Common use of Payments Received Clause in Contracts

Payments Received. Sellers, on the one hand, and Buyer, on the other hand, each agree that, after the Closing, each will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other and will account to the other for all such receipts.

Appears in 9 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Camping World Holdings, Inc.), Asset Purchase Agreement (Quicksilver Resources Inc)

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Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, each Purchaser agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other party, including without limitation any insurance proceeds, and will account to the other for all such receipts.

Appears in 4 contracts

Samples: Industrial Lease Agreement (Adams Laboratories, Inc.), Escrow Agreement (Adams Respiratory Therapeutics, Inc.), Industrial Lease Agreement (Adams Respiratory Therapeutics, Inc.)

Payments Received. Sellers, on the one hand, and Buyer, on the other hand, each agree that, after After the Closing, each will of Seller and Buyer shall hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best commercially reasonable efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other party, and will shall account to the other for all such receipts.

Appears in 2 contracts

Samples: Asset Purchase Agreement (CF Industries Holdings, Inc.), Asset Purchase Agreement (Mosaic Co)

Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, Purchaser each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other party, including without limitation any insurance proceeds, and will account to the other for all such receipts.

Appears in 2 contracts

Samples: Assets Purchase Agreement (Minnesota Mining & Manufacturing Co), Asset Purchase Agreement (Microtel International Inc)

Payments Received. Sellers, on the one hand, and Buyer, on the other hand, each agree that, after the Closing, each will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other in accordance with the terms of this Agreement and will account to the other for all such receipts.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sears Holdings Corp), Asset Purchase Agreement (Esl Partners, L.P.)

Payments Received. Sellers, on the one hand, and Buyer, on the other hand, each agree that, after After the Closing, each will the Seller and Buyer shall hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such the checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other party, including any insurance proceeds, and will shall account to the other for all such of the receipts.

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement (Land O Lakes Inc), Asset Purchase and Sale Agreement (Golden Oval Eggs LLC)

Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, Purchaser each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other party, including without limitation, any insurance proceeds, and will account to the other for all such receipts.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Nord Resources Corp), Asset Purchase Agreement (Nord Resources Corp)

Payments Received. Sellers, on the one hand, and Buyer, on the other hand, each agree that, after the Closing, each will hold and will promptly transfer and deliver to the otherother (with deliveries by Buyer to be made to Seller Agent on behalf of Sellers), from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other and will account to the other for all such receipts.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Green Plains Renewable Energy, Inc.), Membership Interest Purchase Agreement (Green Plains Renewable Energy, Inc.)

Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, Buyer each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other party, including without limitation any insurance proceeds, and will account to the other for all such receipts.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Marvel Entertainment Group Inc), Asset and Business Purchase Agreement (Cdknet Com Inc)

Payments Received. Sellers, on the one hand, and Buyer, on the other hand, each agree that, after the Closing, each will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best commercially reasonable efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Walter Energy, Inc.)

Payments Received. Sellers, on the one hand, and Buyer, on the other hand, each agree that, after the Closing, each will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other pursuant to the terms of this Agreement and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emerald Oil, Inc.)

Payments Received. Sellers, on the one hand, Sellers and Buyer, on the other hand, Purchaser each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, direct deposits, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other party, including without limitation any accounts receivable and insurance proceeds, and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Adams Resources & Energy, Inc.)

Payments Received. SellersSeller, on the one hand, and Buyer, on the other hand, each agree that, after the Closing, each will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement

Payments Received. Sellers, on The Sellers and the one hand, and Buyer, on the other hand, Purchaser each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by themthem or their respective Subsidiaries, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other party hereto or its Subsidiaries and will account to the other for all such receipts.

Appears in 1 contract

Samples: Acquisition Agreement (Savient Pharmaceuticals Inc)

Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, Buyer each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) ), or other property that they may receive have received on or after the Closing which that properly belongs to the other party, including without limitation any insurance proceeds, and will account to the other for all such receipts.

Appears in 1 contract

Samples: Stock Purchase Agreement (Digital Transmission Systems Inc \De\)

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Payments Received. SellersSeller, on the one hand, and Buyer, on the other hand, each agree that, after the Closing, each will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which and that properly belongs to the other and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement

Payments Received. SellersSellers and their Affiliates, on the one hand, and Buyer, on the other hand, each agree that, after the Closing, each will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Verasun Energy Corp)

Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, Purchaser each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other party and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Powersecure International, Inc.)

Payments Received. SellersSeller and its Affiliates, on the one hand, and Buyer, on the other hand, each agree that, after the Closing, each will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Soy Energy, LLC)

Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, Buyer each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements endorsement (using their best efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other party, including without limitation any insurance proceeds, and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Packetport Com)

Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, each Buyer agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by either of them, any cash, checks with appropriate endorsements (using their best reasonable efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other and will account to the other for all such receiptsparty.

Appears in 1 contract

Samples: Asset Purchase Agreement (NCH Corp)

Payments Received. Sellers, on The Sellers and the one hand, and Buyer, on the other hand, each Buyer agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) ), or other property that they it may receive on or after the Closing which properly belongs to the other and will account to the other for all such receiptsparty.

Appears in 1 contract

Samples: Asset Purchase Agreement (Seracare Inc)

Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, Buyer each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) or other property that they may receive on or after the Closing which properly belongs to the other party, and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Maxxim Medical Inc)

Payments Received. Sellers, on the one hand, Seller and Buyer, on the other hand, Buyer each agree that, that after the Closing, each Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash) ), or other property that they may receive on or after the Closing which properly belongs to the other and will account to the other for all such receipts.to

Appears in 1 contract

Samples: Asset and Business Purchase Agreement (Nytest Environmental Inc)

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