PAYMENTS TO PURCHASER. The Seller hereby agrees that from and after the Closing Date it shall pay over to the Purchaser, as assignee of the Purchased Assets, all amounts received by the Seller with respect to the Purchased Assets. Any amounts received by the Seller contrary to the preceding sentence shall be received by the Seller in trust for the benefit of the Purchaser and shall be immediately paid by the Seller to and as directed by the Purchaser.
Appears in 4 contracts
Sources: Purchase and Sale Agreement (Se Thunderbird Lp), Purchase and Sale Agreement (Enron North America Corp), Purchase and Sale Agreement (Enron North America Corp)