Cross Receipt Sample Clauses
A Cross Receipt clause establishes a formal acknowledgment that goods, documents, or payments have been received by one party from another, often in the context of a transaction or delivery. In practice, this clause may require both parties to sign a receipt or provide written confirmation at the time of exchange, ensuring that the transfer has occurred as agreed. Its core function is to provide clear evidence of delivery or payment, thereby reducing the risk of disputes regarding whether an obligation has been fulfilled.
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Cross Receipt. The Seller, by executing this Agreement below, hereby acknowledges receipt of the Purchase Price from CMSI. CMSI, by executing this Agreement below, hereby acknowledges receipt of the Mortgage Loans from the Seller.
Cross Receipt. The Program Lender hereby acknowledges receipt of the Minimum Purchase Price. The Depositor hereby acknowledges receipt of the Transferred Loans included in the Pool.
Cross Receipt. Program Lender hereby acknowledges receipt of the Minimum Purchase Price. Purchaser Trust hereby acknowledges receipt of the Transferred CFS Loans included in the Pool.
Cross Receipt. A cross receipt from Purchaser, indicating its acceptance of the Acquired Assets; and
Cross Receipt. The Purchaser and the Company shall deliver a cross receipt, dated the Closing Date, executed by (1) the Company confirming that the Company has received the Purchase Price and (2) the Purchaser confirming that the Purchaser has received the shares of Common Stock as and in the manner contemplated by clause (b) above.
Cross Receipt. The Company shall deliver to the Investor a duly executed cross-receipt in form and substance reasonably satisfactory to both parties.
Cross Receipt. The Program Lender hereby acknowledges receipt of the Minimum Purchase Price. The Depositor hereby acknowledges receipt of the Transferred Bank of America Loans.
Cross Receipt. Program Lender hereby acknowledges receipt of the Minimum Purchase Price. Purchaser Trust hereby acknowledges receipt of the Transferred Bank of America DTC Loans included in the Pool.
Cross Receipt. Bank One hereby acknowledges receipt of the Minimum Purchase Price. Purchaser Trust hereby acknowledges receipt of the Transferred EDUCATION ONE Loans included in the Pool.
Cross Receipt. The Seller, by executing this Agreement below, hereby acknowledges receipt of the Purchase Price from CRMSI. CRMSI, by executing this Agreement below, hereby acknowledges receipt of the Mortgage Loans from the Seller.