Examples of Asset Selling Affiliates in a sentence
Buyer hereby waives compliance by Seller and the Asset Selling Affiliates with the provisions of any bulk sale or bulk transfer Laws or similar Laws of any jurisdiction in connection with the Transactions; provided that the foregoing acknowledgement and waiver shall not be deemed to limit, waive, or otherwise modify the representations and warranties of Seller as set forth in Article III of this Agreement.
Buyer acknowledges that Seller and the Asset Selling Affiliates have not taken, and do not intend to take, any action required to comply with any applicable bulk sale or bulk transfer Laws or similar Laws of any jurisdiction.
Except as disclosed in Schedule 10.11(a) the Sold Entities, the JV Majority Participations and, to the extent relating to the Business, the Asset Selling Affiliates (i) have not received a written notice from any Governmental Authority or to Seller’s Knowledge, any other Person during the twelve (12) months preceding the Signing Date that they are in default under or in violation of applicable Laws and (ii) are and have been in compliance in all material respects with all applicable Laws.
Pursuant to the terms and subject to the conditions set out in this Agreement, at Completion, the Seller will, and will procure the relevant Asset Selling Affiliates to, sell, convey, assign and transfer to the Purchaser, and the Purchaser will purchase, acquire and accept the Transferred Assets, free from all Encumbrances, other than Permitted Encumbrances.
Notwithstanding anything to the contrary in this Agreement, the Purchaser shall not purchase, and the Seller and the Asset Selling Affiliates shall not transfer, pursuant to this Agreement or any of the Transactions, the Seller’s or any of its Affiliates’ right, title, obligation or interest in any asset that is not a Transferred Asset.
At Completion, the Purchaser shall assume the Assumed Liabilities and shall satisfy and discharge when due the liabilities and obligations of the Seller and the Asset Selling Affiliates in respect of the Assumed Liabilities.
Purchaser undertakes to, with effect from the Closing Date, assume (übernehmen) and discharge (befreien), without any limitation as set forth in this Agreement, Seller and the Asset Selling Affiliates from, and perform and fulfil (erfüllen), any of the Assumed Liabilities and shall hold harmless and indemnify Seller and the Asset Selling Affiliates from any Losses resulting from Assumed Liabilities.
For purposes of the payments to made pursuant to Section 3.1, the Purchaser and the Seller agree that the Completion Purchase Price shall be allocated among the Asset Selling Affiliates, Crown Packaging Manufacturing UK Limited and the Share Selling Affiliates in accordance with the principles set out in Appendix 4 (the “ Allocation Schedule”).
The German Seller shall and shall procure that the respective German Transferred Entities and the German Asset Selling Affiliates initiate the relevant works council and economic committee information process within 15 Business Days following the date of the Agreement and shall use its reasonable endeavours in accordance with applicable laws to finalize such information process promptly and diligently.
The information disclosed by or on behalf of the Alphasem Group Companies or the Asset Selling Affiliates to Kulicke in the Disclosed Documents does not omit to state any facts which, if disclosed to Kulicke, would change in any material respect the contents or scope of the information disclosed in the Disclosed Documents by the Alphasem Group Companies or the Asset Selling Affiliates.