Accruals and Deferrals Clause Samples

Accruals and Deferrals. 6.1 Income and Expenditure from Assets and Liabilities -------------------------------------------------- The Parties agree that the income and expenditure that arise from the Assets and/or Liabilities will be for the account of UPC as from the Closing in the sense that: (i) Combivisie will receive all proceeds and bear all costs that arise from the Assets and/or Liabilities during the period up to and including the Closing; and (ii) UPC will receive all proceeds and bear all costs that arise from the Assets and/or Liabilities after the Closing.