Payments Received. Sellers and Purchaser agree that, after the Closing Date, they shall hold and shall promptly transfer and deliver to the other party, from time to time as and when received by it and in the currency received, any cash, checks with appropriate endorsements (using commercially reasonable efforts not to convert such checks into cash), or other property that they may receive after the date hereof which property belongs to the other party, including any payments of accounts receivable and insurance proceeds, and shall account to the other party for all such receipts.
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Samples: Stock and Asset Purchase Agreement (Be Aerospace Inc), Stock and Asset Purchase Agreement (Honeywell International Inc)
Payments Received. Sellers Seller and Purchaser each agree that, that after the Closing Date, Date they shall will hold and shall will promptly transfer and deliver to the other partyother, from time to time as and when received by it and in the currency receivedthem, any cash, checks with appropriate endorsements (using commercially reasonable their best efforts not to convert such checks into cash), or other property that they may receive on or after the date hereof Closing Date which property properly belongs to the other party, including any payments of accounts receivable Party and insurance proceeds, and shall will account to the other party for all such receipts.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Chart House Enterprises Inc), Asset Purchase Agreement (Landrys Restaurants Inc)
Payments Received. Sellers After the Closing, the Seller and the Purchaser agree that, after the Closing Date, they shall hold and shall promptly transfer and deliver to the other party, from time to time time, as and when received by it and in the currency receivedthem, any cash, checks with appropriate endorsements (using commercially reasonable their best efforts not to convert such checks into cashcash or other funds), electronic funds, or other property similar transfers that they may receive on or after the date hereof Closing which property properly belongs to the other party, including any payments of accounts receivable and insurance proceedsother, and shall account to the other party for all such receipts.
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Payments Received. Sellers Seller and Purchaser each agree that, that after the ----------------- Closing Date, they shall will hold and shall will promptly transfer and deliver to the other partyother, from time to time as and when received by it and in the currency receivedthem, any cash, checks with appropriate endorsements (using commercially reasonable their best efforts not to convert such checks into cash), or other property that they may receive on or after the date hereof Closing which property properly belongs to the other party, including without limitation any payments of accounts receivable and insurance proceeds, and shall will account to the other party for all such receipts.
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Payments Received. Sellers and Purchaser each agree that, that after the Closing Date, Date they shall will hold and shall will promptly transfer and deliver to the other partyother, from time to time as and when received by it and in the currency receivedthem, any cash, checks with appropriate endorsements (using commercially reasonable their best efforts not to convert such checks into cash), or other property that they may receive on or after the date hereof Closing Date which property properly belongs to the other party, including any payments of accounts receivable party and insurance proceeds, and shall will account to the other party for all such receipts.
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Payments Received. Xxxxxx’x, Sellers and Purchaser each agree that, that after the Closing Date, Date they shall will hold and shall will promptly transfer and deliver to the other partyother, from time to time as and when received by it and in the currency receivedthem, any cash, checks with appropriate endorsements (using commercially reasonable their best efforts not to convert such checks into cash), or other property that they may receive on or after the date hereof Closing Date which property properly belongs to the other party, including any payments of accounts receivable Party and insurance proceeds, and shall will account to the other party for all such receipts.
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Payments Received. Sellers Seller and Purchaser the Buying Parties each agree that, that after the Closing Date, they shall will hold and shall will promptly transfer and deliver to the other partyother, from time to time as and when received by it and in the currency receivedthem, any cash, checks with appropriate endorsements (using commercially reasonable efforts not to convert such checks into cash), or other property that they may receive after the date hereof which property belongs to the other party, including any payments of accounts receivable and insurance proceeds, and shall account to the other party for all such receipts.their best
Appears in 1 contract
Samples: Asset Purchase Agreement (Coast Dental Services Inc)
Payments Received. Sellers Seller and Purchaser each agree that, that after the ----------------- Closing Date, Date they shall will hold and shall will promptly transfer and deliver to the other partyother, from time to time as and when received by it and in the currency receivedthem, any cash, checks with appropriate endorsements (using commercially reasonable their best efforts not to convert such checks into cash), or other property that they may receive on or after the date hereof Closing Date which property properly belongs to the other partyparty including, including without limitation any payments of accounts receivable and insurance proceeds, and shall will account to the other party for all such receipts.
Appears in 1 contract
Samples: Asset Purchase Agreement (Chart House Enterprises Inc)
Payments Received. Sellers Seller and Purchaser each agree that, that after the Closing Date, Date they shall will hold and shall will promptly transfer and deliver to the other partyother, from time to time as and when received by it and in the currency receivedthem, any cash, checks with appropriate endorsements (using commercially reasonable their best efforts not to convert such checks into cash), or other property that they may receive on or after the date hereof Closing which property properly belongs to the other partyParty, including any payments of accounts receivable and insurance proceeds, and shall will account to the other party for all such receipts.
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