Change of Lockbox Accounts. 13 Section 7.06 Access to Information; Cooperation After Closing . . 13 Section 7.07
Change of Lockbox Accounts. Immediately after the Closing, LM shall take, and shall cause each of its Subsidiaries to take, such steps as the Company may reasonably request, to cause the Company or any other Person, as determined by the Company, to be substituted as the sole party having control over any lockbox or similar bank account to which customers of LM or any of its Subsidiaries directly make payments related to the Businesses.
Change of Lockbox Accounts. Immediately after the Closing, Lockheed Xxxxxx shall take such steps as Newco may reasonably request to cause Newco to be substituted as the sole party having control over any lockbox or similar bank account maintained exclusively by the Business Units to which customers of the Business directly make payments in respect of the Business or to direct the bank at which any such lockbox or similar account is maintained to transfer any payments made thereto to an account established by Newco.
Change of Lockbox Accounts. The Seller shall take such steps as Buyer may reasonably request to cause Buyer, effective as of the Closing Date, to be substituted as the sole party having control over any lockbox to which customers of the Seller make payments, and to transfer to Buyer, effective as of the Closing Date, the bank accounts associated with such lockboxes, as well as other bank accounts specified by Buyer which are disbursement accounts.
Change of Lockbox Accounts. Immediately after the Closing, Seller shall take such steps as Buyer may reasonably request to cause Buyer to be substituted as the sole party having control over any lockbox or similar bank account maintained exclusively by the HPG Business to which customers of the HPG Business directly make payments in respect of the HPG Business or to direct the bank at which any such lockbox or similar account is maintained to transfer any payments made thereto to an account established by Buyer.
Change of Lockbox Accounts. Prior to or immediately after the Closing, Parent shall take such steps as Buyer may reasonably request to cause TTSI to be substituted as the sole party having control over any lockbox or similar bank account maintained exclusively by the TTS Business to which customers of the TTS Business directly make payments in respect of the TTS Business or to direct the bank at which any such lockbox or similar account is maintained to transfer any payments made thereto to an account established by TTSI. To the extent that TTSI is not substituted as the sole party having control over any such lockbox account prior to Closing, Parent or the applicable Seller Company shall pay to TTSI any amount paid to such account following the Closing with respect to any account receivable constituting part of the Contributed Assets.
Change of Lockbox Accounts. Immediately after the Closing, the Seller shall cause Purchaser to be substituted as the sole party having control over any lockbox or bank accounts maintained exclusively by the Business to which customers of the Seller directly make payments in respect of the Business or to direct the bank at which any such lockbox or similar account is maintained to transfer any payments made thereto to an account established by Purchaser.
Change of Lockbox Accounts. Promptly after the date of this Agreement, Seller shall establish or cause to be established separate lockboxes or similar bank accounts to which customers of Seller or any of its Subsidiaries directly make payments related to the Transferred Assets ("Business Lockboxes"). Promptly after the date of this Agreement, Seller shall instruct all account debtors and other Persons obligated in respect of any of its accounts receivable to make all payments in respect of such accounts, and shall use its reasonable efforts to cause such account debtors and other Persons to remit such payments, directly to the Business Lockboxes. Immediately after the Closing, Seller shall take, and will cause each of its Subsidiaries to take, such steps as Buyer or the Partnership may reasonably request to cause any Buyer Entity or any other Person, as determined by Buyer, to be substituted as the sole party having control over any Business Lockbox.
Change of Lockbox Accounts. 13 Section 5.04 Access to Information; Cooperation After Closing.............. 13 Section 5.05 Maintenance of Insurance Policies............................. 14
Change of Lockbox Accounts. Immediately after the Closing, the Seller shall take such steps as the Purchaser may reasonably request to cause the Purchaser to be substituted as the sole party having control over any lockbox or similar bank account maintained exclusively by CE to which customers of CE directly make payments in respect of the business of CE or to direct the bank at which any such lockbox or similar account is maintained to transfer any payments made thereto to an account established by the Purchaser.
