Common use of Payments Received Clause in Contracts

Payments Received. After the Closing, each of Seller and Buyer shall hold and promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their commercially reasonable efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other party, and shall account to the other for all such receipts.

Appears in 2 contracts

Sources: Asset Purchase Agreement (CF Industries Holdings, Inc.), Asset Purchase Agreement (Mosaic Co)

Payments Received. After the Closing, each of the Seller and Buyer shall hold and promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their commercially reasonable best efforts not to convert such the checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other party, including any insurance proceeds, and shall account to the other for all such of the receipts.

Appears in 2 contracts

Sources: Asset Purchase and Sale Agreement (Golden Oval Eggs LLC), Asset Purchase Agreement (Land O Lakes Inc)

Payments Received. After the Closing, each of Seller and Buyer shall each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their commercially reasonable best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other party, including without limitation any insurance proceeds, and shall will account to the other for all such receipts.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Marvel Entertainment Group Inc), Asset and Business Purchase Agreement (Cdknet Com Inc)

Payments Received. After the Closing, each of Seller and Buyer shall each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their commercially reasonable best efforts not to convert such checks into cash), or other property that they may receive have received on or after the Closing which that properly belongs to the other party, including without limitation any insurance proceeds, and shall will account to the other for all such receipts.

Appears in 1 contract

Sources: Stock Purchase Agreement (Digital Transmission Systems Inc \De\)

Payments Received. After the Closing, each of Seller and Buyer shall each agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements endorsement (using their commercially reasonable best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other party, including without limitation any insurance proceeds, and shall will account to the other for all such receipts.

Appears in 1 contract

Sources: Asset Purchase Agreement (Packetport Com)

Payments Received. After The Sellers and the Closing, Purchaser Parties each of Seller and Buyer shall agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by themthem or their respective Subsidiaries, any cash, checks with appropriate endorsements (using their commercially reasonable best efforts not to convert such checks into cash), ) or other property that they may receive on or after the Closing which properly belongs to the other party, party hereto or its Subsidiaries and shall will account to the other for all such receipts.

Appears in 1 contract

Sources: Acquisition Agreement (Savient Pharmaceuticals Inc)

Payments Received. After Sellers and Purchaser each agree that after the Closing, each of Seller and Buyer shall Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, direct deposits, checks with appropriate endorsements (using their commercially reasonable best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other party, including without limitation any accounts receivable and shall insurance proceeds, and will account to the other for all such receipts.

Appears in 1 contract

Sources: Asset Purchase Agreement (Adams Resources & Energy, Inc.)

Payments Received. After the Closing, each of Seller and Buyer Purchaser shall hold and shall promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their commercially reasonable best efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other party, including, without limitation, any insurance proceeds, and shall account to the other for all such receipts.

Appears in 1 contract

Sources: Asset Purchase Agreement (Consolidated Capital of North America Inc)

Payments Received. After the Closing, each of Seller the Sellers and Buyer the Purchasers shall hold and promptly transfer and deliver to the otherothers, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their commercially reasonable efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other party, another party and shall will account to the other for all such receipts.

Appears in 1 contract

Sources: Asset Purchase Agreement (Hunt Manufacturing Co)

Payments Received. After the Closing, each of Seller and Buyer shall Purchaser will hold and promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their commercially reasonable efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which that properly belongs to the other party, including any insurance proceeds, and shall will account to the other for all such receipts.

Appears in 1 contract

Sources: Asset Purchase Agreement (Metawave Communications Corp)

Payments Received. After the Closing, each of Seller and Buyer Purchaser each agree that after the Closing they shall hold and shall promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using their commercially reasonable efforts Best Efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other party, and shall account to the other for all such receipts.

Appears in 1 contract

Sources: Asset Purchase Agreement (Hollywood Media Corp)

Payments Received. After the Closing, each of Seller and Buyer shall agree that after the Closing they will hold and will promptly transfer and deliver to the other, from time to time as and when received by either of them, any cash, checks with appropriate endorsements (using their commercially reasonable efforts not to convert such checks into cash), or other property that they may receive on or after the Closing which properly belongs to the other party, and shall account to the other for all such receipts.

Appears in 1 contract

Sources: Asset Purchase Agreement (NCH Corp)

Payments Received. After the Closing, each of the Seller and Buyer the Purchaser shall hold and shall promptly transfer and deliver to the otherother party, from time to time time, as and when received by them, any cash, checks with appropriate endorsements (using their commercially reasonable best efforts not to convert such checks into cashcash or other funds), electronic funds, or other property similar transfers that they may receive on or after the Closing which properly belongs to the other partyother, and shall account to the other for all such receipts.

Appears in 1 contract

Sources: Stock Purchase Agreement (Umb Financial Corp)