Common use of Reimbursement to Seller Clause in Contracts

Reimbursement to Seller. Buyer shall reimburse Seller for any capital expenditures directly incurred by Seller from March 23rd until Closing related to the Properties that result from an advanced deadline of developing the Properties hereunder or the Properties purchased by Buyer under the Other Agreements; provided, that this obligation of Buyer shall not exceed the total for this property as reflected on Exhibit C, which when aggregated between the similar provision to this section in the Other Agreements shall be an aggregate cap of $35,000; provided further, that Buyer shall only be obligated to provide such reimbursement upon Seller providing Buyer with reasonably satisfactory evidence that Seller has actually incurred and paid such expenses.

Appears in 6 contracts

Samples: Asset Purchase Agreement (Aims Worldwide Inc), Asset Purchase Agreement (Aims Worldwide Inc), Asset Purchase Agreement (Aims Worldwide Inc)

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