Common use of Mail Handling Clause in Contracts

Mail Handling. Effective as of the Closing Date, Buyer shall have the right to open all mail and packages addressed to Seller and delivered to Buyer Group relating to the Business. To the extent Buyer Group receives any mail or packages addressed to Seller and delivered to Buyer Group not relating to the Business, Buyer Group shall promptly deliver such mail or packages to Seller. After the Closing Date, Buyer Group may deliver to Seller any checks or drafts made payable to Seller received on account of any Receivables or other Assets constituting a right to receive payment, Seller shall promptly deposit such checks or drafts, and, upon receipt of funds, reimburse Buyer Group within five (5) business days for the amounts of all such checks or drafts, or, if so requested by Buyer Group, endorse such checks or drafts to Buyer Group for collection. To the extent Seller receives any mail or packages addressed and delivered to Seller but relating to the Business, Seller agrees that it will promptly transfer or deliver or cause to be promptly transferred or delivered, to Buyer Group or its designee any cash or other property received directly or indirectly by it or any of its affiliates after the Closing in respect of Receivables, including any amounts paid as interest thereon for periods following the Closing.

Mail Handling. Effective as of the Closing Date, Buyer and/or its Affiliates shall have the right to open all mail and packages delivered to it that are addressed to Seller and delivered to Buyer Group or any of its Subsidiaries relating to the BusinessGPAA and LDMA. To the extent that Buyer Group and/or any of its Subsidiaries receives any mail or packages addressed to Seller or any of its Subsidiaries and delivered to Buyer Group and/or any of its Affiliates not relating to the BusinessGPAA and LDMA, Buyer Group shall promptly deliver such mail or packages to Seller, and any information acquired, directly or indirectly, through access to such mail or packages shall be subject to the confidentiality obligations in existence between the Parties. After the Closing Date, Buyer Group may deliver to Seller any checks or drafts made payable to Seller received on account or any of any Receivables or other Assets constituting a right to receive paymentits Subsidiaries, and Seller shall promptly deposit such checks or drafts, and, upon receipt of funds, reimburse Buyer Group within five ten (510) business days Business Days for the amounts of all such checks or drafts, or, if so requested by Buyer GroupBuyer, endorse such checks or drafts to Buyer Group for collection. To the extent Seller or any of its Subsidiaries receives any mail or packages addressed and delivered to Seller but relating to the BusinessGPAA and LDMA, Seller agrees that it will shall, or shall cause such Subsidiaries to, promptly transfer deliver such mail or deliver or cause packages to be promptly transferred or deliveredBuyer, to Buyer Group or its designee and any cash or other property received information acquired, directly or indirectly by it indirectly, through access to such mail or any packages shall be subject to the confidentiality obligations of its affiliates after the Closing in respect of Receivables, including any amounts paid each Party as interest thereon for periods following the Closingpreviously agreed.