Vendors definition
Examples of Vendors in a sentence
The Company maintains commercially reasonable relations with each of its Customers and Vendors.
If the Vendor Representative fails to deliver the Objection Notice within the Review Period, the Purchaser's Final Closing Statement shall be deemed to have been accepted by the Vendors and shall be final and binding and used in computing the Post-Closing Reduction Amount or Post-Closing Increase Amount, as applicable.
Subject to the terms and conditions set forth herein, at the Closing, each Vendor shall sell, transfer and convey to the Purchaser, and the Purchaser shall purchase from each Vendor, all of such Vendor's rights, title and interest in and to such Vendor's Membership Interests, free and clear of all Encumbrances (other than restrictions on the transfer of securities under Applicable Securities Laws and in the Constating Documents of the Company).
Except as set forth in the Disclosure Schedule, each Vendor, severally and not jointly, represents and warrants to the Purchaser, as to itself only, that the statements contained in this Article 4 are true and correct as of the date hereof (or, in the case of any Vendor who becomes a party to this Agreement after the date hereof pursuant to Section 10.14, as of the date of such Vendor's Joinder and as of the Closing Date).
The Purchaser's obligation to pay each of the Earn-Out Payments to the Vendors in accordance with Section 2(a) is an independent obligation of the Purchaser and is not otherwise conditional or contingent upon the satisfaction of any conditions precedent to any preceding or subsequent Earn-Out Payment and the obligation to pay an Earn-Out Payment to the Vendors shall not obligate the Purchaser to pay any preceding or subsequent Earn-Out Payment.