Common use of Reduction of Consideration Clause in Contracts

Reduction of Consideration. If the Seller pays any sum to the Purchaser pursuant to a claim under this Agreement, such payment shall be treated, to the extent possible under the relevant law, as a partial reduction of the Total Consideration.

Appears in 3 contracts

Sources: Share Sale and Purchase Agreement, Ip Purchase Agreement (Vasco Data Security International Inc), Share Sale and Purchase Agreement (Vasco Data Security International Inc)