Common use of Payments Received Clause in Contracts

Payments Received. The Sellers each agree that after the Closing they will hold and will promptly transfer and deliver to the Buyer, from time to time as and when received by them, any cash, checks with appropriate endorsements (using 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 Buyer, including without limitation any insurance proceeds, and will account to the Buyer for all such receipts. From and after the Closing, the Buyer shall have the right and authority to endorse without recourse the name of the Sellers on any check or any other evidences of indebtedness received by the Buyer on account of the Business and the Assets transferred to the Buyer hereunder.

Payments Received. The Sellers each and Buyer agree that after the Closing they will hold and will promptly transfer and deliver to the Buyerother, from time to time as and when received by them, 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 Closing which properly belongs to the Buyerother party, including without limitation any insurance proceeds, and will account to the Buyer other for all such receipts. From and after the Closing, the Buyer shall have the right and authority to endorse without recourse the name of the Sellers either Seller on any check or any other evidences of indebtedness received by the Buyer on account of the Business and the Assets transferred to the Buyer hereunder.

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

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

Payments Received. The Sellers Buyer and Seller each agree that after the Closing they will hold and will promptly transfer and deliver to the Buyerother, from time to time as and when received by them, any cash, checks with appropriate endorsements (using commercially their reasonable commercial 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 Buyerother party, including without limitation any insurance proceeds, and will account to the Buyer other for all such receipts. From and after the Closing, the Buyer shall have the right and authority to endorse without recourse the name of the Sellers Seller on any check or any other evidences evidence of indebtedness received by the Buyer on account of the Business and the Assets transferred to the Buyer hereunder.