Post-Closing Remittances. If on or after the Closing Date, either Party receives a payment from a Third Party (including a customer of the Seller Business) that, pursuant to the terms hereof, should have been paid to the other Party, the Party who receives the payment agrees to hold in trust and remit such payment to the Party entitled thereto within five (5) Business Days of such receipt.
Post-Closing Remittances. If, after the Closing Date, Seller shall receive any remittance from any account debtors with respect to any accounts or Receivables included in the Purchased Assets, Seller shall endorse such remittance to the order of Buyer and forward it to Buyer promptly following receipt thereof.
Post-Closing Remittances. (a) From and after the Closing Date, if the Seller or any of its Affiliates receives any payment from a third party that is owed to a Purchased ELN Company, the Seller shall hold, or cause the applicable Affiliate to hold, such payment in trust and promptly (and in no event later than 30 days following receipt) remit such amounts to the Purchaser or the Purchased ELN Company.
Post-Closing Remittances. After the Closing, if the Purchaser or the Seller or any of his respective agents or Affiliates receives any payment from a third party that is owed to the other Party pursuant to the terms of this Agreement, the Purchaser and the Seller, as applicable, shall promptly (and in no event later than ten (10) days following receipt) remit such payment to the other Party.
Post-Closing Remittances. If, after the Closing Date, Seller or Delta shall receive any remittance from any account debtors owed to the other, Seller or Delta, as the case may be, shall endorse such remittance or otherwise forward it to the other promptly following receipt thereof.
Post-Closing Remittances. All payments and reimbursements derived from the Conveyed Property (including any amounts payable to Buyer pursuant to Section 6.11) and received by any Seller Party on or after the Closing Date shall be the property of Buyer and shall be held in trust by such Seller for the benefit of Buyer, and such Seller Party will promptly transmit, by wire transfer of immediately available funds to an account designated by Buyer, to Buyer for Buyer’s own account (within three Business Days of such Seller Party’s receipt thereof) all such payments and reimbursement.
Post-Closing Remittances. At any time within 180 days following the Closing Date, when Xxxxx receives any request for payment from a vendor for any Executed Program, Buyer shall promptly communicate such request and provide any supporting documentation received from such a requesting party to Seller and Seller shall promptly satisfy such request for payment and provide evidence of such satisfaction to Buyer, if requested by Buyer. At any time within 180 days following the Closing Date, when Seller receives a request for payment from a vendor in connection with any Unexecuted Program, Seller shall promptly inform Buyer of such request and provide any supporting documentation received from the requesting party to Buyer and Buyer shall promptly satisfy such request for payment and provide evidence of such satisfaction to Seller, if requested by Seller. If at any time following the Closing Date, Seller receives payment of any Accounts Receivable, it shall promptly pay such amount to Buyer by wire transfer of immediately available funds. If at any time following the Closing Date, Buyer receives payment of any accounts receivable of Seller that are not Accounts Receivable, it shall promptly pay such amount to Seller by wire transfer of immediately available funds.
Post-Closing Remittances. If, after the Closing Date, the Secured Party, Laurus or Debtor shall receive any remittance of money or communication with respect to any Purchased Assets, it shall endorse or otherwise transfer or pay over such remittance to the Buyer and shall forward such remittance or communication, as applicable, to the Buyer within two (2) Business Days of receipt in the manner and/or to the account specified by the Buyer from time to time in writing. If, after closing, Buyer receives any payment relating to assets of the Debtor which are not a part of the Purchased Assets, Buyer shall promptly deliver same to the party entitled to such payment(s) pursuant to Section 7 hereof.
Post-Closing Remittances. After the Closing Date, Sellers shall promptly and in any event no later than two (2) Business Days following the receipt of such payment, remit to Purchaser any Collateral Management Fees and/or Securities Payments received after the Closing Date by DCM and Securities Seller, respectively, or any of their Affiliates. Sellers shall hold any amounts received by either Seller or their respective Affiliates to which the Purchaser is entitled under this Section 4.5 in trust and agree that neither Sellers nor their respective Affiliates shall have any right, title or interest whatsoever in such amounts. Any remittance required by this Section 4.5 shall be made in the currency received in immediately available funds, without withholding, set-off, deduction or counterclaim of any type, by wire transfer to the account set forth on Schedule 4.5, as Purchaser may amend from time to time upon written notice to the Sellers.
Post-Closing Remittances. If, after the Closing Date, the Members shall receive any remittance from any account debtors with respect to the Accounts Receivable, the Members shall forward it to the Company promptly following receipt thereof.
