Common use of Payments Received Clause in Contracts

Payments Received. Seller and Buyer agree that after the Closing they shall hold and promptly transfer and deliver to the other Party, from time to time as and when received by them, any cash or checks with appropriate endorsements (using their reasonable efforts not to convert such checks into cash), or other property (including Tax refunds) that they may receive at or after the Closing which properly belongs to the other Party.

Payments Received. Seller and Buyer agree that after the Closing they shall hold and promptly transfer and deliver to the other Party, from time to time as and when received by them, any cash or checks with appropriate endorsements (using their commercially reasonable efforts not to convert such checks into cash), or other property (including Tax refundscash refunds of Asset Taxes pursuant to Section 7.9(c)) that they may receive at or after the Closing which properly belongs to the other PartyParty pursuant to Section 2.4.

Payments Received. After the Closing, the Seller and Buyer agree that after the Closing they Buying Parties shall hold and promptly transfer and deliver to the other Partyother, from time to time as and when received by either of them, any cash or cash, checks with appropriate endorsements (using their commercially reasonable efforts not to convert such checks into cash), or other property (including Tax refunds) that they either of them may receive at on or after the Closing Effective Time which properly belongs to the other Party, including any insurance proceeds, and shall account to the other Party for all such receipts.

Payments Received. Seller After the Closing, the Selling Parties and Buyer agree that after the Closing they Purchaser shall hold and promptly transfer and deliver to the other Partyother, from time to time as and when received by either of them, any cash or cash, checks with appropriate endorsements (using their commercially reasonable efforts not to convert such checks into cash), or other property (including Tax refunds) that they either of them may receive at on or after the Closing Date which properly belongs to the other Party, including any insurance proceeds, and shall account to the other Party for all such receipts.

Payments Received. Seller and Buyer agree that after the Closing they shall hold and promptly transfer and deliver to the other Party, from time to time as and when received by them, any cash or checks with appropriate endorsements (using their commercially reasonable efforts not to convert such checks into cash), or other property (including Tax refunds) that they may receive at or after the Closing which properly belongs to the other PartyParty pursuant to Section 2.4(b).