CompUSA 2015 Annual Report Download - page 75
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Please find page 75 of the 2015 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.(a)AnyLiabilityarisingaftertheClosingDateundertheSellerContractsthathavebeenmadeavailabletoPurchaserintheVDR,but(i)
onlytotheextentsuchobligationsariseoraretobesatisfiedaftertheClosingDate,(ii)onlytotheextentsuchobligationsdonotarisefromorrelatetoanybreach
byaSellerofanyprovisionofanyofsuchSellerContractsotherthanabreachexpresslydisclosedtoPurchaserhereunderonSection6.5oftheSellerDisclosure
Schedule(ifany),(iii)onlytotheextentsuchobligationsdonotarisefromorrelatetoanyevent,circumstanceorconditionoccurringorexistingonorpriortothe
ClosingDatethat,withnoticeorlapseoftime,wouldconstituteorresultinabreachofanyofsuchSellerContractsotherthananysuchpotentialbreachexpressly
disclosedtoPurchaserhereunderonSection6.5oftheSellerDisclosureSchedule(ifany),and(iv)subjecttosubparts(i),(ii)and(iii)ofthissubsection,onlyto
theextentsuchobligationsariseunderSellerContractsforwhichthefulltextoftheSellerContracthasbeendisclosed(itbeingunderstoodthatifthetextofany
suchContracthasnotbeendisclosedtoPurchaseroritsRepresentativesduetoconfidentialityorotherrestrictions(itbeingunderstoodthatdisclosurelimitedto
Purchaser’sRepresentativesshallconstitutevaliddisclosurehereunder and any such Seller Contractsodisclosedisherebyassumed by Purchaser to theextent
madeavailableintheVDR)suchContractshallconstituteanUndisclosedContractandshallbesubjecttothetermsandconditionsofSection1.5(b);and
(b)Liabilitiesforaccruedvacationandpaid-time-offofanyTransferredEmployeeswhobecomeemployeesofPurchaseroranAffiliateof
PurchaseronorpromptlyfollowingtheClosingDate.
1.4 Excluded Liabilities .NotwithstandingSection1.3oranyotherprovisionofthisAgreement,Purchasershallnotassumeandshallnotbeliable
orresponsibleforanyLiabilitythatisnotspecificallyidentifiedasanAssumedLiability(collectively,the“ExcludedLiabilities”).AsbetweenPurchaserand
Sellers,SellersshallremainboundbyandliableforallExcludedLiabilities.
1.5 Non-Assignable Assets; Undisclosed Contracts .
(a)Notwithstandingtheforegoing,ifanyoftheSellerContractsorotherPurchasedAssetsarenotassignableortransferable(each,a“Non-
AssignableAsset”)withouttheconsentof,orwaiverby,athirdparty(each,an“AssignmentConsent”),eitherasaresultoftheprovisionsthereoforapplicable
LegalRequirements,andanyofsuchAssignmentConsentsarenotobtainedbyaSelleronorpriortotheClosingDate,thenwithrespecttoeachNon-Assignable
Asset,PurchasershalltakeallactionsnecessarytoperformtheobligationsundersuchNon-AssignableAssetsandeachSellershallcooperatewithPurchaserin
anyreasonablearrangementdesignedtoprovidePurchaserwithallofthebenefitsofsuchNon-AssignableAssetasifanappropriateAssignmentConsenthadbeen
obtained, including, without limitation, by granting sublicenses, conducting business under such Non-Assignable Assets in the name of such Seller for the
economicbenefit of Purchaser(unlessprohibitedunderthe terms ofanysuch Non-AssignableAsset)andestablishing other similar arrangements. EachSeller
shall use its reasonable commercial efforts to obtain the Assignment Consent as soon as reasonably practicable following the Closing. In such case, this
Agreement and the related instruments of transfer shall not constitute an assignment or transfer of such Non-Assignable Assets until the requisite Assignment
Consentisprovided,atwhichtimesuchassetsshallbedeemedPurchasedAssetsforpurposesofthisAgreementwithoutanyfurtheractionbySellers.
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