Common use of Refunds and Remittances Clause in Contracts

Refunds and Remittances. If the Seller or any of its Affiliates, on the one hand, or the Purchaser or any of its Affiliates, on the other hand, after the Closing Date receives any funds properly belonging to the other party in accordance with the terms of this Agreement, the receiving party will promptly so advise such other party and will promptly deliver such funds to an account or accounts designated in writing by such other party.

Appears in 5 contracts

Samples: Share and Asset Purchase Agreement (Chemtura CORP), Share and Asset Purchase Agreement, Share and Asset Purchase Agreement (Chemtura CORP)

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Refunds and Remittances. If the Seller or any of its Affiliates, on the one hand, or the Purchaser or any of its Affiliates, on the other hand, after the Closing Date receives any funds properly or property belonging to the other party in accordance with the terms of this Agreement, the receiving party will promptly so advise such other party and will promptly deliver such funds to an account or accounts designated in writing by such other party.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Exopack Holding Corp), Asset Purchase Agreement (Bemis Co Inc), Asset Purchase Agreement (Exopack Holding Corp)

Refunds and Remittances. If the Seller (or any of its Affiliates), on the one hand, or the Purchaser or any of its AffiliatesPurchaser, on the other hand, after the Closing Date receives any funds properly belonging to the other party in accordance with the terms of this Agreement, the receiving party will promptly so advise such other party, will segregate and hold such funds in trust for the benefit of such other party and will promptly deliver such funds funds, together with any interest earned thereon, to an account or accounts designated in writing by such other party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Fuel Tech, Inc.)

Refunds and Remittances. If the Seller or any of its AffiliatesSeller, on the one hand, or the Purchaser or any of its AffiliatesBuyer, on the other hand, after the Closing Date receives any funds properly belonging to the other party in accordance with the terms of this Agreement, the receiving party will promptly so advise such other party, will segregate and hold such funds in trust for the benefit of such other party and will promptly deliver such funds funds, together with any other interest earned thereon, to an account or accounts designated in writing by such other party.

Appears in 1 contract

Samples: Asset Purchase Agreement (RCM Technologies, Inc.)

Refunds and Remittances. 9.5.1 If the Seller (or any of its Affiliates), on the one hand, or the Purchaser or any of its AffiliatesPurchaser, on the other hand, after the Closing Date receives any funds properly belonging to the other party in accordance with the terms of this Agreement, the receiving party will promptly so advise such other party, will segregate and hold such funds in trust for the benefit of such other party and will promptly deliver such funds funds, together with any interest earned thereon and reasonable details regarding the reason for and source of the remittance, to an account or accounts designated in writing by such other party.

Appears in 1 contract

Samples: Business Transfer Agreement (Chemtura CORP)

Refunds and Remittances. If the Seller or any of its Affiliates, Sellers on the one hand, hand or the Purchaser or any of its Affiliates, Buyer on the other hand, hand after the Closing Date receives any funds properly belonging to the other party in accordance with the terms of this Agreement, the receiving party will promptly so advise such other party, will segregate and hold such funds in trust for the benefit of such other party and will promptly deliver such funds funds, together with any other interest earned thereon, to an account or accounts designated in writing by such other party.

Appears in 1 contract

Samples: Asset Purchase Agreement (RCM Technologies Inc)

Refunds and Remittances. If the Seller or any of its Affiliates, on the one hand, or the Purchaser Buyer or any of its Affiliates, on the other hand, after the Closing Date receives any funds properly belonging to the other party in accordance with the terms of this Agreementor its Affiliates, the receiving party will promptly so advise such other party and will promptly deliver such funds to an account or accounts designated in writing by such other party.

Appears in 1 contract

Samples: Asset Purchase and Contribution Agreement (Chemtura CORP)

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Refunds and Remittances. If If, after the Closing, Seller (or any of its Affiliates), on the one hand, or the Purchaser (or any of its Affiliates), on the other hand, after the Closing Date receives any funds properly belonging to the other party Party in accordance with the terms of this Agreement, the receiving party Party will promptly so advise such other party Party, will segregate and hold such funds in trust for the benefit of such other Party and will promptly deliver such funds funds, together with any interest earned thereon, to an account or accounts designated in writing by such other partyParty.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wright Medical Group Inc)

Refunds and Remittances. If the Seller (or any of its Affiliates), on the one hand, or the Purchaser or any of its AffiliatesBuyer, on the other hand, after the Closing Date receives any funds properly belonging to the other party in accordance with the terms of this Agreement, the receiving party Party will promptly so advise such other party Party, will segregate and hold such funds in trust for the benefit of such other Party and will promptly deliver such funds funds, together with any interest earned thereon, to an account or accounts designated in writing by such other partyParty.

Appears in 1 contract

Samples: Asset Purchase Agreement (Appfolio Inc)

Refunds and Remittances. If the Seller Parent, Sellers or any of its their Affiliates, on the one hand, or the Purchaser Buyer or any of its Affiliates, on the other hand, after the Closing Date receives any funds or other property properly belonging to the other party in accordance with the terms of this Agreementor its Affiliates, the receiving party will promptly so advise such other party and will promptly deliver such funds or other property to an account or accounts designated in writing by such other party.

Appears in 1 contract

Samples: Stock Purchase Agreement (Chemtura CORP)

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