Common use of Collection of Assets Clause in Contracts

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. Subsequent to the Closing, Buyer Purchaser and its -------------------- assignees shall have the right and authority to collect all receivables and other items transferred and assigned by Sellers the Company hereunder and to endorse with the name of Sellers the Company or any of their its affiliates any checks received on account of such receivables or other items, and Sellers and Stockholder agree the Company agrees that they it will promptly transfer or deliver to Buyer Purchaser and its assignees from time to time, any cash or other property that it may receive on or after the Closing November 12, 1997 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 Purchaser pursuant to this Agreement.

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 Seller hereunder and to endorse with the name of Sellers Seller or any of their affiliates any checks received on account of such receivables or other items, and Sellers Seller and Stockholder Founders agree that they will promptly transfer or deliver to Buyer and its assignees from time to time, any cash or other property that it they 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. Subsequent to the Closing, Buyer and its -------------------- assignees shall have the right and authority to collect all receivables Receivables and other items transferred and assigned by Sellers hereunder and to endorse with the name of Sellers any Seller 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 of the Receivables or any other 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. 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 Seller hereunder and to endorse with the name of Sellers Seller or any of their its affiliates any checks received on account of such receivables or other items, and Sellers Seller and each 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.