Common use of ASSETS NOT PURCHASED Clause in Contracts

ASSETS NOT PURCHASED. BY BUYER Unless otherwise agreed by the parties in writing, Buyer shall not purchase the following: (i) consigned merchandise; (ii) merchandise held in layaway; (iii) merchandise which is damaged, shopworn, faded (including faded labels) or subject to visible deterioration; (iv) merchandise which, in Buyer's reasonable opinion, is unsalable because it is obsolete, its expiration date has expired or it has been discontinued by the manufacturer; (v) seasonal merchandise; or (vi) prescription merchandise more than 30 days old or prescription merchandise or over-the-counter drugs which are (a) in a partially filled container with a date which will expire within 90 days of the closing date; or (b) in a full, sealed container with a date which is expired; (vii) all third party insurance receivables for services rendered on or before Closing Date.

Appears in 1 contract

Samples: Purchase Agreement Agreement (Horizon Pharmacies Inc)

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ASSETS NOT PURCHASED. BY BUYER Unless otherwise agreed by the parties in writing, Buyer shall not purchase the following: (i) consigned merchandise; (ii) merchandise held in layaway; (iii) merchandise which is damaged, shopworn, faded (including faded labels) or subject to visible deterioration; (iv) merchandise which, in Buyer's reasonable opinion, is unsalable because it is obsolete, its expiration date has expired or it has been discontinued by the manufacturer; (v) seasonal merchandise; or (vi) prescription merchandise more than expiring within 30 days old or prescription merchandise or over-the-counter drugs which are (a) in a partially filled container with a date which will expire within 90 days of the closing date; or (b) in a full, sealed container with a date which is expired; (vii) all third party insurance receivables for services rendered on or before Closing Date.

Appears in 1 contract

Samples: Purchase Agreement Agreement (Horizon Pharmacies Inc)

ASSETS NOT PURCHASED. BY BUYER Unless otherwise agreed by the parties in writing, Buyer shall not purchase the following: (i) consigned merchandise; (ii) merchandise held in layaway; (iii) merchandise which is damaged, shopworn, faded (including faded labels) or subject to visible deterioration; (iv) merchandise which, in Buyer's reasonable opinion, is unsalable because it is obsolete, its expiration date has expired or it has been discontinued by the manufacturer; (v) seasonal merchandise; or (vi) prescription merchandise more than expiring within 30 days old or prescription merchandise or over-the-counter drugs which are (a) in a 1 ______________ _____________ Seller Initial Buyer Initial partially filled container with a date which will expire within 90 days of the closing date; or (b) in a full, sealed container with a date which is expired; (vii) all third party insurance receivables for services rendered on or before Closing Date, (viii) all individual charge account receivable for services rendered on or before Closing Date.

Appears in 1 contract

Samples: Purchase Agreement (Horizon Pharmacies Inc)

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ASSETS NOT PURCHASED. BY BUYER Unless otherwise agreed by the parties in writing, . Buyer shall not purchase the following: ; (i) consigned merchandise; (ii) merchandise held in layaway; (iii) merchandise which is damaged, shopworn, faded (including faded labels) or subject to visible deterioration; (iv) merchandise which, in Buyer's reasonable opinion, is unsalable because it is obsolete, its expiration date has expired or it has been discontinued by the manufacturer; (v) seasonal merchandise; or (vi) prescription merchandise more than expiring within 30 days old or prescription merchandise or over-the-counter drugs which are (a) in a partially filled container with a date which will expire within 90 days of the closing date; or (b) in a full, sealed container with a date which is expired; (vii) all third party insurance BUYER INITIAL /s/ Seller Initials /s/ --------------- --------------- receivables (or services rendered on or before Closing Date, (viii) all individual charge account receivable for services rendered on or before Closing Date.

Appears in 1 contract

Samples: Purchase Agreement (Horizon Pharmacies Inc)

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