Common use of Payments to the Purchaser Clause in Contracts

Payments to the Purchaser. If the Seller receives, or has at any time received, any payment in respect of any Assumed Business Contract for any obligation to be discharged post the Transfer Time by the Purchaser pursuant to this Clause 6 the Seller shall: 6.3.1 Inform the Purchaser, of the same in writing. 6.3.2 The Purchaser shall upon the receipt of the notice mentioned in Clause 6.3.1, provide the Seller with the details of the bank account in which the amount mentioned in Clause 6.3 needs to be deposited. 6.3.3 The amount mentioned in Clause 6.3 shall be deposited in the bank account of the Purchaser mentioned Clause 6.

Appears in 1 contract

Sources: Business Transfer Agreement (Albany Molecular Research Inc)

Payments to the Purchaser. If the Seller receives, or has at any time received, any payment in respect of any Assumed Business Contract for any obligation to be discharged post the Transfer Time by the Purchaser pursuant to this Clause 6 the Seller shall: 6.3.1 27.3.1 Inform the Purchaser, of the same in writing. 6.3.2 27.3.2 The Purchaser shall upon the receipt of the notice mentioned in Clause 6.3.1, provide the Seller with the details of the bank account in which the amount mentioned in Clause 6.3 needs to be deposited. 6.3.3 27.3.3 The amount mentioned in Clause 6.3 shall be deposited in the bank account of the Purchaser mentioned Clause 6.

Appears in 1 contract

Sources: Business Transfer Agreement (Albany Molecular Research Inc)