Common use of Purchaser Responsible for Returned Items Clause in Contracts

Purchaser Responsible for Returned Items. The Purchaser agrees to pay promptly to the Seller an amount equal to the amount of any checks, drafts or withdrawal orders credited to a Transferred Account as of the Closing Date and reflected in the Settlement Statement, but which are returned to the Seller after the Closing Date.

Appears in 3 contracts

Samples: Acquisition Agreement (Community Bancshares Inc /De/), Acquisition Agreement (Community Bancshares Inc /De/), Acquisition Agreement (Community Bancshares Inc /De/)

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Purchaser Responsible for Returned Items. The Purchaser agrees to pay promptly to the Seller an amount equal to the amount of any checks, drafts or withdrawal orders credited to a Transferred Account as of the Closing Date and reflected in the Settlement StatementStatements, but which items are returned to the Seller after the Closing Date.. 194

Appears in 1 contract

Samples: Acquisition Agreement (Community Bancshares Inc /De/)

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Purchaser Responsible for Returned Items. The Purchaser agrees to pay promptly to the Seller an amount equal to the amount of any checks, drafts or withdrawal orders credited to a Transferred Account as of the Closing Date and reflected in the Settlement Statement, but date which are returned to the Seller after the Closing Datedate.

Appears in 1 contract

Samples: Acquisition Agreement (Community Bancshares Inc /De/)

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