After the Closing Date. Buyer shall accept payment of all accounts receivable in the normal course of conducting the Business. Upon payment of any amounts from Delinquent Members, Buyer shall credit such payment first to the amounts owed by such Delinquent Member indicated on the Seller Receivable List, and then for Buyer's account.
Appears in 6 contracts
Samples: Asset Purchase Agreement (Town Sports International Inc), Asset Purchase Agreement (Town Sports International Inc), Asset Purchase Agreement (Town Sports International Inc)
After the Closing Date. Buyer shall accept payment of all accounts receivable in the normal course of conducting the Business. Upon payment of any amounts from Delinquent Members, Buyer shall credit such payment first to the amounts owed by such Delinquent Member indicated on the Seller Xxxxxxxxxx Receivable List, and then only upon payment in full of the amount indicated on the Xxxxxxxxxx Receivable List shall such Delinquent Member's payments be for Buyer's account.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Town Sports International Inc), Asset Purchase Agreement (Town Sports International Inc), Asset Purchase Agreement (Town Sports International Inc)