Common use of Notification to Customers Clause in Contracts

Notification to Customers. Within four (4) business days after Closing, as mutually agreed by the parties hereto, Seller or Buyer, as they may agree, shall execute and deliver letters to the Business Customers in form and content satisfactory to the Buyer advising of the transactions contemplated by this Agreement. Buyer, beginning with its first invoice to Business Customers that applies to time periods following the Closing, shall direct such Customers that all payments shall be made to Buyer, at the address supplied by Buyer. Buyer and Seller agree that any payments by Customers relating to time periods prior to the Closing shall be paid to Seller. Buyer and Seller shall take such steps as are appropriate, in good faith, to true up any payments that either such party receives that, in accordance with the above, should have been paid to the other such party.

Appears in 3 contracts

Sources: Asset Purchase Agreement (Veramark Technologies Inc), Asset Purchase Agreement (Veramark Technologies Inc), Asset Purchase Agreement (Veramark Technologies Inc)