Common use of Assignment of Permits and Contracts Clause in Contracts

Assignment of Permits and Contracts. Except as provided in Sections 2.3, 2.4 and 2.8 and subject to the other terms and conditions of this Agreement, at the Closing, the Seller shall assign and transfer to the Purchaser, and the Purchaser shall take assignment of, all of the Seller’s right, title and interest in and to all Permits issued or granted to the Seller that relate exclusively to the operation of the Business, to the extent such Permits are transferable and transferred to the Purchaser hereunder (collectively, the “Transferable Permits”), and in and to the following Contracts, and all then outstanding offers or solicitations made by the Seller to enter into any such Contract (collectively, the “Purchased Contracts”):

Appears in 1 contract

Sources: Asset Purchase and Sale Agreement (Owens & Minor Inc/Va/)

Assignment of Permits and Contracts. Except as provided in Sections 2.32.3 and 2.4, 2.4 and 2.8 upon the terms and subject to the other terms and conditions of this Agreement, at the Closing, the each Seller shall assign and transfer to the Purchaser, and the Purchaser shall take assignment of, all of the such Seller’s right, title and interest in and to all Permits issued or granted related to the Seller that relate exclusively to Business or the operation of the Business, Purchased Assets to the extent such Permits are transferable and transferred to by such Seller (including the Purchaser hereunder Permits listed on Schedule 2.2) (collectively, the “Transferable Assigned Permits”), and in and to the following Contracts, Contracts or contractual rights of such Seller (such Contracts and all then outstanding offers or solicitations made by the Seller to enter into any such Contract (collectivelycontractual rights, the “Purchased Contracts”):

Appears in 1 contract

Sources: Asset Purchase and Sale Agreement (Chemtura CORP)