Common use of Return of Deposit Clause in Contracts

Return of Deposit. In the event that this Agreement is terminated other than a termination by the Vendor pursuant to Section 9.1(6), the Deposit shall be returned to the Purchaser. The return of the Deposit shall be the Purchaser’s sole and exclusive remedy for any termination of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

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Return of Deposit. In the event that this Agreement is terminated other than a termination by as in the Vendor pursuant to circumstances contemplated Section 9.1(69.1(7), the Deposit shall be promptly returned to the PurchaserPurchaser by the Monitor. The return of the Deposit deposit shall be the Purchaser’s sole and exclusive remedy for any termination of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

Return of Deposit. In the event that this Agreement is terminated other than a termination by the Vendor Vendors pursuant to Section 9.1(6), the Deposit shall be returned to the Purchaser. The return of the Deposit shall be the Purchaser’s sole and exclusive remedy for any termination of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

Return of Deposit. In the event that this Agreement is terminated other than a termination by the Vendor pursuant to Section 9.1(6), 8.1(6) or 8.1(7) the Deposit shall be returned to the Purchaser. The return of the Deposit shall be the Purchaser’s sole and exclusive remedy for any termination of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

Return of Deposit. In the event that If this Agreement is terminated (other than a termination by the Vendor pursuant to Seller in accordance with Section 9.1(612.1(d)), Xxxxxx shall return the Deposit to Buyer. If this Agreement is terminated in accordance with Section 12.1(d), Buyer shall forfeit the Deposit and Xxxxxx shall remit the Deposit to Seller, which shall be returned to the Purchaser. The return of the Deposit shall be the PurchaserSeller’s sole and exclusive remedy for any termination of this Agreementhereunder.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Robotic Vision Systems Inc)

Return of Deposit. In the event that this Agreement is terminated other than a termination by the Vendor pursuant to Section 9.1(6), the Deposit shall be returned to the Purchaser. The return of the Deposit shall be the Purchaser’s sole and exclusive remedy for any termination of this AgreementAgreement unless such termination results from the gross negligence or willful breach of the terms of this Agreement by the Vendor.

Appears in 1 contract

Samples: Asset Purchase Agreement

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Return of Deposit. In the event that this Agreement is terminated other than a termination by the Vendor Vendors pursuant to Section 9.1(610.1(6), the Deposit shall be returned to the Purchaser. The return of the Deposit shall be the Purchaser’s sole and exclusive remedy for any termination of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

Return of Deposit. In the event that Purchaser terminates this Agreement is terminated other than a termination by the Vendor as permitted pursuant to Section 9.1(69.1(c), the Purchase Deposit shall be returned to the Purchaser. The return of Purchase Deposit shall also be returned to Purchaser in the event the Agreement is terminated by mutual agreement pursuant to Section 9.1(a). Interest on the Purchase Deposit shall be paid out to Purchaser when the Purchaser’s sole and exclusive remedy for any termination of this AgreementPurchase Deposit is paid out.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medimmune Inc /De)

Return of Deposit. In the event that this Agreement is terminated other than by a termination by the Vendor Vendors pursuant to Section 9.1(610.1(6), the Deposit shall be returned in full to the Purchaser. The return of the Deposit shall be the Purchaser’s sole and exclusive remedy for any such termination of this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

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