Common use of Payments Received Clause in Contracts

Payments Received. Sellers and Purchaser each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Party, including without limitation, any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse without recourse the name of either Seller on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Assets transferred to Purchaser hereunder.

Payments Received. Sellers Seller and Purchaser each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Partyparty, including without limitation, limitation any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse without recourse the name of either Seller on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Assets transferred to Purchaser hereunder.

Payments Received. The Sellers and Purchaser each agree that after the Closing they will shall hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Partyparty, including without limitation, limitation any insurance proceeds, and will account to the other for all such receipts. From and after Following the Closing, Purchaser shall have the right and authority to endorse without recourse the name of either Seller the Sellers on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Assets transferred to Purchaser hereunder, for the sole purpose of depositing such items into accounts over which the Sellers have signatory authority.

Payments Received. Sellers Seller and Purchaser each agree that after the ----------------- Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Partyparty, including without limitation, any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse without recourse the name of either Seller on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Assets transferred to Purchaser hereunder.

Payments Received. Sellers Seller and Purchaser each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Partyparty, including without limitation, limitation any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse endorse, without recourse recourse, the name of either Seller on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Assets transferred to Purchaser hereunder.

Payments Received. Sellers After the Closing, Seller and Purchaser each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Partyparty, including without limitation, any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse without recourse the name of either Seller on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Purchased Assets transferred to Purchaser hereunder.

Payments Received. Sellers Parent, Seller and Purchaser each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Partyparty, including without limitation, limitation any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse without recourse the name of either Seller on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Assets transferred to Purchaser hereunder.

Payments Received. Sellers Seller and Purchaser each agree that ------------------ after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Partyparty, including without limitation, any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse without recourse the name of either Seller on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Assets transferred to Purchaser hereunder.

Payments Received. Sellers Following the Closing, Seller and Purchaser Buyer will each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Party, including without limitation, any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall Buyer will have the right and authority to endorse without recourse the name of either Seller on any check or any other evidences evidence of indebtedness received by Purchaser Buyer on account of the Furniture Business and the Acquired Purchased Assets transferred to Purchaser Buyer hereunder.

Payments Received. Sellers Parent, Seller and Purchaser each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best reasonable efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Partyparty, including without limitation, limitation any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse without recourse the name of either Seller on any each check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Assets transferred to Purchaser hereunder.

Payments Received. Sellers Seller and Purchaser each agree that after the ----------------- Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly property belongs to the other Partyparty, including without limitation, limitation any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse endorse, without recourse recourse, the name of either Seller on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Assets transferred to Purchaser hereunder.

Payments Received. Sellers After the Closing, the Sellers, the Shareholder and Purchaser each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other Partyparty, including without limitation, any insurance proceeds, and will account to the other for all such receipts. From and after the Closing, Purchaser shall have the right and authority to endorse without recourse the name respective names of either Seller the Sellers and the Shareholder on any check or any other evidences of indebtedness received by Purchaser on account of the Furniture Business and the Acquired Purchased Assets transferred to Purchaser hereunder.