Common use of Payments of Receivables Clause in Contracts

Payments of Receivables. In the event Seller shall receive any instrument of payment of any accounts receivable of the Business, Seller shall forthwith deliver such instrument to Buyer, endorsed where necessary, without recourse, in favor of Buyer.

Payments of Receivables. In the event Seller shall receive any instrument of payment of any of Purchaser’s accounts receivable of the Businessreceivable, Seller shall forthwith deliver such instrument to BuyerPurchaser, endorsed where necessary, without recourse, in favor of BuyerPurchaser. In the event Purchaser shall receive any instrument of payment of any of Seller’s accounts receivable, Purchaser shall forthwith deliver such instrument to Seller, endorsed where necessary, without recourse, in favor of Seller.