Common use of Notification to Customers Clause in Contracts

Notification to Customers. Within ten (10) business days after Closing, Seller shall notify all existing customers of the Business (including the HM5000 Customers) that the rights under the applicable contracts with Seller have been assigned to Buyer, that payment in respect of all invoices under such contracts that are received by such customer after the Closing shall be made payable to Buyer, and that all future inquiries regarding the Business shall be made to Buyer (but may be still be made by calling the same toll-free number as set forth in their contract or writing to the same address as set forth in their contract). In addition, such notices shall provide Buyer’s email contact information. With respect to customers of the TrackWare Product Line and 20/20V Product Line, the notification shall also provide the website address of the New Webhost Website. Within five (5) business days after Closing, Seller shall provide a draft version of the foregoing notice to Buyer for Buyer’s review and comment. Seller shall incorporate all suggestions and changes reasonably requested by Buyer to such notice. To the extent that Buyer takes longer than two (2) business days either to provide suggestions and comments to Seller or to notify Seller that it has no such suggestions or comments, the timeframe in which Seller shall be required to send such notice to the customers shall be extended.

Appears in 1 contract

Sources: Transition Services Agreement (Aether Systems Inc)

Notification to Customers. Within ten (10) business days after Closing, Seller shall notify all existing customers of the Business (including the HM5000 Customers) that the rights under the applicable contracts with Seller have been assigned to Buyer, that payment in respect of all invoices under such contracts that are received by such customer after the Closing shall be made payable to Buyer, and that all future inquiries regarding the Business shall be made to Buyer (but may be still be made by calling the same toll-free number as set forth in their contract or writing to the same address as set forth in their contract). In addition, such notices shall provide Buyer’s email 's e-mail contact information. With respect to customers of the TrackWare Product Line and 20/20V Product Line, the notification shall also provide the website address of the New Webhost Website. Within five (5) business days after Closing, Seller shall provide a draft version of the foregoing notice to Buyer for Buyer’s 's review and comment. Seller shall incorporate all suggestions and changes reasonably requested by Buyer to such notice. To the extent that Buyer takes longer than two (2) business days either to provide suggestions and comments to Seller or to notify Seller that it has no such suggestions or comments, the timeframe in which Seller shall be required to send such notice to the customers shall be extended.

Appears in 1 contract

Sources: Asset Purchase Agreement (At Track Communications Inc)