Collection of Assets. Subsequent to the Closing, Buyer shall have the right and authority to collect all receivables and other items transferred and assigned to Buyer by Seller hereunder and to endorse with the name of Seller any checks received on account of such receivables or other items, and Seller agrees that it will promptly transfer or deliver to Buyer from time to time, any cash or other property that such Seller may receive with respect to any claims, contracts, licenses, leases, commitments, sales orders, purchase orders, receivables of any character or any other items included in the Assets.
Collection of Assets. Subsequent to the Closing, Buyer and its -------------------- assignees shall have the right and authority to collect all receivables and other items transferred and assigned by Sellers hereunder and to endorse with the name of Sellers or any of their affiliates any checks received on account of such receivables or other items, and Sellers and Stockholder agree that they will promptly transfer or deliver to Buyer and its assignees from time to time, any cash or other property that it may receive on or after the Closing with respect to any claims, contracts, licenses, leases, commitments, sales orders, purchase orders, receivables of any character or any other items included in the assets transferred to Buyer pursuant to this Agreement.
Collection of Assets. Seller agrees that it will promptly transfer or deliver to Buyer from time to time, any cash or other property that Seller may receive with respect to any claims, contracts, licenses, leases, commitments, sales orders, purchase orders, receivables of any character or any other items included in the Purchased Assets. Buyer agrees that it will promptly transfer or deliver to Seller from time to time all property Buyer may receive with respect to the Excluded Assets.
Collection of Assets. Subsequent to the Closing, Buyer shall have the right and authority to collect all accounts receivables and other items transferred and assigned to it by Seller hereunder and to endorse with the name of Seller any checks received on account of such receivables or other items, and Seller agrees that it will promptly transfer or deliver to Buyer from time to time, any cash or other property that Seller may receive with respect to any claims, contracts, licenses, leases, commitments, sales orders, purchase orders, receivables of any character or any other items required to be transferred by it to Buyer pursuant to the provisions hereof.
Collection of Assets. The City shall have the right to notify the obligor(s) under the Assets to make payment directly to it, to take control of all the proceeds of the Assets and to enforce any of the obligations of the obligor(s) under the Assets.
Collection of Assets. Subsequent to the Closing, the Buyer shall have the right and authority to collect all items transferred to it by the Sellers, and each of the Sellers agrees that it will promptly transfer or deliver to the Buyer from time to time, any cash or other property that any of the Sellers may receive with respect to any claims, contracts, licenses, leases, commitments, sales orders, purchase orders, or any other item required to be transferred to the Buyer pursuant to this Agreement.
Collection of Assets. Subsequent to the Closing, Buyer shall have the right and authority to collect all receivables and other items transferred the dispute by disclosing them prior to the closing, and therefore should not benefit from gambling on whether the buyer will discover them. If it is necessary to compromise the issue, it may be appropriate to use the following alternative provision: Anything in this Agreement to the contrary notwithstanding, if a party to this Agreement has actual knowledge at the Closing of matters giving it the right to terminate this Agreement pursuant to Subsections 7.01(ii) or
Collection of Assets. Subsequent to the Closing, Buyer shall have the right and authority to collect all receivables and other items transferred and assigned to it by Target hereunder and to endorse with the name of Target any checks received on account of such receivables or other items, and Target agrees that it will promptly transfer or deliver to Buyer from time to time, any cash or other property that Target may receive with respect to any claims, contracts, licenses, leases, commitments, sales orders, purchase orders, receivables of any character included in the Acquired Assets or any other items included in the Acquired Assets.
Collection of Assets. (a) Effective as of the Closing Date, each Seller hereby constitutes and appoints the Buyer the true and lawful attorney of such Seller, with full power of substitution, in the name and on behalf of such Seller but for the benefit of and at the sole cost and expense of the Buyer, to institute and prosecute proceedings that the Buyer may deem proper in order to collect, assert or enforce any claim, right or title of any kind in or to the Acquired Assets or the Assumed Liabilities, or to defend or compromise any Action in respect of any of the Acquired Assets or the Assumed Liabilities, and to take all such action in relation thereto as the Buyer shall deem advisable. Each Seller acknowledges that such powers will be coupled with an interest and will not be revocable by such Seller for any reason. The Buyer will retain for its own account any amount collected as a result of any action taken pursuant to the foregoing powers.
Collection of Assets. Subsequent to the Closing, the Buyer shall have the right and authority to collect all receivables and other items transferred and assigned to it by Seller hereunder and to endorse with the name of the Division any checks received on account of such receivables or other items, and Seller agrees that it will promptly transfer or deliver to the Buyer from time to time, any cash or other property that Seller may receive with respect to any claims, contracts, licenses, leases, commitments, sales orders, purchase orders, receivables of any character or any other items which are among the Purchased Assets. Buyer will promptly transfer or deliver to Seller any cash, checks, mail or other property of Seller not included in the Purchased Assets or Assumed Liabilities and received by Buyer.
