Common use of Misdirected Payments Clause in Contracts

Misdirected Payments. Seller shall forward any Collections that it receives to Buyer in the form received. Seller shall forward such Collections (i) in the case of Collections received through an automated or other electronic funds transfer, promptly by automated or other electronic funds transfer to the Lock-Box Account, and (ii) in the case of all other Collections, within five (5) Business Days of receipt by mail to the Lock-Box. Seller shall hold such Collections in trust for the benefit of Buyer until such Collections have been forwarded to Buyer in accordance with this Section 6.2.