Common use of PAY AND DISPUTE Clause in Contracts

PAY AND DISPUTE. Except as provided herein, in the event of any dispute regarding payment of a third-party invoice (subject to standard verification of receipt of products or services), the Party named in a third party’s invoice must make timely payment to such third party, even if the Party named in the invoice desires to pursue the dispute resolution procedures outlined in this Section 11.1. If the Party that paid the invoice is found pursuant to this Section 11.1 to not be responsible for such payment, such paying Party shall be entitled to reimbursement, with interest accrued at an annual rate of the Prime Rate, from the Party found responsible for such payment.

Appears in 6 contracts

Samples: Asset Purchase Agreement (Bruker Corp), Purchase and Sale Agreement (Marvell Technology Group LTD), Purchase and Sale Agreement (Avago Technologies LTD)

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PAY AND DISPUTE. Except as provided hereinin this Agreement, in the event of any dispute regarding payment of a third-party invoice (subject to standard verification of receipt of products or services), the Party party named in a third party’s 's invoice must make timely payment to such third party, even if the Party party named in the invoice desires to pursue the dispute resolution procedures outlined in this Section 11.18. If the Party party that paid the invoice is found pursuant to this Section 11.1 8 to not be responsible for such payment, such paying Party party shall be entitled to reimbursement, with interest accrued at an a compound annual rate of the Prime Rate, from the Party party found responsible for such payment.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Bull Run Corp), Separation and Distribution Agreement (Gray Television Inc), Separation and Distribution Agreement (Triple Crown Media, Inc.)

PAY AND DISPUTE. Except as provided herein, in the event of any dispute regarding payment of a third-party third Person invoice (subject to standard verification of receipt of products or services), the Party named in a third partyPerson’s invoice must make timely payment to such third partyPerson, even if the Party named in the invoice desires to pursue the dispute resolution procedures outlined in this Section 11.1. If the Party that paid the invoice is found pursuant to this Section 11.1 to not be responsible for such payment, such paying Party shall be entitled to reimbursement, with interest accrued at an annual rate of the Prime Rate, from the Party found responsible for such payment.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Agilent Technologies Inc), Intellectual Property Matters Agreement (JDS Uniphase Corp /Ca/)

PAY AND DISPUTE. Except as provided herein, in the event of any dispute regarding payment of a third-third party invoice (subject to standard verification of receipt of products or services), the Party named in a third party’s invoice must make timely payment to such third party, even if the Party named in the invoice desires to pursue the dispute resolution procedures outlined in this Section 11.1. If the Party that paid the invoice is found pursuant to this Section 11.1 to not be responsible for such payment, such paying Party shall be entitled to reimbursement, with interest accrued at an annual rate of the Prime Rate, from the Party found responsible for such payment.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Avago Technologies LTD)

PAY AND DISPUTE. Except as provided herein, in the event of any dispute regarding payment of a third-third party invoice (subject to standard verification of receipt of products or services), the Party party named in a third party’s invoice must make timely payment to such third party, even if the Party party named in the invoice desires to pursue the dispute resolution procedures outlined in this Section 11.1Article VII. If the Party party that paid the invoice is found pursuant to this Section 11.1 Article VII to not be responsible for such payment, such paying Party party shall be entitled to reimbursement, with interest accrued at an annual rate of the Prime Rate, from the Party party found responsible for such payment.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Avago Technologies LTD)

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PAY AND DISPUTE. Except as provided herein, in the event of any dispute regarding payment of a third-party invoice (subject to standard verification of receipt of products or services), the Party named in a third partyPerson’s invoice must make timely payment to such third partyPerson, even if the Party named in the invoice desires to pursue the dispute resolution procedures outlined in this Section 11.1. If the Party that paid the invoice is found pursuant to this Section 11.1 to not be responsible for such payment, such paying Party shall be entitled to reimbursement, with interest accrued at an annual rate of the Prime Rate, from the Party found responsible for such payment.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ixia)

PAY AND DISPUTE. Except as provided herein, in the event of any dispute regarding payment of a third-party invoice (subject to standard verification of receipt of products or services), the Party party named in a third party’s 's invoice must make timely payment to such third party, even if the Party party named in the invoice desires to pursue the dispute resolution procedures outlined in this Section 11.1. If the Party party that paid the invoice is found pursuant to this Section 11.1 to not be responsible for such payment, such paying Party party shall be entitled to reimbursement, with interest accrued at an a compound annual rate of the Prime RateRate plus 2%, from the Party party found responsible for such payment.

Appears in 1 contract

Samples: Patent Ownership and License Agreement (Agilent Technologies Inc)

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