Common use of SUBSCRIBER LEASES Clause in Contracts

SUBSCRIBER LEASES. From and after the date hereof, Seller covenants and agrees to use its best efforts to keep in full force and effect all leases or rentals of Leased Subscriber Equipment between Seller and Subscribers and shall refrain from taking, directly or indirectly, any action to encourage any Subscribers to terminate such leases. Notwithstanding any other provisions of this Agreement, the parties hereto agree that all accounts receivable of Seller relating to the lease or rental of Leased Subscriber Equipment prior to or after the Closing Date shall remain the property of Seller and shall not be transferred hereunder. In the event that after the Closing Date Purchaser collects any rental or lease payments from Subscribers of Leased Subscriber Equipment, Purchaser shall remit to Seller such payments within thirty (30) days after receipt thereof. At the request of Seller, Purchaser shall provide to Seller an accounting of such accounts receivable and receipts.