Common use of Extension of Restrictions Clause in Contracts

Extension of Restrictions. Each Seller agrees that, in the event that a Seller violates Sections 7.1, 7.2 or 7.3, the period of the restriction violated by such Seller shall be extended by the period of time of such Seller’s violation thereof.

Appears in 1 contract

Sources: Asset Purchase Agreement (Edci Holdings, Inc.)

Extension of Restrictions. Each Seller agrees that, in the event that a such Seller violates Sections 7.1, 7.2 or 7.3, the period of the restriction violated by such Seller shall be extended by for the period of time of such Seller’s violation thereof.

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (Converted Organics Inc.)