Common use of Misdirected Payments Clause in Contracts

Misdirected Payments. The City shall promptly remit to SEARHC any monies received by the City after Closing constituting or in respect of the Acquired Assets or Assumed Liabilities or SEARHC’s operation of the Business on or following the Effective Time. SEARHC shall promptly remit to the City any monies received by SEARHC after Closing constituting or in respect of the Excluded Assets or Excluded Liabilities.

Appears in 6 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement, Asset Purchase Agreement

AutoNDA by SimpleDocs

Misdirected Payments. The City shall promptly remit to SEARHC any monies received by the City after Closing constituting or in respect of the Acquired Assets or Assumed Liabilities or SEARHC’s operation of the Business on or following the Effective Time. SEARHC shall promptly remit to the City any monies received by SEARHC after Closing constituting or in respect of the Excluded Assets or Excluded Liabilities. .

Appears in 1 contract

Samples: Asset Purchase Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!