Communications and Remittances. (a) All mail, communications, notices and/or remittances regarding the Accounts Receivable and any sales, reimbursements or credits relating to sales after the Financial Effective Time possessed or received by Sellers at any time after the Financial Effective Time shall be turned over to Buyer within ten (10) Business Days of the later of the Financial Effective Time or receipt by Sellers. Sellers shall cooperate with Buyer, and take such actions as Buyer may reasonably request, to assure that customers of the Business send such remittances directly to Buyer and to assure that such remittances from customers of the Business which are improperly sent to Sellers are not commingled with Sellers’ assets, but are promptly delivered to Buyer. (b) Except to the extent constituting Purchased Assets, all mail, communications, notices and/or remittances regarding sales, reimbursements or credits relating to sales prior to the Closing Date possessed or received by Buyer at any time after the Closing Date shall be promptly turned over to Sellers. Buyer shall cooperate with Sellers, and take such actions as Sellers may reasonably request, to assure that remittances improperly sent to Buyer are not commingled with Buyer’s assets but are promptly delivered to Sellers. (c) As soon as practicable following Closing, the parties agree to send a joint communication to trade customers relating to changes in address for remittances and other correspondence.
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Samples: Asset Purchase Agreement, Asset Purchase Agreement (MULTI COLOR Corp)
Communications and Remittances. (a) All mail, communications, notices and/or remittances regarding the Accounts Receivable and any sales, reimbursements or credits relating to sales after the Financial Effective Time Closing Date possessed or received by Sellers Seller at any time after the Financial Effective Time Closing Date shall be promptly turned over to Buyer within ten (10) Business Days of the later of the Financial Effective Time or receipt Purchaser by SellersSeller. Sellers Seller shall cooperate with BuyerPurchaser, and take such actions as Buyer Purchaser may reasonably request, to assure that customers of the Business send such remittances directly to Buyer Purchaser, and to assure that such remittances from customers of the Business which are improperly sent to Sellers Seller are not commingled with Sellers’ Seller’s assets, but are promptly delivered to BuyerPurchaser.
(b) Except to the extent constituting Purchased Assets, all All mail, communications, notices and/or remittances regarding sales, reimbursements or credits relating to sales prior to the Closing Date possessed or received by Buyer Purchaser at any time after the Closing Date shall be promptly turned over to SellersSeller by Purchaser. Buyer Purchaser shall cooperate with SellersSeller, and take such actions as Sellers Seller may reasonably request, to assure that such remittances improperly sent to Buyer Purchaser are not commingled with BuyerPurchaser’s assets assets, but are promptly delivered to SellersSeller.
(c) As soon as practicable following Promptly upon Closing, the parties agree to send a joint communication to trade customers relating to changes in address for remittances and other correspondence.
Appears in 1 contract
Samples: Asset Purchase Agreement (Smurfit Stone Container Corp)
Communications and Remittances. (a) All mail, communications, notices and/or remittances regarding the Accounts Receivable and any sales, reimbursements or credits relating to sales after the Financial Effective Time Closing Date possessed or received by Sellers Seller or any Seller Subsidiary at any time after the Financial Effective Time Closing Date shall be promptly turned over to Buyer within ten (10) Business Days of the later of the Financial Effective Time by Seller or receipt by Sellerssuch Seller Subsidiary. Sellers Seller shall cooperate with Buyer, and take such actions as Buyer may reasonably request, to assure that customers of the Business send such remittances directly to Buyer Buyer, and to assure that such remittances from customers of the Business which are improperly sent to Sellers Seller or any Seller Subsidiary are not commingled with SellersSeller’s or such Seller Subsidiaries’ assets, but are promptly delivered to Buyer.
(b) Except to the extent constituting Purchased Assets, all All mail, communications, notices and/or remittances regarding sales, reimbursements or credits relating to sales prior to the Closing Date possessed or received by Buyer at any time after the Closing Date shall be promptly turned over to SellersSeller by Buyer. Buyer shall cooperate with SellersSeller, and take such actions as Sellers Seller may reasonably request, to assure that such remittances improperly sent to Buyer are not commingled with Buyer’s assets assets, but are promptly delivered to SellersSeller.
(c) As soon as practicable following Closing, the parties agree to send a joint communication to trade customers relating to changes in address for remittances and other correspondence.
Appears in 1 contract
Communications and Remittances. (a) All mail, communications, notices and/or remittances regarding the Accounts Receivable and any sales, reimbursements or credits relating to sales after the Financial Effective Time Closing Date possessed or received by the Sellers at any time after the Financial Effective Time Closing Date shall be promptly turned over to Buyer within ten (10) Business Days of the later of Purchaser by the Financial Effective Time or receipt by Sellers. The Sellers shall cooperate with Buyer, the Purchaser and take such actions as Buyer the Purchaser may reasonably request, to assure that customers of the Business send such remittances directly to Buyer the Purchaser, and to assure that such remittances from customers of the Business which are improperly sent to the Sellers are not commingled with the Sellers’ assets, but are promptly delivered to Buyerthe Purchaser.
(b) Except to the extent constituting Purchased Assets, all All mail, communications, notices and/or remittances regarding sales, reimbursements or credits relating to sales prior to the Closing Date Date, possessed or received by Buyer the Purchaser at any time after the Closing Date shall be promptly turned over to Sellersthe Sellers by the Purchaser. Buyer The Purchaser shall cooperate with the Sellers, and take such actions as the Sellers may reasonably request, to assure that such remittances improperly sent to Buyer Purchaser are not commingled with Buyerthe Purchaser’s assets assets, but are promptly delivered to the Sellers.
(c) As soon as practicable following Promptly upon Closing, the parties agree to send a joint communication to trade customers relating to changes in address for remittances and other correspondence.
Appears in 1 contract
Samples: Asset Purchase Agreement (Smurfit Stone Container Corp)