Common use of Contractual Overpayments Clause in Contracts

Contractual Overpayments. If, at any time in the two-year period following the Closing, Purchaser or any of its Affiliates receives a refund amount or a reduction in an amount payable from a vendor that relates to a contractual overpayment under any of the Assigned Contracts by Seller or its Affiliates prior to the Closing, Purchaser shall promptly pay to Seller an amount equal to the amount of such refund or reduction.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Stoneridge Inc), Purchase Agreement (National City Corp)

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Contractual Overpayments. If, at any time in the two-year period following the Closing, Purchaser or any of its Affiliates receives a refund amount or a reduction in an amount payable from a vendor that relates to a contractual overpayment under any of the Assigned Contracts by Seller or its Affiliates prior to the Closing, Purchaser shall will promptly pay to Seller an amount equal to the amount of such refund or reduction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Diebold Inc)

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Contractual Overpayments. If, at any time in the two-year period following the Closing, Purchaser or any of its Affiliates receives a refund amount or a reduction in an amount payable from a vendor that relates to a contractual overpayment under any of the Assigned Contracts by Seller or its Affiliates prior to the Closing, Purchaser shall promptly pay to Seller an amount equal to the amount of such refund or reduction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Polyone Corp)

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