Increase of Assignment Clause Samples

Increase of Assignment. Price In the case that FM Electronics-Holding GmbH or a legal successor resells the Subject Matter or sells Ruwido’s business under an asset deal within a period of 24 month after signing of this Agreement, the assignment price to be paid by FM Electronics-Holding GmbH is increased for 50 % of the difference between the agreed assignment price of US$ 100.000,00 (in words US Dollar one hundred thousand) and the surplus amount; this part of the surplus amount has to be paid to the Seller within 4 weeks after Buyers receipt of the surplus amount. In case of default with the payment for more than 3 bank days FM Electronics-Holding GmbH is liable to pay interests of 3 % exceeding the 3 month EURIBOR per year, minimum 8 % per year on the outstanding amount. Additionally FM Electronics-Holding GmbH or a legal successor is obliged to present all documents on the further share or asset deal that take place within the above mentioned 24 month period to the Seller .