Common use of Reduction of Consideration Clause in Contracts

Reduction of Consideration. If any payment is made by the Seller to the Purchaser in respect of any claims for any breach of this Agreement, the payment will (so far as possible) be deemed to be a reduction of the Consideration paid by the Purchaser.

Appears in 2 contracts

Samples: Share Purchase Agreement (Aerkomm Inc.), Share Purchase Agreement

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Reduction of Consideration. If any payment is made by or on behalf of the Seller to the Purchaser under or in respect of any claims for any breach of any provision of this Agreement (including under Clause 8.2) or under the Indemnification Agreement, the payment will (shall, so far as possible) , be deemed to be treated as a reduction of in the Consideration, and the Consideration paid shall accordingly be reduced by the Purchaseramount of such payment.

Appears in 2 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement (TerraForm Power, Inc.)

Reduction of Consideration. If any payment is to be made by the Seller to the Purchaser in respect of any claims for Seller Claim, claim under the Warranty Deed or any breach of this Agreementclaim under Clause 7, the payment will (so far as possible) shall be made by way of adjustment of the Consideration, which shall be deemed to be a reduction of the Consideration paid have been reduced by the Purchaseramount of such payment.

Appears in 1 contract

Samples: Share Purchase Agreement (Evolving Systems Inc)

Reduction of Consideration. If any payment is made by the Seller to the Purchaser in respect of any claims claim for any breach of this Agreement or pursuant to an indemnity under this Agreement, to the extent permitted by applicable law, the payment will (so far as possible) shall be made by way of adjustment of the Adjusted Purchase Price and the Adjusted Purchase Price shall be deemed to be a reduction of the Consideration paid have been reduced by the Purchaseramount of such payment.

Appears in 1 contract

Samples: Business Quota Sale and Purchase Agreement (Hungarian Telephone & Cable Corp)

Reduction of Consideration. If any payment is made by any of the Seller Sellers to the Purchaser in respect of any claims for any breach of this Agreement or pursuant to an indemnity, warranty or covenant to pay under this Agreement (or any agreement entered into under this Agreement), the payment will (so far as possible) shall, if and to the extent permitted by law, be deemed made by way of a reduction to be the Consideration and/or of a reduction of payments under the Consideration paid by the PurchaserNSR Royalty or portions thereof.

Appears in 1 contract

Samples: Share Purchase Agreement

Reduction of Consideration. If any payment is made by the Seller to the Purchaser in respect of any claims claim for any breach of this Agreement (or any agreement entered into under this Agreement), the payment will (so far as possible) shall be made by way of adjustment of the consideration paid by the Purchaser for the Shares under this Agreement and the consideration shall be deemed to be a reduction of the Consideration paid have been reduced by the Purchaseramount of such payment.

Appears in 1 contract

Samples: Share Purchase Agreement (Millicom International Cellular Sa)

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Reduction of Consideration. If any payment is made by the Seller to the Purchaser in respect of any claims claim for any breach of this Agreement (or any agreement entered into under this Agreement), the payment will (so far as possible) shall be made by way of a deemed adjustment of the consideration paid by the Purchaser under this Agreement and the consideration shall be deemed to be a reduction have been reduced by the amount of such payment provided that nothing herein contained shall in any way prejudice the obligation of the Consideration paid by Purchaser to pay the Purchaserconsideration in accordance with Clause 3.1.

Appears in 1 contract

Samples: Share Purchase Agreement (CAESARS ENTERTAINMENT Corp)

Reduction of Consideration. If any payment is made due by the Seller Vendor to the Purchaser in respect of any claims for claim against the Vendor under this Agreement (including without limitation any breach of this AgreementWarranty Claim), the payment will (so far as possible) shall be made by way of adjustment of the consideration paid by the Purchaser for the Shares under this Agreement and the consideration shall be deemed to be a reduction of the Consideration paid have been reduced by the Purchaseramount of such payment.

Appears in 1 contract

Samples: Agreement for the Sale and Purchase of Shares (Geotek Communications Inc)

Reduction of Consideration. If any payment is to be made by the any Seller to the Purchaser in respect of any claims claim for any breach of this Agreement, the payment will (so far as possible) shall be made by way of adjustment of the consideration paid by the Purchaser for the Shares under this Agreement, which shall be deemed to be a reduction of the Consideration paid have been reduced by the Purchaseramount of such payment.

Appears in 1 contract

Samples: Share Purchase Agreement (Sensata Technologies Holding N.V.)

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