Deferred Maintenance Schedule definition

Deferred Maintenance Schedule means a schedule listing, as of the Closing Date, the unexpired portion of all maintenance contracts between any of the Sellers and any customer setting out the customer name, date of agreement, date of expiry, original maintenance fee paid, number of months between the Closing Date and the date of expiry and calculation of the unexpired portion. Asset Purchase Agreement 3
View Source

Examples of Deferred Maintenance Schedule in a sentence

  • If the Deferred Maintenance Schedule Payment cannot be calculated by the Sellers at Closing, on the same date as settlement regarding the Final Working Capital under Section 2.5(f), the Sellers and Principals shall pay the Deferred Maintenance Schedule Payment to FTI and the Buyers by wire transfer of immediately available funds to an account designated in writing by FTI or a Buyer.

  • Within 30 days after the Closing Date, FTI and the Buyers shall render to RUT a tax invoice regarding the Deferred Maintenance Schedule Payment.

  • At Closing, if the Sellers can determine the amount of the Deferred Maintenance Schedule Payment, FTI and the Buyers will pay the Cash Payment less the Deferred Maintenance Schedule Payment.

  • On and after the Closing Date, FTI and the Buyers shall be entitled to receive from the Sellers and the Principals an amount equal to the unexpired portion of the maintenance contracts as set out in the Deferred Maintenance Schedule (the “Deferred Maintenance Schedule Payment”).

  • Asset Purchase Agreement 42 Section 5.15 Deferred Maintenance Schedule Payment.

  • The Borrower shall deposit with the Agent 125% of the total amount set forth on the Deferred Maintenance Schedule into the Deferred Maintenance Account on the date hereof.