Common use of Sale of Unit or Location Clause in Contracts

Sale of Unit or Location. In the event that, after the Effective Date, Hill-Rom sells any or all of its business units or locations that are subject to this CIA, Hill-Rom shall notify OIG of the sale at least 30 days prior to the sale of such business unit or location. This notification shall include a description of the business unit or location to be sold, a brief description of the terms of the sale, and the name and contact information of the prospective purchaser. This CIA shall be binding on the purchaser of such business unit or location, unless otherwise determined and agreed to in writing by the OIG. Notwithstanding the foregoing, none of the notification obligations set forth in Section IV of this CIA shall apply to any of Hill-Rom’s business units or locations that Hill-Rom’s Post Acute Care Division uses solely as warehouses or repair facilities.