SELLER'S RIGHT TO PAY. In the event Buyer failed to make any payment of taxes, assessments, or other charges that Buyer is required to pay to third parties under this Agreement, Seller shall have the right, but not the obligation, to pay the same. Buyer will reimburse Seller for any such payment immediately upon Seller's demand. Any such payment by Seller shall not constitute a waiver by Seller of any remedy available by reason of Buyer's default for failure to make the payments.
Appears in 1 contract
Samples: Agreement for Sale and Purchase of Assets (Choicetel Communications Inc /Mn/)
SELLER'S RIGHT TO PAY. In the event Buyer failed Purchaser fails to make any payment of taxes, assessments, or other charges that Buyer Purchaser is required to pay to third parties under this Agreement, Seller shall have the right, but not the obligation, to pay the same. Buyer Purchaser will reimburse Seller for any such payment immediately upon Seller's demand. Any such payment by Seller shall not constitute a waiver by Seller of any remedy available by reason of BuyerPurchaser's default for failure to make the payments.
Appears in 1 contract
Samples: Sale/Purchase of Assets Agreement (Pelican Properties International Corp)
SELLER'S RIGHT TO PAY. In the event Buyer failed fails to make any payment of taxes, assessments, insurance premiums, or other charges that Buyer is required to pay to third parties under this Agreement, Seller shall have the right, but not the obligation, to pay the same. Buyer will reimburse Seller for any such payment immediately upon Seller's demand. Any such payment by Seller shall not constitute a waiver by Seller of any remedy available by reason of Buyer's default for failure to make the payments.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Pacific Rehabilitation & Sports Medicine Inc)
SELLER'S RIGHT TO PAY. In the event Buyer failed fails to make any payment of taxes, assessments, or other charges that Buyer is required to pay to third parties under this Agreement, Seller shall have the right, but not the obligation, to pay the same. Buyer will reimburse Seller for any such payment immediately upon Seller's demand. Any such payment by Seller shall not constitute a waiver by Seller of any remedy available by reason of Buyer's default for failure to make the payments.
Appears in 1 contract
Samples: Sale and Purchase Agreement (Choicetel Communications Inc /Mn/)
