Common use of Reduction of the Purchase Price Clause in Contracts

Reduction of the Purchase Price. If Seller pays any sum to Purchaser in respect of a claim under Article 10, the Purchase Price and total consideration received by Seller for the sale of the Assets shall be deemed to be reduced by the amount of such payment.

Appears in 3 contracts

Sources: Asset Sale Agreement (Southwest General Hospital Lp), Asset Sale Agreement (Province Healthcare Co), Asset Sale Agreement (Southwest General Hospital Lp)