Common use of RIGHTS UNDER CONTRACTS Clause in Contracts

RIGHTS UNDER CONTRACTS. All of SELLERS' rights under any contract, agreement, plan or arrangement relating exclusively to the Business and identified in Schedule 2 shall be transferred to NEOGEN, subject to any necessary consents of any third party. It is the intent of the parties hereto that any customer orders received by SELLERS arising out of the operation of the Business for shipment in the ordinary course of business following the Closing Date be transferred to NEOGEN. Attached as Schedule 6 is a list as of the date shown on the Schedule 6 of all outstanding customer orders, purchase orders, and other customer commitments from SELLERS' customers of the Business.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Vysis Inc), Asset Purchase Agreement (Neogen Corp)