Payments of Accounts Receivable Clause Samples

Payments of Accounts Receivable. In the event that the Seller shall receive any instruments of payment of any of the accounts receivable of the Company, Seller shall forthwith deliver such instruments to Purchaser, endorsed where necessary, without recourse, in favor of Purchaser. In the event Purchaser, the Company or any of their respective Affiliates shall receive any instruments of payment properly payable to the Seller, Purchaser shall deliver, or shall cause the Company or Purchaser’s or the Company’s respective Affiliates, as applicable, to deliver, such instruments to the Seller or its Affiliate, as applicable, endorsed where necessary, without recourse, in favor of such Person.

Payments of Accounts Receivable. At the Closing Seller shall provide Purchaser with a detailed aging report of Seller's Accounts Receivable. Purchaser shall use reasonable efforts, consistent with its existing business practices to collect such Accounts Receivable. Purchaser shall within fifteen days after the end of each calendar month following the calendar month of the Closing, deliver to Seller an accounting showing for such month the amount received in collections on Seller's Accounts Receivable, specifying the amount received on each invoice of Seller (the "Collection Report"). If the amount of Accounts Receivable collected by Purchaser exceeds the Accounts Receivable Amount, then Purchaser shall remit to Seller the amount of such excess. Such payment(s) shall be made simultaneously with Purchaser's delivery of the Collection Reports. If by the sixtieth day following the Closing, Purchaser has not received payments with respect to Seller's Accounts Receivable equal to Accounts Receivable Amount, then ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ shall pay to Purchaser within ten (10) days after receipt of written demand therefor, an amount equal to the difference between Seller's Accounts Receivable collected and the Accounts Receivable Amount.

Payments of Accounts Receivable. In the event Seller shall receive any instrument of payment of any of the Accounts Receivable, Seller shall forthwith deliver it to Purchaser, endorsed where necessary, without recourse, in favor of Purchaser.

Payments of Accounts Receivable. All Accounts Receivable due to Sellers from Affiliates, all intercompany receivables due to Sellers and all Accounts Receivable due to Sellers from officers and directors shall have been paid in full.

Payments of Accounts Receivable. In the event Seller shall receive subsequent to the Closing Date any instrument of payment of any of amounts that belong to the Purchaser, the Seller shall immediately deliver it to the Purchaser, endorsed where necessary, without recourse, in favor of the Purchaser, including but not limited to collecting from advertisers under corporate agreements for advertising in the newspapers for which advertiser remits payment to Seller under such corporate agreement.

Payments of Accounts Receivable. In the event Sellers shall receive any instrument of payment of any of the Accounts Receivable, Sellers shall forthwith deliver it to Purchaser, endorsed where necessary, without recourse, in favor of Purchaser.

Payments of Accounts Receivable. At or prior to the Closing, except as set forth on Schedule 4.2(k), all accounts receivable of the Company from Stockholders of the Company and their Affiliates shall be been paid in full, whether or not it is then due.

Payments of Accounts Receivable. In the event Salsa Digital or the Selling Subsidiaries shall receive subsequent to the Closing Date any instrument of payment of any of amounts that belong to the Purchasing Subsidiaries, it shall immediately deliver it to the Purchasing Subsidiary, endorsed where necessary, without recourse, in favor of the Purchasing Subsidiary.

Payments of Accounts Receivable. In the event any of the Companies or the Shareholder shall receive any instrument of payment of any of the Receivables not repurchased from AMI by the Companies or the Shareholder, the Companies or the Shareholder, whichever the case may be, shall forthwith deliver such payment or instrument to AMI, endorsed where necessary, without recourse, in favor of AMI.