Common use of Addition of Sellers Clause in Contracts

Addition of Sellers. Subject to Section 9.2, from time to time one or more Subsidiaries who are 100% owned, directly or indirectly, by Cadmus may become Sellers hereunder and parties hereto. If any such Subsidiary wishes to become an additional Seller or if Cadmus or any Seller desires to acquire any Person as a new wholly-owned Subsidiary and cause such Subsidiary to be an additional Seller at the time such acquisition is consummated, it shall submit a request to such effect in writing to the Company and the Agent. If the Company (which, for purposes of this provision shall not include any assignee under Section 10.11) shall have agreed to any such request, such Subsidiary shall become an additional Seller hereunder and a party hereto on the related Seller Addition Date upon the satisfaction of the conditions set forth in Section 9.2.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Cadmus Communications Corp/New), Purchase and Sale Agreement (Cadmus Communications Corp/New)

Addition of Sellers. Subject to Section 9.2, from time to time one or more Subsidiaries who are 100% owned, directly or indirectly, by Cadmus FII may become Sellers hereunder and parties hereto. If any such Subsidiary wishes to become an additional Seller or if Cadmus FII or any Seller desires to acquire any Person as a new wholly-owned Subsidiary and cause such Subsidiary to be an additional Seller at the time such acquisition is consummated, it shall submit a request to such effect in writing to the Company and the AgentAdministrator. If the Company (which, for purposes of this provision shall not include any assignee under Section 10.11) shall have agreed to any such request, such Subsidiary shall become an additional Seller hereunder and a party hereto on the related Seller Addition Date upon the satisfaction of the conditions set forth in Section 9.2.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Lifestyle Furnishings International LTD)