Common use of Contract Advances Clause in Contracts

Contract Advances. Any liability or credit of or owing from Seller and its Subsidiaries for deposits, prepayments or advances paid to Seller or its Subsidiaries prior to the Closing Date with respect to Contracts ("Contract Advances").

Appears in 2 contracts

Sources: Asset Purchase Agreement (Varian Associates Inc /De/), Asset Purchase Agreement (Novellus Systems Inc)