Right to Designate. Purchaser may purchase the Shares through a corporation or a company, provided that: (i) it notifies in writing the Seller of its intention to do so not later than 10 Business Days prior to the Closing Date indicating the name of the corporation or company which shall purchase the Shares ("Designee"); (ii) the Designee is, directly or indirectly, a wholly-owned subsidiary of the Purchaser; and (iii) the Designee accepts in writing at the Closing to be bound by all the obligations of the Purchaser under this Agreement, countersigning the same for said purposes. In any event the Purchaser shall not be relieved from any of its obligations under this Agreement and shall remain jointly and severally liable with the Designee for the full and prompt fulfilment of all of the Purchaser's obligations under this Agreement.
Appears in 2 contracts
Sources: Share Purchase Agreement (High Voltage Engineering Corp), Share Purchase Agreement (High Voltage Engineering Corp)