Common use of Payments With Respect to Purchased Assets Clause in Contracts

Payments With Respect to Purchased Assets. The Company shall promptly remit to Buyer all monies received by the Company or any of its Affiliates (other than the payments made by Buyer hereunder) following the Closing Date in payment for any Purchased Assets acquired by Buyer pursuant to this Agreement. Payments remitted to Buyer or any of its Affiliates pursuant to this Section 7.10 shall be in the form received by the Company or any of its Affiliates.

Appears in 2 contracts

Samples: Asset Purchase Agreement (NeuroMetrix, Inc.), Asset Purchase Agreement (NeuroMetrix, Inc.)

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Payments With Respect to Purchased Assets. The Company shall promptly remit to Buyer all monies received by the Company or any of its Affiliates (other than the payments made by Buyer hereunder) following the Closing Date in payment for any Purchased Assets acquired by Buyer pursuant to this AgreementAgreement (unless such payments constitute Excluded Assets). Payments remitted to Buyer or any of its Affiliates pursuant to this Section 7.10 6.6 shall be in the form received by the Company or any of its Affiliates.

Appears in 1 contract

Samples: Asset Purchase Agreement (Virtusa Corp)

Payments With Respect to Purchased Assets. The Company shall promptly remit to Buyer all monies received by the Company or any of its Affiliates (other than the payments made by Buyer hereunder) following the Closing Date in payment for any Purchased Assets (including all Assumed Contracts, with respect to services performed after the Closing Date) acquired by Buyer pursuant to this AgreementAgreement (unless such payments constitute Excluded Assets), net of the Client Payable Amount. Payments remitted to Buyer or any of its Affiliates pursuant to this Section 7.10 4.4 shall be in the form received by the Company or any of its Affiliates.

Appears in 1 contract

Samples: Asset Purchase Agreement (Virtusa Corp)

Payments With Respect to Purchased Assets. The Company Sellers shall promptly remit to Buyer all monies received by the Company any Seller or any of its their Affiliates (other than the payments made by Buyer hereunder) following the Closing Date in payment for any Purchased Assets acquired by Buyer pursuant to this Agreement. Payments remitted to Buyer or any of its Affiliates pursuant to this Section 7.10 5.09 shall be in the form received by the Company a Seller or any of its Affiliates.

Appears in 1 contract

Samples: Asset Purchase Agreement (Axeda Systems Inc)

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Payments With Respect to Purchased Assets. The Company shall promptly remit to Buyer all monies received by the Company or any of its Affiliates (other than the payments made by Buyer hereunder) following the Closing Date date hereof in payment for any Purchased Assets acquired by Buyer pursuant to this Agreement. Payments remitted to Buyer or any of its Affiliates pursuant to this Section 7.10 6.2 shall be in the form received by the Company or any of its Affiliates.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Atossa Genetics Inc)

Payments With Respect to Purchased Assets. The Company shall promptly remit to Buyer Purchaser all monies received by the Company or any of its Affiliates (other than the payments made by Buyer hereunder) following the Closing Date in payment for any Purchased Assets acquired by Buyer Purchaser pursuant to this Agreement. Payments remitted to Buyer or any of its Affiliates Purchaser pursuant to this Section 7.10 5.3 shall be in the form received by the Company or any of its Affiliates.

Appears in 1 contract

Samples: Asset Purchase Agreement (Plug Power Inc)

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