Common use of Return of Purchased Assets Clause in Contracts

Return of Purchased Assets. If, for any reason after the Closing, any of the Purchased Assets are ultimately determined to be Excluded Assets or Retained Liabilities, respectively, (i) Purchaser shall transfer and convey (without further consideration) to Seller, and Seller shall accept, such assets; (ii) Seller shall assume, and agree to pay, perform, fulfill and discharge (without further consideration) such liabilities; and (iii) Purchaser and Seller shall execute such documents or instruments of conveyance or assumption and take such further acts which are reasonably necessary or desirable to effect the transfer of such assets back to Seller and the re-assumption of such liabilities by Seller.

Return of Purchased Assets. If, for any reason after the Closing, any of the Purchased Assets or Assumed Liabilities are ultimately determined to be Excluded Assets or Retained Excluded Liabilities, respectively, (ia) Purchaser shall transfer and convey (without further consideration) to Seller, and Seller shall accept, such assets; Purchased Assets, (iib) Seller shall assume, and agree to pay, perform, fulfill and discharge (without further consideration) such liabilities; Assumed Liabilities, and (iiic) Purchaser and Seller shall execute such documents or instruments of conveyance or assumption and take such further acts which are reasonably necessary or desirable to effect the transfer of such assets Purchased Assets back to Seller and the re-assumption of such liabilities Assumed Liabilities by Seller.

Return of Purchased Assets. If, for any reason after the Closing, the parties determine that any of the Purchased Assets or Assumed Liabilities are ultimately determined to be Excluded Assets or Retained Excluded Liabilities, respectively, (ia) Purchaser shall transfer and convey (without further consideration) to Seller, and Seller shall accept, such assetsPurchased Assets; (iib) Seller shall assume, and agree to pay, perform, fulfill and discharge (without further consideration) such liabilitiesAssumed Liabilities; and (iiic) Purchaser and Seller shall execute such documents or instruments of conveyance or assumption and take such further acts which are reasonably necessary or desirable to effect the transfer of such assets Purchased Assets back to Seller and the re-assumption of such liabilities Assumed Liabilities by Seller.