Common use of Endorsement Authorization Clause in Contracts

Endorsement Authorization. Effective as of the First Closing Date, the Seller appoints Buyer its attorney-in-fact to open all mail relating to the Business addressed to the Seller and to endorse in the name of the Seller any checks, drafts, or other instruments received which include payment of accounts accrued after the First Closing Date. Buyer promptly will send to the Seller all mail not relating to the Acquired Assets or the Business, except personal mail of any employee or former employee of the Business.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Mpower Holding Corp), Asset Purchase Agreement (Mpower Holding Corp)

AutoNDA by SimpleDocs

Endorsement Authorization. Effective as of the First Closing Date, the Seller appoints Buyer its attorney-in-fact to open all mail relating to the Business addressed to the Seller and to endorse in the name of the Seller any checks, drafts, or other instruments received which include in payment of accounts accrued after the First Closing Date. Buyer promptly will send to the Seller all mail not relating to the Acquired Assets or the Business, except personal mail of any employee or former employee of the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Champion Enterprises Inc)

Endorsement Authorization. Effective as of the First Closing Date, the Seller appoints Buyer its attorney-in-fact to open all mail of Seller relating to the Business addressed to the Seller and to endorse in the name locations of the Seller any checks, drafts, or other instruments received which include payment facilities of accounts accrued after the First Closing DateBusiness. Buyer will promptly will send to the Seller all mail not relating to the Acquired Assets or the Business, except personal mail of any employee or former employee of the Business.

Appears in 1 contract

Samples: Asset Purchase Agreement (Level 8 Systems)

AutoNDA by SimpleDocs

Endorsement Authorization. Effective as of the First Closing Date, the Seller appoints Buyer its attorney-in-fact to open all mail relating to the Business Acquired Assets addressed to the Seller and to endorse in the name of the Seller any checks, drafts, or other instruments received which to the extent (and only to the extent) they include payment of accounts accrued after the First Closing DateAccounts Receivable. Buyer promptly will send to the Seller all mail and payments not relating to the Acquired Assets or the BusinessAssets, except personal mail of any employee or former employee of the BusinessRetained Employee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pac-West Telecomm Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.