Common use of Payments Intended for Other Party Clause in Contracts

Payments Intended for Other Party. To the extent that, on or after the Closing Date, Purchaser receives any payment constituting an Excluded Asset, Purchaser shall pay such amount to Seller. To the extent that, on or after the Closing Date, Seller receives any payment constituting a Purchased Asset, Seller shall pay such amount to Purchaser. Any payment to be made pursuant to this Section 2.06 shall be made promptly and, if so requested by a receiving party, by wire transfer of immediately available funds to the account designated in writing by the receiving party to the paying party. Each paying party shall provide written notice to the other party of any payment made pursuant to this Section 2.06 when such payment is made.

Payments Intended for Other Party. To the extent that, on or after the Closing Date, Purchaser receives any payment constituting an Excluded Asset, Purchaser shall pay such amount to Seller. To the extent that, on or after the Closing Date, Seller receives any payment constituting a Purchased an Asset, Seller shall pay such amount to Purchaser. Any payment to be made pursuant to this Section 2.06 3.3 shall be made promptly and, if so requested by a receiving partyParty, by wire transfer of immediately available funds to the account designated in writing by the receiving party Party to the paying partyParty. Each paying party Party shall provide written notice to the other party Party of any payment made pursuant to this Section 2.06 3.3 when such payment is made.

Payments Intended for Other Party. To the extent that, on or after the Closing Date, Purchaser Buyer receives any payment constituting an Excluded Asset, Purchaser Buyer shall pay such amount to Seller. To the extent that, on or after the Closing Date, Seller receives any payment constituting a Purchased an Acquired Asset, Seller shall pay such amount to PurchaserBuyer. Any payment to be made pursuant to this Section 2.06 shall 1.8 will be made promptly and, if so requested by a receiving partyParty, by wire transfer of immediately available funds to the account or accounts designated in writing by the receiving party to the paying partyParty. Each paying party Party shall provide written notice to the other party of any payment made pursuant to this Section 2.06 1.8 when such payment is made.