Suspended Monies. At Closing, Seller shall deliver to Buyer the monies held in suspense by Seller for the account of third parties, or relate to a title dispute or question as to ownership, along with any documentation in Seller’s possession or available to Seller in support of such suspended funds. Any additional monies of this nature received by Seller after Closing shall be remitted to Buyer within one hundred twenty (120) days after the Closing hereof. At Closing, Buyer shall assume the obligation for the payment of these monies.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Natural Gas Systems Inc/New), Purchase and Sale Agreement (Natural Gas Systems Inc/New)
Suspended Monies. At Except as provided in Section 3.5, at Closing, Seller shall deliver to Buyer the monies held in suspense by Seller for the account of third parties, or relate to a title dispute or question as to ownership, along with any documentation in Seller’s possession or available to Seller in support of such suspended funds. Any Except as provided in Section 3.5, any additional monies of this nature received by Seller after Closing shall be remitted to Buyer within one hundred twenty (120) days after the Closing hereof. At Closing, Buyer shall assume the obligation for the payment of these monies.
Appears in 1 contract
Samples: Asset Purchase and Sale Agreement (Evolution Petroleum Corp)
Suspended Monies. At Closing, Seller shall deliver to Buyer the monies held in suspense by Seller for the account of third parties, or relate to a title dispute or question as to ownership, along with any documentation in Seller’s 's possession or available to Seller in support of such suspended funds. Any additional monies of this nature received by Seller after Closing shall be remitted to Buyer within one hundred twenty (120) days after the Closing hereof. At Closing, Buyer shall assume the obligation for the payment of these monies.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Natural Gas Systems Inc/New)
