Common use of Payments by Sellers Clause in Contracts

Payments by Sellers. Sellers shall (a) except for Maintenance Expenses, Freight Charges or Mileage Equalization Charges that are being contested in good faith and for which adequate reserves have been provided, pay and discharge when due all Maintenance Expenses, Freight Charges and Mileage Equalization Charges that are Excluded Liabilities, and (b) upon reasonable request by Purchaser from time to time, provide to Purchaser evidence of such payments reasonably satisfactory to Purchaser. Customer Information . On or prior to the Closing Date, Sellers shall deliver to Purchaser a schedule setting forth, to the extent such information is reasonably available to Sellers, the names and phone numbers of appropriate contact persons for each party (other than Sellers or their Affiliates) to the Assigned Contracts.

Appears in 4 contracts

Samples: Asset Purchase Agreement (PLM Equipment Growth Fund V), Asset Purchase Agreement (PLM Equipment Growth Fund Vi), Asset Purchase Agreement (PLM Equipment Growth & Income Fund Vii)

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