Common use of Use of Office Space Clause in Contracts

Use of Office Space. Each employee of Seller hired by Buyer will continue to have access to, and working from, the office space assigned to such employee in the facility of the Seller until the earlier of November 30, 1998 or the date upon which such employee is instructed by Buyer to begin working from Buyer's facility. Buyer will be allowed to use Seller's copy machine(s) and fax machine(s), provided that Buyer purchases paper and other supplies for such use. In consideration of the use of office space, Buyer agrees to pay Seller the amounts enumerated in Schedule 14.7 hereof from the Closing Date through the last date upon which any employee under Buyer's employment works from a facility of Seller.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Galagen Inc), Asset Purchase Agreement (Nutrition Medical Inc)