Mistaken Payments. Purchaser acknowledges that many of the ----------------- Lessees will continue to lease equipment not being sold to Purchaser hereunder from one or more Affiliates of Seller or EFG. It is likely that, notwithstanding the efforts of Seller and Purchaser, certain of such Lessees may from time to time mistakenly make a payment to Purchaser due to Seller under one or more such other leases. Purchaser agrees to promptly remit any such amount to Seller and, until so delivered, hold such payment in trust for Seller.
Appears in 14 contracts
Samples: Purchase and Sale Agreement (American Income Partners Iii-C Limited Partnership), Purchase and Sale Agreement (American Income 8 Limited Partnership), Purchase and Sale Agreement (American Income 4 LTD Partnership)
Mistaken Payments. Purchaser acknowledges that many of the Lessees ----------------- Lessees will continue to lease equipment not being sold to Purchaser hereunder from one or more Affiliates of Seller or EFG. It is likely that, notwithstanding the efforts of Seller and Purchaser, certain of such Lessees may from time to time mistakenly make a payment to Purchaser due to Seller under one or more such other leases. Purchaser agrees to promptly remit any such amount to Seller and, until so delivered, hold such payment in trust for Seller.
Appears in 1 contract
Samples: Purchase and Sale Agreement (American Income Partners Iv C L P)
