Common use of Write-downs Clause in Contracts

Write-downs. Except as what has been disclosed to the Purchaser, the Seller shall not write-down of the value of any inventory or write-off as uncollectible any accounts or notes receivable or any portion thereof relating to the Purchased Business;

Appears in 3 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Vecima Networks Inc.), Asset Purchase Agreement (Concurrent Computer Corp/De)