Common use of Administration of Accounts Clause in Contracts

Administration of Accounts. All payments and reimbursements made in the ordinary course by any third party in the name of or to Seller or any Affiliate of Seller in connection with or arising out of the Transferred Assets, the Business or the Assumed Liabilities after the Closing Date shall be held by Seller or such Affiliate in trust for the benefit of Buyer and, immediately upon receipt by Seller or any such Affiliate of any such payment or reimbursement, Seller shall pay, or cause to be paid, over to Buyer the amount of such payment or reimbursement without right of set off.

Administration of Accounts. All payments and reimbursements made in the ordinary course by any third party in the name of or to Seller or any Affiliate of Seller thereof in connection with or arising out of the Transferred Assets, the Business Division or the Assumed Liabilities after the Closing Date shall be held by Seller or such Affiliate in trust for the benefit of Buyer and, immediately upon receipt by Seller or any such Affiliate of any such payment or reimbursement, Seller shall pay, or cause to be paid, over to Buyer the amount of such payment or reimbursement without right of set off.

Administration of Accounts. All payments and reimbursements made in the ordinary course by any third party in the name of or to the Seller or any Affiliate of Seller thereof Attributable to the Business or in connection with or arising out of the Transferred Assets, the Business or the Assumed Liabilities Purchased Assets after the Closing Date shall be held by the Seller or such Affiliate in trust for the benefit of the Buyer and, immediately upon receipt by the Seller or any such Affiliate of any such payment or reimbursementreimbursements, the Seller shall pay, or cause to be paid, pay over to the Buyer the amount of such payment or reimbursement without right of set off.

Administration of Accounts. All payments and reimbursements made in the ordinary course by any third party in the name of or to Seller or any Affiliate of Seller thereof in connection with or arising out of the Transferred Assets, the Business or the Assumed Liabilities after the Closing Date shall be held by Seller or such Affiliate in trust for the benefit of Buyer and, immediately upon receipt by Seller or any such Affiliate of any such payment or reimbursement, Seller shall pay, or cause to be paid, over to Buyer the amount of such payment or reimbursement without right of set off.