Common use of Bulk Sales Act Clause in Contracts

Bulk Sales Act. Buyer waives compliance by Seller with the provisions of Article 6 of the Uniform Commercial Code, or equivalent bulk transfer laws, of any applicable state. Seller shall indemnify and hold harmless Buyer from and against any and all expense, loss or liability which Buyer may suffer as a result of claims asserted by third parties against Buyer due to any noncompliance by Seller and Buyer with applicable bulk transfer laws.

Appears in 1 contract

Sources: Asset Sale Agreement (Digital Link Corp)

Bulk Sales Act. Seller has requested and Buyer waives has agreed to waive any compliance by required of Seller with respect to the provisions of Article 6 of the Uniform Commercial Codeapplicable Bulk Sales Act(s) or statutes. In exchange for said waiver, or equivalent bulk transfer laws, of any applicable state. Seller shall indemnify and hold harmless Buyer from and against any and all expenseclaims, loss actions, causes of action, liabilities or liability judgments which Buyer may suffer as a result be asserted, or recovered against Buyer, by reason of claims asserted by third parties against Buyer due to any noncompliance by Seller and Buyer Buyer's waiver or Seller's non-compliance with applicable bulk transfer lawsBulk Sales legislation.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Standex International Corp/De/)

Bulk Sales Act. Seller has requested and Buyer waives has agreed to waive any compliance by required of Seller with respect to the provisions of Article 6 of the Uniform Commercial Codeapplicable Bulk Sales Act(s) or statutes. In exchange for said waiver, or equivalent bulk transfer laws, of any applicable state. Seller shall indemnify and hold harmless Buyer from and against any and all expenseclaims, loss actions, causes of action, liabilities or liability judgments which Buyer may suffer as a result be asserted, or recovered against Buyer, by reason of claims asserted by third parties against Buyer due to any noncompliance by Seller and Buyer Buyer’s waiver or Seller’s non-compliance with applicable bulk transfer lawsBulk Sales legislation.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Standex International Corp/De/)

Bulk Sales Act. Buyer waives compliance by Seller with the provisions of Article 6 of the Uniform Commercial Code, or equivalent bulk transfer laws, of any applicable stateBulk Sales Act or similar law to the extent required in connection with this transaction. Seller shall indemnify indemnify, defend and hold harmless Buyer and the Property from and against any and all expensedemands, loss claims or liability which Buyer may suffer liabilities arising from any failure of Seller to so comply as a result provided in Section 20 of claims asserted by third parties against Buyer due to any noncompliance by Seller and Buyer with applicable bulk transfer lawsthis Contract.

Appears in 1 contract

Sources: Contract of Sale (Spartan Stores Inc)

Bulk Sales Act. Buyer waives compliance by Seller with any bulk sales law which may be applicable to the provisions of Article 6 of the Uniform Commercial Codetransactions contemplated by this Agreement; provided, or equivalent bulk transfer lawshowever, of any applicable state. that Seller shall agrees to indemnify Buyer and hold it harmless Buyer from any loss, damage, liability, and against any and all expense, loss or liability which Buyer may suffer as a result of claims asserted by third parties against Buyer due to any noncompliance by Seller and Buyer with applicable bulk transfer lawsexpenses (including reasonable legal fees) resulting from such noncompliance.

Appears in 1 contract

Sources: Asset Purchase Agreement (Meade Instruments Corp)