Common use of Right to Collect Clause in Contracts

Right to Collect. Following the closing, Operating Corp. shall have the right to collect the accounts receivables of the Company and to settle, compromise, ▇▇▇ for collection, or take any action whatsoever with respect to the receivables. Company shall cooperate with Operating Corp. in notifying customers as to any payment instructions or change of address that Operating Corp. may wish to communicate to the customers. In the event Company receives payment of any receivable transferred to the Operating Corp., it shall promptly endorse such payment and deliver it over to the Operating Corp.

Right to Collect. Following the closing, Operating Corp. shall have the right to collect the accounts receivables of the Company and to settle, compromise, ▇s▇▇ for collection, or take any action whatsoever with respect to the receivables. Company shall cooperate with Operating Corp. in notifying customers as to any payment instructions or change of address that Operating Corp. may wish to communicate to the customers. In the event Company receives payment of any receivable transferred to the Operating Corp., it shall promptly endorse such payment and deliver it over to the Operating Corp.