Common use of Sums Due Clause in Contracts

Sums Due. In the event of termination or expiration of this Agreement in its entirety or with respect to any Product or Customer, and without limiting any other applicable payment rights or obligations of the Parties hereunder, a Party shall be entitled to prompt payment or reimbursement of, and the other Party shall promptly pay and reimburse such Party under this Agreement, all amounts accrued or due under this Agreement with respect to such terminated or expired Product or Customer, including any Covered Taxes, as of the date of the termination or expiration.

Sums Due. In the event of any expiration or termination or expiration of this Agreement in its entirety or with respect to Services Agreement, each Party and any Product or Customer, and without limiting any other applicable payment rights or obligations of the Parties hereunder, a entity designated by such Party shall be entitled to the prompt payment or reimbursement of, and the Party owing such amount shall immediately pay to the other Party shall promptly pay and reimburse or such Party under this Agreementdesignees, all accrued amounts accrued or due as agreed to under this Agreement with respect to such terminated or expired Product or Customer, including any Covered Taxes, as of the date of the termination expiration or expirationtermination.