Assumption of Contracts. No later than two (2) Business Days prior to the Closing, the Purchaser shall notify the Sellers in writing as to any Assumed Contracts that were listed in Section 1.1(l) of the Company Disclosure Letter as of the date hereof that the Purchaser does not desire to assume at Closing, which Contracts shall be deleted from Section 1.1(l) of the Company Disclosure Letter. At Closing, the Sellers shall deliver an updated Company Disclosure Letter pursuant to Section 2.2 hereof that shall reflect such changes to the Assumed Contracts to be assumed by the Purchaser hereunder at Closing and add such excluded Contracts to Section 1.2(c) of the Company Disclosure Letter.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Winstar Communications Inc), Asset Purchase Agreement (Winstar Communications Inc)
Assumption of Contracts. No later than two (2) the Business Days Day prior to the Closing363 Hearing, the Purchaser shall notify the Sellers in writing as to any Assumed Contracts that were listed in Section 1.1(l) of the Company Disclosure Letter as of the date hereof that the Purchaser does not desire to assume at Closing, which Contracts shall be deleted from Section 1.1(l) of the Company Disclosure Letter. At Closing, the Sellers shall deliver an updated Company Disclosure Letter pursuant to Section 2.2 hereof that shall reflect such changes to the Assumed Contracts to be assumed by the Purchaser hereunder at Closing and add such excluded Contracts to Section 1.2(c) of the Company Disclosure Letter.
Appears in 1 contract
Sources: Asset Purchase Agreement (Winstar Communications Inc)