Common use of PTE Clause in Contracts

PTE. Ltd., a corporation organized and existing under the laws of Singapore (“SEA”), and ▇▇▇▇▇▇ Feindraht, AG, a company organized under the laws of Switzerland (“▇▇▇▇▇▇”), are wholly-owned subsidiaries of the Seller. GHC, SEA, and ▇▇▇▇▇▇ are collectively referred to herein as the “Subsidiaries” and, together with the Seller, as the “Seller Parties.” The Seller Parties are engaged in the manufacturing and marketing of gold, aluminum and copper wire (gold, aluminum and copper including alloyed and doped metals, wires including the wires themselves, ribbons and foils) used in the wire bonding process for semiconductor and microelectronic devices (the “Business”). This Agreement and the other Transaction Agreements contemplate the sale and transfer or contract or license by the Seller Parties to the Purchaser at Closing of all of the assets and certain identified liabilities relating to the Business. In consideration of the foregoing, and the mutual representations, warranties and covenants set forth in this Agreement, and for other good and valuable consideration, and intending to be legally bound hereby, the parties agree as follows: