Common use of Payment for Inventory Clause in Contracts

Payment for Inventory. The Company and Purchaser acknowledge and agree that the Company is assigning to Purchaser, in connection with the Closing, the Company's inventory of Products. The Company agrees to account and pay for such inventory in accordance with the procedure set forth on Exhibit E.

Appears in 1 contract

Sources: Asset Purchase Agreement (Viking Systems Inc)

Payment for Inventory. The Company and Purchaser acknowledge and agree that the Company is assigning consigning to Purchaser, in connection with the Closing, the Company's ’s inventory of Products. The Company agrees to account and pay for such inventory in accordance with the procedure set forth on Exhibit E.

Appears in 1 contract

Sources: Asset Purchase Agreement (Vista Medical Technologies Inc)