Project X Settlement Clause Samples

Project X Settlement. In the event that the aggregate amount of all Polycom Losses relating to the Project X Litigation from the Closing Date to the date that the Project X Litigation is settled and all Polycom payments and other obligations in relation to such settlement are paid in full and satisfied (such date, the “Project X Settlement Date”) is less than the Project X Indebtedness Amount (such difference, the “Project X Excess Amount”), Buyer shall pay the Project X Excess Amount to Seller within ten (10) Business Days following the Project X Settlement Date.