Common use of Collection of Assets Clause in Contracts

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.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Duro Communications Corp), Asset Purchase Agreement (Duro Communications Corp), Asset Purchase Agreement (Duro Communications Corp)

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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 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 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 Subject Assets.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Zoll Medical Corp), Asset Purchase Agreement (Peoples Bancshares Inc), Asset Purchase Agreement (Brooktrout Technology Inc)

Collection of Assets. Subsequent to the ClosingClosing Date, Buyer Purchaser shall have the right and authority to collect all receivables Accounts Receivable and other items transferred and assigned to Buyer it by Seller and Seller agrees 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 Purchaser from time to time, 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 Subject Assets.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Fortune Diversified Industries Inc), Asset Purchase Agreement (Fortune Carter M), Asset Purchase Agreement (Fortune Diversified Industries Inc)

Collection of Assets. Subsequent to the ClosingClosing Date, Buyer Purchaser shall have the right and authority to collect all receivables Accounts Receivable and other items transferred and assigned to Buyer it by Seller and Seller agree 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 Purchaser from time to time, 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 Subject Assets.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Fortune Diversified Industries Inc), Asset Purchase Agreement (Fortune Diversified Industries Inc)

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 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 Buyer, from time to time, any cash cash, credit card payments 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 the Purchased Assets other items included in the Assetsthan payments to which Seller is entitled pursuant to this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Haights Cross Communications Inc), Asset Purchase Agreement (Haights Cross Communications Inc)

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 as part of the Assets 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

Collection of Assets. Subsequent to the Closing, Buyer shall have the right and authority to collect all receivables Accounts Receivable and other items transferred and assigned to Buyer by Seller it hereunder and to endorse with the Seller’s name of Seller any checks received on account of such receivables or other items, and Seller agrees the Selling Parties agree that it they will promptly transfer or deliver to Buyer from time to time, time any cash or other property that such Seller either of them may receive with respect to any claims, contracts, licenses, leases, commitments, sales orders, purchase orders, receivables of any character orders or any other items included in the Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Autobytel Inc)

Collection of Assets. Subsequent to the Closing, Buyer shall have the right and authority to collect all receivables and other items to the extent 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

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 Buyer 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 the 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 which are among the Purchased Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ligand Pharmaceuticals Inc)

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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 Subject Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

Collection of Assets. Subsequent to the ClosingClosing Date, 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Duro Communications Corp)

Collection of Assets. Subsequent to the First Closing, Buyer shall have the right and authority to collect all receivables (except as provided herein) 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 itemsreceivables, 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 accounts receivable of any character or any other items included in the Assets.

Appears in 1 contract

Samples: Asset and Stock Purchase Agreement (Duro Communications Corp)

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 it by Seller hereunder and to endorse with the name of Seller any checks received on account of such receivables or other items, items and Seller agrees that it will promptly transfer or deliver to Buyer from time to time, time any cash or other property that such Seller may receive with respect to any claims, contracts, licenses, leases, commitments, sales sale orders, purchase purchaser orders, receivables of any character or any other items included in the Subject Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Webhire Inc)

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 Buyer it by the Seller hereunder and to endorse with the name of the Seller any checks received on account of such receivables or other items, and . The Seller agrees that it will promptly transfer or deliver to the Buyer from time to time, any cash or other property that such the 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 Acquired Assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Benthos Inc)

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