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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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2.8 Sales and Use Taxes. Buyer shall not be responsible for any taxes, <br /> interest, or penalties of any kind which are related to the Accounts and pertain to any period <br /> preceding the Effective Date or arise from, or by reason of, this Agreement, except for sales tax <br /> payable by Buyer on the Assets, as determined by applicable law. <br /> 2.9 Amendment to Non-Equitv Partner Agreement. As of the Closing, <br /> Buyer agrees to cause Badawi to execute that certain Amendment No. 1 (the "NEPA <br /> Amendment") to the Non-Equity Partner Agreement dated as of October l, 2010 (the "Non- <br /> Equity Partner Agreement") by and between Seller and Badawi in the form attached as Exhibit <br /> "C"and Seller agrees to execute same. <br /> 2.10 Reserved. <br /> 2.11 Reserved. <br /> 2.12 Furniture. As of the Closing, Buyer agrees to remove the furniture listed <br /> on Schedule 2.12 (the "Furniture") at Buyer's own cost and liability. Buyer agrees that the <br /> Furniture is in "as is" condition. Seller makes no warra.nty with respect to the condition, <br /> serviceability and/or suitability of the Furniture. Any maintenance, repairs, replacement, and/or <br /> refurbishment of the Furniture shall be at Buyer's expense. <br /> 2.13 Ro al . Buyer and Seller agree that the Royalty payable hereunder shall <br /> survive the transfer and/or sale of any of the Accounts or the Seller's assets. Buyer shall use its <br /> i commercially reasonable efforts to retain the Accounts and shall not sell or transfer any of the <br /> Accounts unless the purchaser agrees in writing to assume the payment obligations to Seller <br /> under this Agreement. In the event Buyer sells substantially all of its assets or is not the <br /> i surviving party in any merger ar other combination the Buyer shall use its commercially <br /> ' � reasonable efforts to cause the surviving entity to assume tl�e payment obligations to Seller under <br /> , this Agreement. <br /> ARTICLE III <br /> I The Closin� <br /> i 3.1 Conditions Precedent to Buyer's Performance. The obligations .of <br /> � Buyer to purchase the Assets under this Agreement are subject to the satisfaction, at or before the <br /> ' Closing, of all the conditions set out in Subsections (a)to (e) below. Buyer may waive any or all <br /> of these conditions in whole or in part without prior notice; provided, however, that no such <br /> � waiver of a condition shall constitute a waiver by Buyer of any af its other rights or remedies, at <br /> � law or in equity, if Seller shall be in default of any of their representations, warranties, or <br /> i covenants under this Agreement. <br /> i <br /> i <br /> i <br /> 4 <br />
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