Common use of Payments Received Clause in Contracts

Payments Received. Seller and Buyer 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.

Appears in 2 contracts

Samples: Asset and Business Purchase Agreement (Cdknet Com Inc), Asset Purchase Agreement (Marvel Entertainment Group Inc)

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Payments Received. After the Closing, the Seller and Buyer 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 the 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 shall account to the other for all such of the receipts.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Land O Lakes Inc), Asset Purchase and Sale Agreement (Golden Oval Eggs LLC)

Payments Received. After the Closing, each of Seller and Buyer 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 commercially 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 party, including without limitation any insurance proceeds, and will shall account to the other for all such receipts.

Appears in 2 contracts

Samples: Asset Purchase Agreement (CF Industries Holdings, Inc.), Asset Purchase Agreement (Mosaic Co)

Payments Received. Seller and Buyer Purchaser each agree that after the Closing they will shall hold and will shall 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 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hollywood Media Corp)

Payments Received. Seller and Buyer Purchaser each agree that after the Closing Date 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crescent Banking Co)

Payments Received. Seller and Buyer 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 have received on or after the Closing which that properly belongs to the other party, including without limitation any insurance proceeds, and will account to the other for all such receipts.

Appears in 1 contract

Samples: Stock Purchase Agreement (Digital Transmission Systems Inc \De\)

Payments Received. After Closing, Seller and Buyer each agree that after the Closing they will Purchaser shall hold and will shall 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 including, without limitation limitation, any insurance proceeds, and will shall account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Consolidated Capital of North America Inc)

Payments Received. Seller Sellers and Buyer 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, direct deposits, 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 accounts receivable and insurance proceeds, and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Adams Resources & Energy, Inc.)

Payments Received. After the Closing, each of Seller and Buyer each agree that after the Closing they Purchaser 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 commercially reasonable efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which that properly belongs to the other party, including without limitation any insurance proceeds, and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Metawave Communications Corp)

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Payments Received. Seller The Sellers and Buyer the Purchaser Parties 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 themthem or their respective Subsidiaries, 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, party hereto or its Subsidiaries and will account to the other for all such receipts.

Appears in 1 contract

Samples: Acquisition Agreement (Savient Pharmaceuticals Inc)

Payments Received. Seller and Buyer 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 either of 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 party, including without limitation any insurance proceeds, and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (NCH Corp)

Payments Received. Seller After the Closing, each of the Sellers and Buyer each agree that after the Closing they will Purchasers shall hold and will promptly transfer and deliver to the otherothers, 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 party, including without limitation any insurance proceeds, another party and will account to the other for all such receipts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hunt Manufacturing Co)

Payments Received. After the Closing, the Seller and Buyer each agree that after the Closing they will Purchaser shall hold and will shall promptly transfer and deliver to the otherother party, from time to time time, as and when received by them, any cash, checks with appropriate endorsements (using 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 Closing which properly belongs to the other party, including without limitation any insurance proceedsother, and will shall account to the other for all such receipts.

Appears in 1 contract

Samples: Stock Purchase Agreement (Umb Financial Corp)

Payments Received. Seller and Buyer 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 endorsement (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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Packetport Com)

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