Common use of Contract Chargebacks Clause in Contracts

Contract Chargebacks. As of the Closing Date, Seller or its Affiliates shall notify all parties with purchase contracts covering the Products that said contract will terminate as to the Product in accordance with its terms which in no case shall exceed sixty (60) days. Seller shall be responsible for all costs and expenses with respect to claims under contract chargebacks for the Product for chargeback requests for Product with an invoice date prior to Closing or during a period of sixty (60) days following Closing.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Icn Pharmaceuticals Inc), Asset Purchase Agreement (Icn Pharmaceuticals Inc), Asset Purchase Agreement (Icn Pharmaceuticals Inc)

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