Capitalized Leases. Following the Closing, if the Assumed Liabilities include more than $25,000 of principal and accrued interest resulting from capitalized leases primarily for the benefit of the Other Business, Seller will, upon written request from Buyer within 180 days following the Closing (such request to contain information in reasonable detail as to the basis for such request), promptly reimburse Buyer for the amount of such excess over $25,000.
Appears in 2 contracts
Samples: Stock and Asset Purchase Agreement (McClatchy Co), Stock and Asset Purchase Agreement (Medianews Group Inc)
Capitalized Leases. Following the Closing, if the Assumed Liabilities include more than $25,000 75,000 of principal and accrued interest resulting from capitalized leases primarily for the benefit of the Other Bay Area Business, Seller will, upon written request from Buyer within 180 days following the Closing (such request to contain information in reasonable detail as to the basis for such request), promptly reimburse Buyer for the amount of such excess over $25,00075,000.
Appears in 2 contracts
Samples: Stock and Asset Purchase Agreement (McClatchy Co), Stock and Asset Purchase Agreement (Medianews Group Inc)