Agency Relationship. In the event that, following the Closing Date, Seller receives any funds, documents or instruments which constitute or are delivered in respect of Assets transferred to Purchaser pursuant to this Agreement, Seller agrees to hold such funds, documents or instruments in trust for Purchaser and as Purchaser's agent therefor.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Castle Dental Centers Inc), Asset Purchase Agreement (Castle Dental Centers Inc)
Agency Relationship. In the event that, following the Closing Date, Seller receives Sellers or the Shareholders receive any funds, documents or instruments which constitute or are delivered in respect of Assets transferred to Purchaser pursuant to this Agreement, Seller agrees Sellers and the Shareholders agree to hold such funds, documents or instruments in trust for Purchaser and as Purchaser's agent therefor.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Castle Dental Centers Inc), Plan and Agreement of Reorganization (Castle Dental Centers Inc)
Agency Relationship. In the event that, following the Closing DateClosing, Seller receives any funds, documents or instruments which constitute or are delivered in respect of the Assets transferred to Purchaser Buyer pursuant to this Agreement, Seller agrees to hold such funds, documents or instruments in trust for Purchaser Buyer and as PurchaserBuyer's agent therefor.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Embassy Acquisition Corp)
