Communications with Customers. No later than 15 Business Days prior to the Closing Date, or such shorter time period as the parties may mutually agree, Seller, Seller Parent and Purchaser shall send a joint statement announcing the transactions contemplated hereby to each Customer, obligor, agent and, where applicable, lender. The form and content of each such statement shall be subject to the reasonable approval of all parties and the cost of printing and mailing such statement shall be borne equally by the parties. Thereafter, Purchaser shall be entitled to provide at its own expense such notices or communications to such Customers, obligors, agents and/or lenders as it deems appropriate or as may be required; provided, that the text of any such notice or communication and the timing of any such notice or communication which is provided prior to the Closing Date shall be approved in advance by Seller, which approval shall not be unreasonably withheld or delayed.
Appears in 2 contracts
Sources: Purchase and Assumption Agreement (Fremont General Corp), Purchase and Assumption Agreement (Capitalsource Inc)