Common use of Collection of the Receivables Clause in Contracts

Collection of the Receivables. From and after the Effective Time, the Surviving Corporation shall use commercially reasonable efforts to collect accounts receivable of Target reflected on the Closing Balance Sheet prior to the Reconciliation Date and neither Buyer nor the Surviving Corporation shall take any actions that are reasonably likely to result in such accounts receivable not being collected prior to the Reconciliation Date. Provided that he is employed by the Surviving Corporation, G▇▇▇▇▇ ▇▇▇▇▇ shall oversee the accounts receivable collection process on behalf of the Surviving Corporation.

Appears in 1 contract

Sources: Merger Agreement (Infousa Inc)

Collection of the Receivables. From and after the Effective Time, the Surviving Corporation shall use commercially reasonable efforts to collect accounts receivable of Target reflected on the Closing Balance Sheet prior to the Reconciliation Date and neither Buyer nor the Surviving Corporation shall take any actions that are reasonably likely to result in such accounts receivable not being collected prior to the Reconciliation Date. Provided that he is employed by the Surviving Corporation, G▇▇▇▇▇ ▇▇▇▇▇ shall oversee the accounts receivable collection process on behalf of the Surviving Corporation.

Appears in 1 contract

Sources: Merger Agreement (Infousa Inc)