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 commercially reasonable efforts not to convert such checks into cash), or other property (including cash 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 Party pursuant to Section 2.4.

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 cash refunds of Asset Taxes pursuant to Section 7.9(c)Tax refunds) that they may receive at or after the Closing which properly belongs to the other Party pursuant to Section 2.4Party.

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 cash refunds that either of Asset Taxes pursuant to Section 7.9(c)) that they 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 pursuant to Section 2.4for 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 cash refunds of Asset Taxes pursuant to Section 7.9(c)Tax refunds) that they may receive at or after the Closing which properly belongs to the other Party pursuant to Section 2.42.4(b).