Common use of Transfers In and Out Clause in Contracts

Transfers In and Out. No Revenue or expenses resulting from acquisitions of other businesses will be included in the Earn-Out Payment calculation. No Revenue increases or reductions resulting from transfers into or out of Company’s business unit by Purchaser, or expense increases or reductions due to Purchaser’s assumption of any portion of the Company’s infrastructure will be included in the Earn- Out Payment calculation.

Appears in 3 contracts

Sources: Purchase Agreement (Banctec Inc), Purchase Agreement (Banctec Inc), Purchase Agreement (Banctec Inc)