Common use of Collection of Amounts Owed to a Party Clause in Contracts

Collection of Amounts Owed to a Party. It is the intention of the Parties that, as between the Parties, Seller shall be entitled to all income attributable to the E-Gas Technology prior to and including the Effective Time and Buyer shall be entitled to all income attributable to the operations conducted after the Effective Time. Each Party shall pay to the other Party, promptly after receipt thereof, any amount received by said Party from any third party with respect to (i) rentals, fees or other revenues relating to the operation of the Assets and attributable to the ownership period of the other Party; and (ii) products delivered, services performed or other obligations performed by the other Party and attributable to the ownership period of such other Party.

Collection of Amounts Owed to a Party. It is the intention of the Parties that, as between the Parties, Seller shall be entitled to all income attributable to the E-Gas Technology operations conducted prior to and including the Effective Time and Buyer shall be entitled to all income attributable to the operations conducted after the Effective Time. Each Party shall pay to the other Party, promptly after receipt thereof, any amount received by said Party from any third party with respect to (i) rentals, fees or other revenues relating to the operation of the Assets and attributable to the ownership period of the other Party; and (ii) products delivered, services performed or other obligations performed by the other Party and attributable to the ownership period of such other Party.

Collection of Amounts Owed to a Party. It is the intention of the Parties that, as between the Parties, Seller shall be entitled to all income attributable to the E-Gas Technology operations conducted prior to and including the Effective Time and Buyer shall be entitled to all income attributable to the operations conducted after the Effective Time. Each Party shall pay to the other Party, promptly after receipt thereof, any amount received by said Party from any third party with respect to to: (ia) rentals, fees or other revenues relating to the operation operations of the Assets Refinery and attributable to the ownership period of the other Party; and and (iib) products delivered, services performed or other obligations performed by the other Party and attributable to the ownership period of such other Party.