Common use of Reduction of Consideration Clause in Contracts

Reduction of Consideration. If any payment is made by the Seller to the Purchaser in respect of any claims for any breach of this Agreement, the payment will (so far as possible) be deemed to be a reduction of the Consideration paid by the Purchaser.

Appears in 2 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement (Aerkomm Inc.)

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Reduction of Consideration. If any payment is made by the Seller pays any sum to the Purchaser in respect of any claims for any breach of pursuant to a claim under this Agreement, such payment shall be treated, to the payment will (so far extent possible under the relevant law, as possible) be deemed to be a partial reduction of the Consideration paid by the PurchaserTotal Consideration.

Appears in 2 contracts

Samples: Ip Purchase Agreement (Vasco Data Security International Inc), Share Sale and Purchase Agreement (Vasco Data Security International Inc)

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