Common use of Acknowledgment and Agreement of the Seller Clause in Contracts

Acknowledgment and Agreement of the Seller. By execution below, the Seller expressly acknowledges and agrees that all of the Buyer’s right, title, and interest in, to, and under this Agreement, including, without limitation, all of the Buyer’s right title, and interest in and to some, but not all of the Purchased Assets purchased, shall be assigned by the Buyer to the Purchasers listed on Schedule 3 and by such respective Purchasers to the applicable Trustees pursuant to the related agreements set forth on Schedule 3, and the Seller consents to such assignments. Additionally, the Seller agrees to pay, or cause to be paid, directly to each Trustee any amounts payable by the Seller to the Buyer hereunder which are identified to the Seller as required to be paid by the Buyer to each such Purchaser and by such Purchaser to the applicable Trust. Any payment required to be made on or before a specified date in same-day funds may be made on the prior Business Day in next-day funds.