Common use of Funds Received After Closing Clause in Contracts

Funds Received After Closing. Any and all funds received by Seller after the Closing in respect of the Business, other than amounts received in respect of the Retained Assets, shall be remitted to the Purchaser immediately upon receipt. Any and all funds received by the Purchaser after Closing in respect of the Retained Assets shall be remitted to the Sellers immediately upon receipt.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Speedemissions Inc), Asset Purchase Agreement (Speedemissions Inc), Asset Purchase Agreement (Speedemissions Inc)

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Funds Received After Closing. Any and all funds received by Seller after the Closing in respect of the Business, other than amounts received in respect of the Retained Excluded Assets, shall be remitted to the Purchaser immediately upon receipt. Any and all funds received by the Purchaser after Closing in respect of the Retained Excluded Assets shall be remitted to the Sellers immediately upon receipt.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Bluestar Health, Inc.), Asset Purchase Agreement (Gold Leaf Homes, Inc.)

Funds Received After Closing. Any and all funds received by Seller after the Closing in respect of the Business, other than amounts received in respect of the Retained Assets, shall be remitted to the Purchaser immediately upon receipt. Any and all funds received by the Purchaser after Closing in respect of the Retained Assets shall be remitted to the Sellers Seller immediately upon receipt.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Speedemissions Inc), Asset Purchase Agreement (Speedemissions Inc)

Funds Received After Closing. Any and all funds received by Seller after the Closing in respect of the Business, other than amounts received in respect of the Retained Assets, shall be remitted relating to the Purchaser immediately upon receipt. Any and all funds received by the Purchaser after Closing in respect of the Retained Purchased Assets shall be remitted to the Sellers immediately Buyer promptly upon receipt; provided that, for the avoidance of doubt, any funds received by Seller after Closing relating to the Excluded Assets shall remain the property of Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ceco Environmental Corp)

Funds Received After Closing. Any and all funds received by Seller Sellers after the Closing in respect of the Business, other than amounts received in respect of the Retained Assets, shall be remitted to the Purchaser immediately upon receipt. Any and all funds received by the Purchaser after Closing in respect of the Retained Assets shall be remitted to the Sellers Seller immediately upon receipt.

Appears in 1 contract

Samples: Asset Purchase Agreement (Speedemissions Inc)

Funds Received After Closing. Any and all funds received by Seller after the Closing in respect of the Business, other than amounts received in respect of the Retained Assets, shall be remitted to the Purchaser immediately upon receipt. Any and all funds received by the Purchaser after Closing in respect of the Retained Assets shall be remitted to the Sellers Seller immediately upon receipt.. 5 -- 4.4.1

Appears in 1 contract

Samples: Asset Purchase Agreement (Speedemissions Inc)

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Funds Received After Closing. Any and all funds received by Seller ---------------------------- after the Closing in respect of the Business, Assets or otherwise relating to the Business (other than amounts received in respect of the Retained Assets, shall be remitted to the Purchaser immediately upon receipt. Any and all funds received by the Purchaser after Closing in respect of the Retained Assets Seller from Buyer pursuant to this Agreement) shall be promptly remitted to the Sellers immediately upon receiptBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pcsupport Com Inc)

Funds Received After Closing. (a) Any and all funds received by Seller after the Closing in respect of the Business, other than the Purchase Price and the Excluded Assets (or amounts received in respect of the Retained Assets, thereof) shall be remitted to the Purchaser immediately upon receipt. . (b) Any and all funds received by the Purchaser after Closing in respect of the Retained Excluded Assets (or amounts received in respect thereof) shall be remitted to the Sellers Seller immediately upon receipt.

Appears in 1 contract

Samples: Asset Purchase Agreement (U S Wireless Data Inc)

Funds Received After Closing. Any and all funds received by Seller Company after the Closing in respect of the Business, other than amounts received in respect of the Retained Excluded Assets, shall be remitted to the Purchaser immediately upon receipt. Any and all funds received by the Purchaser after Closing in respect of the Retained Excluded Assets shall be remitted to the Sellers Shareholder immediately upon receipt.

Appears in 1 contract

Samples: Stock Purchase Agreement (Speedemissions Inc)

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