Common use of Use of the Purchase Price Clause in Contracts

Use of the Purchase Price. The Purchase Price shall be used as follows: (i) the payment of the outstanding Liabilities of the Company as such Liabilities may be renegotiated (other than the Closing Payments in accordance with Section 5.6);

Appears in 2 contracts

Sources: Strategic Investment Agreement (Stratus Media Group, Inc), Strategic Investment Agreement (Proelite, Inc.)