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.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Garden State Newspapers Inc), Asset Purchase Agreement (Garden State Newspapers Inc)