Vector Contract Sample Clauses

Vector Contract. Notwithstanding the foregoing provisions of Article II, in the case of the contract by and between Coachella Valley Mosquito & Vector Control District and Seller dated as of November 13, 2007 (the “Vector Contract”), Buyer and Seller agree that Buyer shall receive the accounts receivable and the customer deposits and shall assume the Accounts Payable directly related to the Vector Contract subject to the adjustment set forth on Schedule 2.5 hereto. The Vector Contract will be adjusted and reimbursement made to Seller or Buyer, if necessary, by calculation of the following categories as set forth on Schedule 2.5: (i) total revenue paid to Seller, (ii) total costs paid by Seller, (iii) percentage completion of installation, (iv) payment received by Seller, (v) payment of costs made by Seller, (vi) accounts receivable for Vector Contract as of the Closing Date, and (vii) Accounts Payable for the Vector Contract as of the Closing Date.