Common use of Disputed Liabilities Clause in Contracts

Disputed Liabilities. If a proration or adjustment to the Purchase Price is made in Buyer's favor for any liability assumed by Buyer but is in good faith being contested by Sellers as of the Closing Date, and if Buyer is relieved of this liability, Buyer shall pay to Sellers or its designee in cash (by means of wire or interbank transfer in immediately available funds) an amount equal to the portion of this liability so relieved within five (5) Business Days after the date Buyer is relieved of this liability. In the event any payment required by this Section 0 is not made by Buyer when due, Buyer shall make the payment required by this Section 0 with interest accruing from the date Buyer was relieved of such liability at a rate of ten percent (10%) per annum.

Disputed Liabilities. If a proration or adjustment to the Purchase Price is made in Buyer's favor for any liability assumed by Buyer but is in good faith being contested by Sellers Seller as of the Closing Date, and if Buyer is relieved of this liability, Buyer shall pay to Sellers Seller or its designee in cash (by means of wire or interbank transfer in immediately available funds) an amount equal to the unpaid portion of this liability so relieved within five (5) Business Days after the date Buyer is relieved of this liability. In the event any payment required by this Section 0 3.5 is not made by Buyer when due, Buyer shall make the payment required by this Section 0 3.5 with interest accruing from the date Buyer such payment was relieved of such liability due at a rate of ten percent (10the Prime Rate plus 2.5%) per annum.

Disputed Liabilities. If a proration or adjustment to the Purchase Price is made in Buyer's favor for any liability assumed by Buyer but is in good faith being contested by Sellers Seller as of the Closing Date, and if Buyer is relieved of this liability, Buyer shall pay to Sellers Seller or its designee in cash (by means of wire or interbank transfer in immediately available funds) an amount equal to the unpaid portion of this liability so relieved within five (5) Business Days after the date Buyer is relieved of this liability. In the event any payment required by this Section 0 3.5 is not made by Buyer when due, Buyer shall make the payment required by this Section 0 3.5 with interest accruing from the date Buyer such payment was relieved of such liability due at a rate of ten percent (10the Prime Rate plus 5%) per annum.

Disputed Liabilities. If a proration or adjustment to the Purchase Price is made in Buyer's favor for any liability assumed by Buyer but is in good faith being contested by Sellers Seller as of the Closing Date, and if Buyer is relieved of this liability, Buyer shall pay to Sellers Seller or its designee in cash (by means of wire or interbank transfer in immediately available funds) an amount equal to the portion of this liability so relieved within five (5) Business Days after the date Buyer is relieved of this liability. In the event any payment required by this Section 0 is not made by Buyer when due, Buyer shall make the payment required by this Section 0 with interest accruing from the date Buyer was relieved of such liability at a rate of ten percent (10%) per annum.

Disputed Liabilities. If a proration or adjustment to the Purchase Price is made in Buyer's favor for any liability assumed by Buyer but is in good faith being contested by Sellers as of the Closing Date, and if Buyer is relieved of this liability, Buyer shall pay to Sellers or its designee in cash (by means of wire or interbank transfer in immediately available funds) an amount equal to the portion of this liability so relieved within five (5) Business Days after the date Buyer is relieved of this liability. In the event any payment required by this Section 0 2.5 is not made by Buyer when due, Buyer shall make the payment required by this Section 0 2.5 with interest accruing from the date Buyer was relieved of such liability at a rate of ten percent (10%) per annum.