Common use of Payments of Accounts Receivable Clause in Contracts

Payments of Accounts Receivable. In the event Seller shall receive any instrument of payment of any of the Accounts Receivable, Seller shall forthwith deliver it to Purchaser, endorsed where necessary, without recourse, in favor of Purchaser.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Healthtronics Inc /Ga), Asset Purchase Agreement (Hariston Corp), Asset Purchase Agreement (Valuevision International Inc)

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Payments of Accounts Receivable. In the event Seller Sellers shall receive any instrument of payment of any of the Accounts Receivable, Seller Sellers shall forthwith deliver it to Purchaser, endorsed where necessary, without recourse, in favor of Purchaser.

Appears in 2 contracts

Samples: Agreement (Total Control Products Inc), Asset Purchase Agreement (Computer Dynamics Inc)

Payments of Accounts Receivable. In the event Seller shall receive any instrument of payment of for any of the Accounts Receivable, Seller shall forthwith deliver it to Purchaser, endorsed where necessary, without recourse, in favor of Purchaser.

Appears in 2 contracts

Samples: Purchase Agreement (Bionutrics Inc), Purchase Agreement (Synovics Pharmaceuticals)

Payments of Accounts Receivable. In the event any Seller shall receive any instrument instruments of payment of any of the Accounts Receivable, such Seller shall forthwith deliver it such instruments to the Company or Purchaser, endorsed where necessary, without recourse, in favor of the Company or Purchaser.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Comstock Homebuilding Companies, Inc.), Stock Purchase Agreement (Comstock Homebuilding Companies, Inc.)

Payments of Accounts Receivable. (a) In the event Seller shall receive any instrument of payment of any of the Accounts Receivableaccounts receivable of the Company or any Subsidiary, Seller shall forthwith deliver it to Purchaserthe Company or such Subsidiary, endorsed where necessary, without recourse, in favor of Purchaserthe Company or such Subsidiary.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hub Group Inc)

Payments of Accounts Receivable. In the event Seller shall receive any instrument of payment of any of the Accounts Receivableaccounts receivable of the Business, Seller shall forthwith deliver it to Purchaser, endorsed where necessary, without recourse, in favor of Purchaser and, pending such delivery, shall hold it in trust for Purchaser.

Appears in 1 contract

Samples: Asset Purchase Agreement (Danka Business Systems PLC)

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Payments of Accounts Receivable. In the event Seller shall receive any instrument of payment of any of the Accounts Receivable, Seller shall forthwith deliver it to PurchaserAcquisition Sub, endorsed where necessary, without recourse, in favor of PurchaserAcquisition Sub.

Appears in 1 contract

Samples: Asset Purchase Agreement (Virtra Systems Inc)

Payments of Accounts Receivable. In the event Seller or any Seller Entity shall receive any instrument of payment of any of the Accounts Receivable, Seller or any Seller Entity shall forthwith deliver it to PurchaserBuyer, endorsed where necessary, without recourse, in favor of PurchaserBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Homeaway Inc)

Payments of Accounts Receivable. In the event Seller Purchaser shall receive any instrument of payment of any of the Accounts Receivable, Seller Purchaser shall forthwith deliver it to PurchaserSeller, endorsed where necessary, without recourse, in favor of PurchaserSeller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Healthtronics Inc /Ga)

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