BUSINESS DEPOSITS. Any and all amounts currently on deposit for the benefit of the Business for utility services, leases, insurance, etc., are and shall remain the sole property of Seller and are not included as part of the Purchase Price. Buyer shall, as of the date of Closing, deposit such monetary amounts as is necessary to continue the operation of the Business or the Seller shall receive a credit for such deposits at Closing.
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Samples: Business Asset Purchase Agreement (BT Brands, Inc.), Letter of Intent for Asset Purchase (Himalaya Technologies, Inc), Asset Purchase Agreement (Himalaya Technologies, Inc)
BUSINESS DEPOSITS. Any and all amounts currently on deposit for the benefit of the Business for utility services, leases, insurance, etc., are and shall remain the sole property of Seller and are not included as part of the Purchase Pricethis transaction. Buyer shall, as of the date of effective with Closing, deposit such monetary amounts as is are necessary to continue the operation of the Business or the Seller shall receive a credit for such deposits at Closingdeposits.
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Samples: Asset Purchase Agreement (Epazz Inc)
BUSINESS DEPOSITS. Any and all amounts currently on deposit for the benefit of the Business for utility services, leases, insurance, etc., are and shall remain the sole property of Seller and are not included as part of the Purchase Pricethis transaction. Buyer shall, as of shall effective with the date of Closing, deposit such monetary amounts as is are necessary to continue the operation of the Business or the Seller shall receive a credit for such deposits at Closing.
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