Common use of Single Payment Clause in Contracts

Single Payment. Metron and FSI agree that all cash payments required to be made under this Agreement shall be made solely by FSI to Metron in United States Dollars. Payment under this Article II by FSI to Metron shall constitute payment in full by FSI and the FSI Purchasing Affiliates of all amounts due and payable under this Article II, and neither FSI nor the relevant FSI Purchasing Affiliates shall have any obligations to make any payments directly to the Metron Selling Affiliates. Metron undertakes to transfer to each of the Metron Selling Affiliates such amounts of the Purchase Price to which each such Affiliate may be entitled based on its ownership or possession of Product Inventory, Spare Parts Inventory and/or Demonstration Equipment transferred pursuant to Articles III and IV.