Common use of Outstanding Accounts Clause in Contracts

Outstanding Accounts. The Parties, the Company and ADB Systems International Ltd Ireland shall - consistent with the settlement regulations attached hereto as Schedule 1 - have agreed in writing on the total amount of outstanding accounts between the Company on the one hand and the Seller and ADB Systems International Ltd in Ireland on the other hand, including any claims for Company provided services, after which the amount owing to the Company is to be set off against Seller`s claim for the Purchase Price according to Article 5.

Outstanding Accounts. The Parties, the Company and ADB Systems International Ltd Ireland Parties shall - consistent with the settlement regulations attached hereto as Schedule 1 - have agreed in writing on the total amount of outstanding accounts between the Company on the one hand and the Seller and ADB Systems International Ltd in Ltd. In Ireland on the other hand, including any claims for Company provided services, after which the amount owing to the Company is to be set off against Seller`s Sellers claim for the Purchase Price according to Article 5.