Inventory Purchase. AI shall pay to Vysis in U.S. Dollars the net book value of the Inventory identified by AI in Schedule 3 up to Five Hundred Thousand Dollars ($500,000) within forty-five (45) days of the Closing by wire transfer. In regards to any additional Inventory identified by AI on Schedule 3 in excess of the $500,000 net book value limit (including demonstration units), AI shall make payment to Vysis within one hundred-eighty (180) days of the Closing by wire transfer.
Appears in 1 contract
Sources: Asset Purchase, License, and Distribution Agreement (Applied Imaging Corp)
Inventory Purchase. AI shall pay to Vysis in U.S. Dollars the net book value of the Inventory identified by AI in Schedule SCHEDULE 3 up to Five Hundred Thousand Dollars ($500,000) within forty-five (45) days of the Closing by wire transfer. In regards to any additional Inventory identified by AI on Schedule SCHEDULE 3 in excess of the $500,000 net book value limit (including demonstration units), AI shall make payment to Vysis within one hundred-eighty (180) days of the Closing by wire transfer.
Appears in 1 contract
Sources: Asset Purchase, License, and Distribution Agreement (Vysis Inc)