Common use of Accounts Receivable Collections Clause in Contracts

Accounts Receivable Collections. Following the Closing, the Seller shall permit the Buyer to collect, in the name of the Seller, all accounts receivable included in the Acquired Assets and to endorse with the name of the Seller for deposit in the Buyer’s account any checks or drafts received in payment thereof. The Seller shall promptly deliver to the Buyer any cash, checks or other property that the Seller may receive after the Closing in respect of any accounts receivable or other assets constituting part of the Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cardium Therapeutics, Inc.)

AutoNDA by SimpleDocs

Accounts Receivable Collections. Following the Closing, the Seller shall permit the Buyer to collect, in the name of the Seller, all accounts receivable included in the Acquired Assets and to endorse with the name of the Seller for deposit in the Buyer’s account any checks or drafts received in payment thereof. The Seller and Parent shall promptly deliver to the Buyer any cash, checks or other property that the Seller or Parent may receive after the Closing in respect of any accounts receivable or other assets constituting part of the Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cardium Therapeutics, Inc.)

Accounts Receivable Collections. Following After the Closing, the Closing Seller shall permit the permit, and hereby authorizes, Buyer to collect, in the name of the Seller, all accounts receivable included in constituting part of the Acquired Assets and to endorse with the name of the Seller for deposit in the Buyer’s 's account any checks or drafts received in payment thereof. The Seller shall promptly deliver to the Buyer any cash, checks or other property that the Seller it may receive after the Closing in respect of any accounts receivable or other assets asset constituting part of the Acquired Assets.

Appears in 1 contract

Samples: Purchase Agreement (Ha Lo Industries Inc)

Accounts Receivable Collections. Following After the Closing, the Seller Sellers shall permit the Buyer permit, and hereby authorize, Purchaser to collect, in the name of the SellerSellers, all accounts receivable included in constituting part of the Acquired Assets and to endorse with the name of the any applicable Seller for deposit in the BuyerPurchaser’s account any checks or drafts received in payment thereof. The Seller Sellers shall promptly deliver to the Buyer Purchaser any cash, checks or other property that the Seller they may receive after the Closing in respect of any accounts receivable or other assets asset constituting part of the Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rowe Companies)

Accounts Receivable Collections. Following After the Closing, the Seller Sellers shall permit the Buyer to collect, in the name of the each Seller, all accounts and notes receivable (and other rights to payments from customers of the Sellers from the operation of the Business) included in the Acquired Assets and to endorse with the name of the each Seller for deposit in the Buyer’s account any checks or drafts received in payment thereof. The Seller Sellers shall promptly deliver to the Buyer any cash, checks or other property that the either Seller may receive after the Closing in respect of any such accounts or notes receivable or other assets constituting part of the Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Artistdirect Inc)

Accounts Receivable Collections. Following After the Closing, the Seller Sellers shall permit the Buyer permit, and hereby authorize, Purchasers to collect, in the name of the SellerSellers, all accounts receivable included in constituting part of the Acquired Assets and to endorse with the name of the any applicable Seller for deposit in the Buyerany Purchaser’s account any checks or drafts received in payment thereof. The Seller Sellers shall promptly deliver to the Buyer Purchasers any cash, checks or other property that the Seller they may receive after the Closing in respect of any accounts receivable or other assets asset constituting part of the Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chesapeake Corp /Va/)

AutoNDA by SimpleDocs

Accounts Receivable Collections. Following After the Closing, the Seller Sellers shall permit the Buyer Purchaser to collect, in the name of the SellerSellers, all accounts receivable included in constituting part of the Acquired Assets and to endorse with the name of the any Seller for deposit in the Buyer’s Purchaser's account any checks or drafts received in payment thereof. The Seller Sellers shall promptly deliver to the Buyer Purchaser any cash, checks or other property that the Seller they may receive after the Closing in respect of any accounts receivable or other assets asset constituting part of the Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Childtime Learning Centers Inc)

Accounts Receivable Collections. Following After the Closing, the Seller shall permit the Buyer to collect, in the name of the Seller, Seller all accounts receivable included in the Acquired Assets and to endorse with the name of the Seller for deposit in the Buyer’s account any checks or drafts received in payment thereofAccounts Receivable. The Seller shall promptly deliver to the Buyer any cash, checks or other property that the Seller may receive after the Closing in respect of any accounts receivable Accounts Receivable or other assets constituting part of the Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alloy Inc)

Accounts Receivable Collections. Following After the Closing, the Seller Sellers shall permit the permit, and hereby authorize, Buyer to collect, in the name of the SellerSellers, all accounts receivable included in the Acquired Assets Accounts Receivable and to endorse with the name of the any Seller for deposit in the Buyer’s account any checks or drafts received in payment thereof. The Seller Sellers shall promptly deliver to the Buyer any cash, checks or other property that the Seller it may receive after the Closing in respect of any accounts receivable Accounts Receivable or other assets asset constituting part of the Acquired Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cpi Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!