Example ContractsClausesBulk Sales
Bulk Sales
Bulk Sales contract clause examples

Bulk Sales. Seller, at no expense to Purchaser, shall comply with all applicable “bulk sales laws” in a timely manner, taking into account the timing of the Closing.

Bulk Sales. The execution, delivery and performance of this Agreement and the transactions contemplated hereby do not require compliance with any “bulk sales” act or similar law by the Borrower.

Bulk Sales. The execution, delivery and performance of this Agreement do not require compliance with any “bulk sales” act or similar law by the Borrower.

Bulk Sales. The execution, delivery and performance of this Agreement do not require compliance with any “bulk sales” act or similar law by the Borrower.

Bulk Sales. Seller shall timely file all required disclosures in connection with the sale in order to receive clearance letters pursuant to the bulk sales requirements in the States of California, Maryland, and Pennsylvania, or alternatively, Seller shall provide Purchaser

Bulk Sales. Buyer and Seller hereby agree to waive compliance with the provisions of any bulk sales, bulk transfer or similar legislation in the jurisdictions in which any of the Purchased Assets are located. Seller shall, after Closing, pay its creditors as its debts to them become due and take all action necessary to prevent any such creditor from asserting any claim against Buyer or the Purchased Assets or under any such legislation for relief provided therein as a result of such non-compliance.

Bulk Sales. The execution, delivery and performance of this Agreement do not require compliance with any “bulk sales” act or similar law by the Borrower.

New Jersey Bulk Sales Matters. Within ten (10) days following written request by Purchaser, Seller shall provide Purchaser with all information and documentation necessary for Purchaser to complete the New Jersey Division of Tax Form C-9600, Notification of Sale, Transfer or Assignment in Bulk and any other documents required by the State of New Jersey related thereto. Thereafter, Purchaser will promptly file the Form C-9600. Issuance by the State of New Jersey of a letter setting or waiving the escrow requirement shall be a condition to Purchaser’s obligation to close on the Property. Should the State of New Jersey require an escrow, Seller agrees to fund an escrow in the amount required from the proceeds of sale, said escrow to be held by the Escrow Agent, pursuant to an escrow agreement in form reasonably acceptable to Seller, Purchaser and Escrow Agent. Seller agrees to indemnify, defend and hold Purchaser harmless for, from and against any and all of Seller’s tax liability, which obligation shall survive Closing.

Bulk Sales. The execution, delivery and performance of this Agreement and the transactions contemplated hereby do not require compliance with any “bulk sales” act or similar law by the Borrower.

with reasonably acceptable evidence that the bulk sales requirements do not apply. If after timely filing all required disclosures, Seller does not receive clearance letters from the applicable government bodies, then Seller shall deliver to Purchaser a bulk sales indemnity in such form reasonably acceptable to Purchaser with respect to potential bulk sales liabilities in the States of California, Maryland, and Pennsylvania (“Bulk Sales Liabilities”). The Bulk Sales Liabilities indemnity shall survive Closing and shall not be merged into the Deeds. Seller or its parent shall maintain an aggregate tangible net worth at least equal to the Claim Cap (defined below), and the parties constituting the “Seller” shall be jointly and severally liable for the Bulk Sales Liabilities. For greater certainty, Purchaser is not assuming any of the Bulk Sales Liabilities.

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