Nassau New York Transfer Agreement between Savvis Communications Corp. and Bridge Information Systems, Inc. regarding the transfer of certain assets and liabilities

• Category: Corporations - Public - Agreements - Transfers
• State: Multi-State
• County: Nassau
• Control #: US-EG-9489
• Format: Word; Rich Text

Description

Local Asset Transfer Agreement between Savvis Communications Corporation and Bridge Information Systems, Inc. regarding the transfer of certain assets, liabilities, rights and obligations dated 00/00. 6 pages. The Nassau New York Transfer Agreement between Savvies Communications Corp. and Bridge Information Systems, Inc. is a legally binding document that outlines the terms and conditions of the transfer of specific assets and liabilities between these two entities. This agreement typically includes various provisions and clauses pertaining to the transfer process, including but not limited to: 1. Asset Transfer: The agreement will detail the specific assets that are being transferred from Savvies Communications Corp. to Bridge Information Systems, Inc. These may include tangible assets such as equipment, hardware, and real estate property, as well as intangible assets like intellectual property rights, patents, trademarks, and licenses. 2. Liability Transfer: The agreement will address the transfer of liabilities, including outstanding debts, loans, contractual obligations, and potential legal claims. It will specify which liabilities will be assumed by Bridge Information Systems, Inc. and how any associated costs or risks will be allocated. 3. Purchase Price: The agreement may outline the financial aspects of the transfer, including the purchase price or consideration to be paid by Bridge Information Systems, Inc. in exchange for the assets. This may be a fixed amount, payable in cash, stock, or a combination of both, or it could be based on a valuation method agreed upon by both parties. 4. Representations and Warranties: This section will include statements made by both parties regarding the accuracy and completeness of the information provided in the agreement. These representations and warranties serve to protect the interests of both parties and ensure that they are entering into the transfer agreement with accurate and reliable information. 5. Closing and Effective Date: The agreement will specify the date on which the transfer will be completed, known as the closing date, as well as the effective date, which signifies when the transferred assets and liabilities will become the responsibility of Bridge Information Systems, Inc. Other types of Nassau New York Transfer Agreements between Savvies Communications Corp. and Bridge Information Systems, Inc. could include variations in terms of the specific assets being transferred, the liability assumptions, or the purchase price. Each agreement will reflect the unique circumstances and requirements of the respective transfer.

The Nassau New York Transfer Agreement between Savvies Communications Corp. and Bridge Information Systems, Inc. is a legally binding document that outlines the terms and conditions of the transfer of specific assets and liabilities between these two entities. This agreement typically includes various provisions and clauses pertaining to the transfer process, including but not limited to: 1. Asset Transfer: The agreement will detail the specific assets that are being transferred from Savvies Communications Corp. to Bridge Information Systems, Inc. These may include tangible assets such as equipment, hardware, and real estate property, as well as intangible assets like intellectual property rights, patents, trademarks, and licenses. 2. Liability Transfer: The agreement will address the transfer of liabilities, including outstanding debts, loans, contractual obligations, and potential legal claims. It will specify which liabilities will be assumed by Bridge Information Systems, Inc. and how any associated costs or risks will be allocated. 3. Purchase Price: The agreement may outline the financial aspects of the transfer, including the purchase price or consideration to be paid by Bridge Information Systems, Inc. in exchange for the assets. This may be a fixed amount, payable in cash, stock, or a combination of both, or it could be based on a valuation method agreed upon by both parties. 4. Representations and Warranties: This section will include statements made by both parties regarding the accuracy and completeness of the information provided in the agreement. These representations and warranties serve to protect the interests of both parties and ensure that they are entering into the transfer agreement with accurate and reliable information. 5. Closing and Effective Date: The agreement will specify the date on which the transfer will be completed, known as the closing date, as well as the effective date, which signifies when the transferred assets and liabilities will become the responsibility of Bridge Information Systems, Inc. Other types of Nassau New York Transfer Agreements between Savvies Communications Corp. and Bridge Information Systems, Inc. could include variations in terms of the specific assets being transferred, the liability assumptions, or the purchase price. Each agreement will reflect the unique circumstances and requirements of the respective transfer.