Common use of Payment of Assumed Liabilities Clause in Contracts

Payment of Assumed Liabilities. In the event that a Seller inadvertently pays or discharges, after the Closing, any Assumed Liabilities, Buyer shall reimburse the applicable Seller for the amount so paid or discharged within 30 days of being presented with written evidence of such payment or discharge.

Appears in 3 contracts

Samples: Asset Purchase Agreement (AuraSound, Inc.), Asset Purchase Agreement (AuraSound, Inc.), Asset Purchase Agreement (AuraSound, Inc.)

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Payment of Assumed Liabilities. In the event that a any Seller inadvertently pays or discharges, after the Closing, any Assumed Liabilities, the Buyer shall reimburse the applicable such Seller for the amount so paid or discharged within 30 days of being presented with written evidence of such payment or discharge.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Idexx Laboratories Inc /De)

Payment of Assumed Liabilities. In the event that a any Seller (or an Affiliate thereof) inadvertently pays or discharges, after the Closing, any Assumed Liabilities, the Buyer shall reimburse the applicable such Seller or Affiliate for the amount so paid or discharged within 30 days of being presented with written evidence of such payment or discharge.

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement (Par Technology Corp), Asset Purchase and Sale Agreement (ORBCOMM Inc.)

Payment of Assumed Liabilities. In the event that a the Seller (or an Affiliate thereof) inadvertently pays or discharges, after the Closing, any Assumed Liabilities, the Asset Buyer shall reimburse the applicable Seller or such Affiliate for the amount so paid or discharged within 30 days of three Business Days after being presented with written evidence of such payment or discharge.

Appears in 1 contract

Samples: Asset Purchase Agreement (Savient Pharmaceuticals Inc)

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Payment of Assumed Liabilities. In the event that a any Seller (or an Affiliate thereof) inadvertently pays or discharges, after the Closing, any Assumed Liabilities, Buyer the Buyers shall reimburse the applicable such Seller or Affiliate for the amount so paid or discharged within 30 days of being presented with written evidence of such payment or discharge.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Doubleclick Inc)

Payment of Assumed Liabilities. In the event that a the Seller (or an Affiliate thereof) inadvertently pays or discharges, after the Closing, any Assumed Liabilities, the Buyer shall reimburse the applicable Seller or Affiliate for the amount so paid or discharged within 30 days of being presented with written evidence of such payment or discharge.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Kellwood Co)

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