Necessary Action After Closing Clause Samples

Necessary Action After Closing. The parties shall deliver or cause to be delivered to one another such other instruments and documents as may be necessary or appropriate to evidence the proper execution, delivery and performance of this Agreement. If, at any time after the Closing Date, any further action is necessary or appropriate to carry out the purposes of this Agreement, the panics shall take all such lawful action. All revenue received by Seller or otherwise generated in connection with the manufacture or sale of the Products or Related Technology, including all license fees or royalties, from whatever source, shall, from and after the Closing Date, belong to Buyer, whether or not formal assignments of contracts under or in connection with which such revenues arise shall have been effected as of the date of any such revenue receipt. Any and all payments directed to or otherwise received by Seller for sales, fees or other business arising from and after the Date of Closing shall thus be promptly transferred and accounted to Buyer.