Common use of Preferential Rights to Purchase and Consents to Assignment Clause in Contracts

Preferential Rights to Purchase and Consents to Assignment. Before ---------------------------------------------------------- Closing and for up to one year after Closing, the Parties shall continue to provide reasonable cooperation in obtaining all required Consents to Assignment and in complying with all enforceable Preferential Rights to Purchase that remain in force after Closing. Buyer shall be primarily responsible for handling such matters, shall assume all risks and liabilities in connection with the rights of the holders thereof, and shall release, indemnify and defend Seller against any claims, damages, suits, demands or other liabilities associated with any Consents to Assignment or Preferential Rights to Purchase.

Appears in 4 contracts

Sources: Purchase Agreement (Eex Corp), Stock Purchase Agreement (Eex Corp), Purchase Agreement (Eex Corp)

Preferential Rights to Purchase and Consents to Assignment. Before ---------------------------------------------------------- Closing and for up to one year after Closing, the Parties shall continue to provide reasonable cooperation in obtaining all required Consents to Assignment and in complying with all enforceable Preferential Rights to Purchase that remain in force after Closing. Buyer shall be primarily responsible for handling such matters, shall assume all risks and liabilities in connection with the rights of the holders thereof, and shall release, indemnify and defend Seller against any claims, damages, suits, demands or other liabilities associated with any Consents to Assignment or Preferential Rights to Purchase.

Appears in 4 contracts

Sources: Purchase Agreement (Tesoro Petroleum Corp /New/), Purchase Agreement (Tesoro Petroleum Corp /New/), Stock Purchase Agreement (Tesoro Petroleum Corp /New/)