Common use of Certain Bank Accounts Clause in Contracts

Certain Bank Accounts. Parent will duly execute and deliver to Delphi, the Novation Letter in the form attached hereto as Exhibit 9.22 in order to transfer certain lock box bank accounts at XX Xxxxxx Xxxxx Bank, N.A. to Buyers (the “Transferred Account(s)”) with an effective date as of the Closing Date. On or before the Closing Date, Delphi will counter-sign such Novation Letter and deliver the same to XX Xxxxxx Chase Bank, N.A. In the event any Party receives any payments which are not included among such Party’s Acquired Assets, such receiving Party will remit such payment to the appropriate other party within five (5) Business Days of receipt.

Certain Bank Accounts. Parent will duly execute and deliver to DelphiDelphi Corporation, the Novation Letter in the form attached hereto as Exhibit 9.22 in order to transfer certain lock box bank accounts at XX X.X. Xxxxxx Xxxxx BankXxxxx, N.A. to Buyers (the “Transferred Account(s)”) with an effective date as of the Closing Date. On or before the Closing Date, Delphi will counter-sign such Novation Letter and deliver the same to XX X.X. Xxxxxx Chase BankChase, N.A. In the event any Party receives any payments which are not included among such Party’s Acquired Assets, such receiving Party will remit such payment to the appropriate other party within five (5) Business Days of receipt.

Certain Bank Accounts. Parent will duly execute and deliver to DelphiDelphi Corporation, the Novation Letter in the form attached hereto as Exhibit 9.22 in order to transfer certain lock box bank accounts at XX X.X. Xxxxxx Xxxxx BankChase, N.A. to Buyers (the “Transferred Account(s)”) with an effective date as of the Closing Date. On or before the Closing Date, Delphi will counter-sign such Novation Letter and deliver the same to XX X.X. Xxxxxx Chase BankXxxxx, N.A. In the event any Party receives any payments which are not included among such Party’s Acquired Assets, such receiving Party will remit such payment to the appropriate other party within five (5) Business Days of receipt.