MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
eflect the list of applicable Transferred Prime Product Orders as of the date that is thirty (30)<br />
days prior to the Initial Closing Date or the Canada Closing Date (as applicable).<br />
(f) Retained Orders. Prior to the Initial Closing or the Canada Closing (as<br />
applicable), the Parties shall cooperate in good faith to identify customer orders and contracts<br />
nearing completion and relating to the Local Distribution Businesses that shall not be<br />
Transferred Prime Product Orders and that shall not be transferred to Buyer (the “Retained<br />
Orders”).<br />
6.19 Initial Closing TSAs; Canada Closing TSAs.<br />
(a) From the date of this Agreement until the Initial Closing or the Canada<br />
Closing (as applicable), Seller and Buyer shall work together in good faith to identify any<br />
additional services (including Buyer providing to Seller collection services in respect of any<br />
Accounts Receivable that are not assigned to Buyer or a Buyer Party) that may need to be<br />
provided by Seller to Buyer or by Buyer to Seller, as the case may be, under the applicable Initial<br />
Closing TSAs or Canada Closing TSAs (as applicable), in each case, in connection with the<br />
Initial Closing Territories or the Canada Closing Territories (as applicable). Seller and Buyer<br />
acknowledge and agree that any such services identified to be provided under the Initial Closing<br />
TSAs or the Canada Closing TSAs shall be provided on a fully burdened cost basis other than in<br />
the case of real property leases between Buyer or a Buyer Party, on the one hand, and Seller or a<br />
Seller Party, on the other hand, which shall be on a fair market value basis.<br />
(b) From the date of this Agreement until the Initial Closing or the Canada<br />
Closing (as applicable), Seller and Buyer shall work together in good faith to enter into, or cause<br />
the applicable Seller Party or Buyer Party, respectively, to enter into, one or more transition<br />
services agreements (the “Retained WIP and Retained Orders TSAs”) pursuant to which Buyer,<br />
the applicable Buyer Party or their respective Affiliates shall provide the services necessary for<br />
Seller or the applicable Seller Party to complete the Retained WIP and Retained Orders in<br />
accordance with the contracts of Seller or the applicable Seller Party in respect thereof and in a<br />
manner reasonably satisfactory to Seller, in each case, in accordance with the principles set forth<br />
on Exhibit G, notwithstanding the provisions of Section 6.19(a).<br />
(c) Notwithstanding any other provision in this Agreement, from the date of<br />
this Agreement and continuing after the Initial Closing, Seller shall use commercially reasonable<br />
efforts to obtain approval from the duty-free commercial port center (or Zona Franca) of South<br />
America traditionally called Zofri (the “Zofri Consent”) in connection with the leased real<br />
property located at Calle Bellavista, Manzana B, Sitio 17B, Barrio Industrial Zofri, Iquique,<br />
Tarapaca 111-2182, and the owned facility located thereon (collectively, the “Iquique Property”).<br />
Within five (5) Business Days after the Zofri Consent has been obtained, Seller and the<br />
applicable Seller Parties and Buyer and the applicable Buyer Parties shall execute and deliver to<br />
the other Party the Transfer Documents applicable to the Iquique Property.<br />
7. Conditions Precedent to the Obligations of Buyer. The obligations of Buyer and the<br />
Buyer Parties to consummate the Initial Closing are subject to satisfaction of all of the following<br />
conditions by the Initial Closing Date (any one or more of which may, to the extent permitted by<br />
applicable Legal Requirements, be waived in writing by Buyer in Buyer’s sole discretion):<br />
- 38 -