CompUSA 2015 Annual Report Download - page 80
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Please find page 80 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.(xvi)Suchothercertificates,instrumentsordocumentsrequiredpursuanttotheprovisionsofthisAgreementorotherwisenecessary
or appropriate to transfer the Purchased Assets and Assumed Liabilities in accordance with the terms hereof and consummate the Transaction, and to vest in
Purchaseranditssuccessorsandassignsfull,complete,absolute,legalandequitabletitletothePurchasedAssets,freeandclearofallEncumbrances(otherthan
PermittedEncumbrances).
3.3 Sellers’ Conditions .SellersobligationtoconsummatetheTransaction,andtotaketheotheractionsrequiredtobetakenbySellersatthe
Closing,issubjecttothesatisfaction,atorpriortotheClosing,ofeachofthefollowingconditions(anyofwhichmaybewaivedbySellersinwholeorinpart,in
writing):
(a)Performance.EachofthecovenantsandobligationsthatPurchaserorPCMisrequiredtoperformortocomplywithpursuanttothis
AgreementatorpriortotheClosingmusthavebeendulyperformedandcompliedwithinallmaterialrespects.
(b)AccuracyofRepresentationsandWarranties.EachofPurchaser’sandPCM’srepresentationsandwarrantiesinthisAgreementmustbe
accurate(i)inallrespects(inthecaseofanyrepresentationorwarrantyqualifiedbymaterialityorasimilarterm);or(ii)inallmaterialrespects(inthecaseofany
representationorwarrantynotqualifiedbymaterialityorasimilarterm),ineachcaseasoftheClosingDate(exceptrepresentationsandwarrantiesthataddress
mattersonlyasofaspecifieddate,theaccuracyofwhichshallbedeterminedasofthespecifieddate).
(c)NoProceedings.TheremustnothavebeencommencedorthreatenedagainstSystemaxoranySelleranyProceedingbyaGovernmental
Authority(i)involvinganychallenge to,orseeking Damagesorother reliefinconnectionwith, theTransaction,or (ii)thatmayhavetheeffectof preventing,
makingillegalorotherwisemateriallyinterferingwiththeTransaction.
(d)Deliveries . Purchaser shall deliver, and PCM shall cause Purchaser to deliver, the following items, duly executed by Purchaser, as
applicable,allofwhichshallbeinaformandsubstancereasonablyacceptabletoSellersandSellers’counsel:
(i)WiretransferstotheaccountsdesignatedbySellersintheaggregateamountofthePurchasePrice;
(ii)TheAssignmentandAssumptionAgreement;
(iii)TheNoncompetitionAgreement;
(iv)TheRealPropertySubleases;
(v)TheIPAssignmentAgreements;
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