Services; Duration; Charges. Buyer shall provide to Asset Seller and the other businesses described in Schedule 2 attached hereto the services described in such Schedule 2 for the time periods set forth in such Schedule 2. Schedule 2 also describes the fees and charges that Asset Seller shall pay to Buyer in exchange for the provision of such services. To the extent that Buyer is providing services to entities other than Asset Seller, Asset Seller shall be liable to Buyer for such charges and Asset Seller shall seek reimbursement from the applicable entity receiving such services.
Services; Duration; Charges. For the period beginning on the Closing Date and continuing for the remainder of the calendar month in which the Closing Date occurs and thereafter until May 31, 2000 (unless Buyer provides Asset Seller with notice by April 14 of an earlier termination in which case it shall be until April 30, 2000), Asset Seller shall provide to the Transferred Employees the same medical coverage under Asset Seller's Aetna's ASA medical plan that was provided to such employees by Asset Seller immediately before Closing. Buyer shall pay Asset Seller the amount of $220,000 per month for each month as total compensation for such coverage, payable promptly after this date with respect to April and on May 1 if not cancelled as provided herein. Schedule 1 Accounts Receivable Cash receipts into the lockbox accounts maintained by Asset Seller will be posted to the Accounts Receivable ledger by the A/R department of Buyer (led by Xxxxxxx Xxxxx). Once Asset Seller has established its own A/R department, Buyer's team will provide reasonable assistance in transitioning to Asset Seller the process of monitoring Asset Seller's lockbox accounts and posting receipts to Asset Seller's Accounts Receivable ledger. Such transition shall occur as soon as practicable, but in any event no later than June 1, 2000. The majority of the existing lockbox accounts of Asset Seller will remain with Asset Seller. Buyer's A/R department will continue to process receivables ensuring the appropriate split between Asset Seller and Buyer. The cash received in the lockbox accounts will be distributed to the appropriate bank accounts (i.e., Asset Seller or Buyer). Once Asset Seller's personnel have taken over receivable management and review of the daily lockbox receipts for Asset Seller's lockbox accounts, Asset Seller shall promptly remit (within 1 business day of receipt) all collections in respect of payments made to Buyer. If during the period that Buyer's personnel are managing Asset Seller's lockbox accounts or the period that Asset Seller's personnel are managing such lockbox accounts, any payment is received from a customer who purchases products or services from both Buyer and Asset Seller without specification as to which invoice such payment relates, the following procedures shall be implemented to determine which party (Buyer or Asset Seller) is entitled to the benefit of such payment:
