Common use of Basket of Goods Items Clause in Contracts

Basket of Goods Items. Buyer shall pay the Sellers an amount equal to the Sellers' cost for "basket of goods" items on hand in or en route to the Franchised Businesses as of the Closing Date, provided that: (i) such items are in their original, unbroken shipping containers; and (ii) the expiration date of such items is not less than three (3) months after the Closing Date. "Basket of goods" items delivered by the Sellers to students enrolled in courses that have not started as of the Closing Date shall be treated as items on hand in the Franchised Businesses, without regard to clauses (i) and (ii) above. The Sellers may retain any basket of goods items not paid for by Buyer under this Section.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Princeton Review Inc), Asset Purchase Agreement (Princeton Review Inc)

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Basket of Goods Items. Buyer shall pay the Sellers Seller an amount equal to the Sellers' Seller's cost for "basket of goods" items on hand in or en route to the Franchised Businesses Business as of the Closing Date, provided that: (i) such items are in their original, unbroken shipping containers; and (ii) the expiration date of such items is not less than three (3) months after the Closing Date. "Basket of goods" items delivered by the Sellers Seller to students enrolled in courses that have not started as of the Closing Date shall be treated as items on hand in the Franchised BusinessesBusiness, without regard to clauses (i) and (ii) above. The Sellers Seller may retain any basket of goods items not paid for by Buyer under this Section.

Appears in 1 contract

Samples: Asset Purchase Agreement (Princeton Review Inc)

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Basket of Goods Items. Buyer shall pay the Sellers Seller an amount equal to the Sellers' Seller's cost for "basket of goods" items on hand in or en route to the Franchised Businesses Business as of the Closing Effective Date, provided that: (i) such items are in their original, unbroken shipping containers; and (ii) the expiration date of such items is not less than three (3) months after the Closing Effective Date. "Basket of goods" items delivered by the Sellers Seller to students enrolled in courses that have not started as of the Closing Effective Date shall be treated as items on hand in the Franchised BusinessesBusiness, without regard to clauses (i) and (ii) above. The Sellers Seller may retain any basket of goods items not paid for by Buyer under this Section.

Appears in 1 contract

Samples: Asset Purchase Agreement (Princeton Review Inc)

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