Common use of Transferred Accounts Receivable Clause in Contracts

Transferred Accounts Receivable. If at any time after Closing, a Business Seller receives any monies in respect of any Transferred Accounts Receivables, then that Business Seller shall pay or procure payment to the Purchaser, as soon as reasonably practicable the amount recovered, less any Taxation suffered or incurred by the relevant Seller’s Group which would not have arisen but for the receipt and payment of such monies.

Transferred Accounts Receivable. If at any time after Closing, a Business Seller receives any monies in respect of any Transferred Accounts ReceivablesReceivable, then that the Business Seller shall pay or procure payment to the Purchaser, as soon as reasonably practicable the amount recovered, less any Taxation suffered or incurred by the relevant Seller’s Group which would not have arisen but for the receipt and payment of such monies.