Common use of Post Closing Accounting Clause in Contracts

Post Closing Accounting. Purchaser and Seller agree that if subsequent to Closing either party receives any funds (including credits on accounts) to which the other party is entitled, such party will immediately pay such amounts to the other party. Purchaser will assist Seller with the collection of Seller's receivables. Purchaser and Seller will cooperate to pro-rate all billxxxx xxxeived by either party, which include charges applicable to both Purchaser and Seller. Purchaser further agrees: (i) that if subsequent to Closing Purchaser receives any amounts of money to which any Seller is entitled, such as, but not limited to, manufacturer payments relative to warranty work or holdback, Purchaser will immediately make payment to such Seller of any such amount; and (ii) to assist each Seller in collecting any amounts due and owing to such Seller from the applicable manufacturer, such as for warranty work or holdbacks.