Deposits and Prepayments Sample Clauses
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Deposits and Prepayments. Subject to the adjustment and proration of items as of the Closing as contemplated by Section 2.6.4 and Section 2.7, all advance payments, prepayments, prepaid expenses, deposits and other similar payments made by or on behalf of the Seller to the extent related to the Assets and the Business and existing as of the Closing (collectively, “Prepayments”), including those Prepayments listed by category and approximate amount on Schedule 2.1.11 as of the close of the most recent fiscal quarter ended at least one month prior to the date of this Agreement. Prior to the Closing, the amount of the Prepayments set forth on Schedule 2.1.11 shall be updated by the Seller as of two (2) Business Days prior to the scheduled Closing Date.
Deposits and Prepayments. Such adjustment shall be equal to the amount of excess, and shall be paid to either Seller, in cash, if the excess increases the Initial Purchase Price or Buyer, in cash, if the excess decreases the Initial Purchase Price, as applicable as part of the Initial Purchase Price within ninety (90) days following the Closing Date (the "PURCHASE PRICE ADJUSTMENT"). Buyer shall return, assign, transfer, convey and deliver to Seller and any all such Accounts Receivable which have not been collected in full by Buyer as of the day that is ninety (90) days following the Closing Date, and Buyer shall relinquish all of its rights with respect to such Accounts Receivable, provided that if such Account Receivable was included in the Closing Date Statement (defined below) then such Account Receivable was not included in the True-Up Statement. Seller shall have the sole right to any amounts collected by Seller with respect to such Accounts Receivable returned to Seller by Buyer.
Deposits and Prepayments. On and with effect from the Delivery Date, the Seller hereby cedes to the Purchaser all of its rights, title and interest in and to the Deposits and Prepayments, which cession the Purchaser hereby accepts.
Deposits and Prepayments. Sellers have not received any payments or deposits from Customers for products relating to the Products not yet shipped by Sellers to such Customers.
Deposits and Prepayments. Buyer shall agree to honor all deposits and prepayments, issued or held by Seller prior to the Date of Closing; provided, however, that all deposits and prepayments issued or held shall be paid to Buyer by Seller at Closing. Buyer shall also agree to honor all prepaid advertising agreements issued to or held by Seller prior to the Date of Closing.
Deposits and Prepayments. SELLER shall be entitled to receive an amount equal to all deposits and prepayments relating to the BUSINESS transferred to BUYER at the CLOSING which are held by depositees and third parties for the benefit of BUYER following the CLOSING. Notwithstanding the foregoing, the deposit paid under the Real Property Lease for the Boston Location shall be handled in the manner as provided for in Section 7.03. A listing of all deposits and prepayments which may be applicable to the CLOSINGS provided for hereunder is set forth on Schedule 6.02.
Deposits and Prepayments. Subject to the adjustment and proration of items as of the Closing as contemplated by Sections 2.6.3.1 and 2.7, all of the Sellers’ and their Affiliates’ right, title and interest in and to advance payments, prepayments, prepaid expenses, deposits and other similar payments made by the Sellers or their Affiliates to the extent they are Related to the Assets or the Business and exist as of the Closing (collectively, “Prepayments”), including those Prepayments listed by category and approximate amount on Schedule 2.1.11 as of the close of the most recent fiscal quarter ended at least one month prior to the date of this Agreement. Prior to the Closing, the amount of the Prepayments set forth on Schedule 2.1.11 shall be updated by the Sellers as of two (2) Business Days prior to the scheduled Closing Date. The Prepayments shall not include any guaranties, letters of credit, bonds, security deposits, and other surety obligations required to be replaced by the Buyer pursuant to Section 6.12.
Deposits and Prepayments. Attached hereto as Section 3.22 of the Seller Disclosure Schedule is a complete and accurate list of all amounts received by Acuitrek from customers for which work has not yet been performed along with estimated uses of such amounts.
Deposits and Prepayments. All of CSIL's rights and interests in and to the amount of any and all deposits and prepayments made to CSIL with respect to the Customer Contracts and CSIL's rights of offset with respect to such contracts as of the date of Closing;