Common use of Received by Purchaser Clause in Contracts

Received by Purchaser. After the Closing, if Purchaser receives (i) any refund or other amount which is an Excluded Asset or is otherwise properly due and owing to Seller or any Selling Affiliate in accordance with the terms of this Agreement, or (ii) any refund or other amount which is related to claims or other matters for which Seller or any Selling Affiliate is responsible hereunder, and which amount is not an Acquired Asset, or is otherwise properly due and owing to Seller or any Selling Affiliate in accordance with the terms of this Agreement, Purchaser promptly shall remit, or shall cause to be remitted, such amount to Seller at the address set forth on Section 12.06.

Appears in 3 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Seattle Genetics Inc /Wa), Asset Purchase Agreement (Seattle Genetics Inc /Wa)