Common use of Liabilities Deficiency Clause in Contracts

Liabilities Deficiency. If all such Final Financial Information is not delivered to Buyer within such thirty (30) day period following Closing, Seller and the Shareholders shall be liable to Buyer in an amount equal to $500.00 for each day after such thirty (30) day period until all such Final Financial Information is delivered to Buyer, and such liability shall constitute a Liabilities Deficiency under the provisions of paragraph 5, above.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Assets (Integrated Health Services Inc)

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Liabilities Deficiency. If all such Final Financial Information is not delivered to Buyer within such thirty forty-five (3045) day period following Closing, Seller and the Shareholders shall be liable to Buyer in an amount equal to $500.00 for each day after such thirty (30) day period until all such Final Financial Information is delivered to Buyer, and such liability shall constitute a Liabilities Deficiency under the provisions of paragraph 5, above.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Assets (Integrated Health Services Inc)

Liabilities Deficiency. If all such Final Financial Information or if any document, instrument or agreement required to be delivered in accordance with paragraph 9(a), is not delivered to Buyer within such thirty forty-five (3045) day period days following Closing, Seller and the Shareholders Shareholder shall be liable to Buyer in an amount equal to $500.00 for each day after such thirty forty-five (3045) day period until all such Final Financial Information is and such documents, instruments and agreements are delivered to Buyer, and such liability shall constitute a Liabilities Deficiency under the provisions of paragraph 5, above.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Assets (Integrated Health Services Inc)

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Liabilities Deficiency. If all such Final Financial Information is not delivered to Buyer within such thirty sixty (3060) day period following Closing, Seller and the Shareholders shall be liable to Buyer in an amount equal to $500.00 for each day after such thirty sixty (3060) day period until all such Final Financial Information is delivered to Buyer, and such liability shall constitute a Liabilities Deficiency under the provisions of paragraph 5, above.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Assets (Integrated Health Services Inc)

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