Common use of Claims and Adjustments Clause in Contracts

Claims and Adjustments. All liabilities and obligations relating to or in respect of (a) return of merchandise sold by the Business on or prior to the Closing Date or (b) offset payments with respect to sales after the Closing Date against claims on merchandise sold on or prior to the Closing Date, in each case by reason of alleged overshipments, defective merchandise, missed delivery dates, incorrect quantities or otherwise, or with respect to merchandise in the hands of customers under an understanding that such merchandise would be returnable.

Claims and Adjustments. All Any and all Claims, liabilities and obligations of Seller relating to or in respect of (a) return of merchandise sold by the Business on or prior to the Closing Date or (b) offset payments with respect to sales after the Closing Date against claims on merchandise sold on or prior to the Closing Date, in each case by reason of alleged overshipments, defective merchandise, missed delivery dates, incorrect quantities or otherwise, or with respect to merchandise in the hands of customers under an understanding that such merchandise would be returnable.

Claims and Adjustments. All liabilities and obligations relating to or in respect of (a) return of merchandise sold by the Business on or prior to the Closing Date or (b) offset payments with respect to sales after the Closing Date against claims on merchandise sold on or prior to the Closing Date, in each case by reason of alleged overshipments, defective merchandise, missed delivery dates, incorrect quantities or otherwise, or with respect to merchandise in the hands of customers under an understanding that such merchandise would be returnable.

Claims and Adjustments. All liabilities and obligations relating to or in respect of (a) return of merchandise sold by the Business on or prior to the Closing Date or (b) offset payments with respect to sales on or after the Closing Date against claims on merchandise sold on or by the Business prior to the Closing Date, in each case by reason of alleged overshipments, defective merchandise, missed delivery dates, incorrect quantities or otherwise, or with respect to merchandise in the hands of customers under an understanding that such merchandise would be returnable.