwin or Seller wish to continue procuring new components from Buyxx xxxxr the Closing, they will ask Buyer to quote price and delivery terms, and upon acceptance, Baldwin or Seller will issue purchase orders on the new agreed upon xxxxxxx and delivery. After the Closing, Seller will communicate regularly with Buyer regarding any cash payments received by Seller on behalf of Buyer from customers, and will forward said payments to Buyer.
Ongoing Business Relationship
