Common use of Notification to Third Parties Clause in Contracts

Notification to Third Parties. During the Pre-Closing Period, each of the Sellers covenants and agrees that it shall take any and all steps necessary and appropriate to duly notice the sale of the Assets, in form and substance reasonably satisfactory to Purchaser in all respects, to (i) all federal, state and local Governmental Entities to which such Sellers may be subject to taxation in respect of the Assets or the Business, and (ii) the Pension Benefit Guarantee Corporation or any other ERISA-related Governmental Entity to which the Assets or the Business may be subject, each in accordance with the provisions of the Sale Motion.