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Agmt12 Badawi & Associates
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Agmt12 Badawi & Associates
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Last modified
9/10/2012 11:40:55 AM
Creation date
6/19/2012 5:13:11 PM
Metadata
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Template:
Agreement
Contractor Name
Badawi & Associates
PROJECT NAME
Consent to Assignment Agreement
RMP File Number
304
Date
6/19/2012
Reso Ref
15197
MO Ref
12-069
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i . <br /> i <br /> 1.5 "Seller Clients"means those clients listed on Exhibit"B". <br /> , ARTICLE II <br /> Purchase and Sale of Assets and Related Covenants <br /> 2.1 Sale and Transfer of Assets. <br /> (a) Subject to the terms and conditions set forth in this Agreement, <br /> Seller agrees to sell, convey, transfer, assign, and deliver to Buyer, and Buyer agrees to purchase, <br /> accept and acquire from Seller, all right, title, and interest Seller has, has had, or anticipates <br /> '� having in its relationships with the Accounts, together with all files, documents and information <br /> of whatever nature that are maintained by Seller in the ordinary course of business in connection <br /> with the servicing of the Accounts (collectively the"Files"). <br /> (b) Seller agrees to assign to Buyer all of its right, title, and interest in <br /> ', those written contracts and agreements (the "Assigned Contracts") that Seller has relating to the <br /> ' provision of services to the Accounts, copies of which have been delivered to Buyer, and the <br /> ', furniture set forth on Schedule 2.12 hereto (the "Furniture") (the Accounts, Files, Furniture and <br /> Assigned Contracts are collectively referred to as the "Assets"). <br /> (c) The Assets shall be sold and conveyed to Buyer free and clear of <br /> all Liens. <br /> 2.2 Retained Assets and Liabilities. <br /> (a) Retained Assets. Notwithstanding anything contained in this <br /> Agreement or in any Exhibit hereto, other than the Furniture, the Assets shall only be deemed to <br /> include such items as relate to the Accounts. Except for the Assets described in Section 2.1, all <br /> other assets of Seller are specifically excluded from the purchase and sale under this Agreement <br /> and shall not be sold, assigned or transferred to Buyer hereunder. <br /> (b) Retained Liabilities. Notwithstanding anything contained in this <br /> Agreement or in any Exhibit hereto, Seller shall be responsible for paying, in full, all obligations <br /> relating to the Accounts arising before tlie Effective Date including, without limitation, all <br /> vendors and accounts payable for obligations arising out of or relating to the Accounts which <br /> were entered into and/or accrued prior to the Effective Date,except as provided in Section 2.3. <br /> (c) Accounts Receivable. The Assets do not include any right,title, or <br /> interest in or to Seller's accounts receivable arisin� from any services Seller has provided to the <br /> Accounts prior to the Effective Date, as set forth on Schedule 2.2 hereto (the "Accounts <br /> Receivable"). <br /> 2 <br />
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