Common use of Additional Payments Received Clause in Contracts

Additional Payments Received. After the Final Settlement Date, each Party covenants and agrees that it will hold and promptly transfer and deliver to the rightful Party, from time to time as and when received by it, any cash, checks with appropriate endorsements (using its reasonable efforts not to convert such checks into cash), or other property that it may receive which properly belongs to the other Party, and will account to the other Party for all such receipts.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Lucas Energy, Inc.), Purchase and Sale Agreement (Lucas Energy, Inc.)

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Additional Payments Received. After the Final Settlement Date, each Party covenants all Parties covenant and agrees agree that it will hold and promptly transfer and deliver to the rightful Party, from time to time as and when received by it, any cash, checks with appropriate endorsements (using its reasonable efforts not to convert such checks into cash)endorsements, or other property that it may receive which properly belongs to the other Party, and will account to the other Party for all such receipts.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chancellor Group Inc/)

Additional Payments Received. After the Final Settlement Closing Date, each Party covenants and agrees that it will hold and promptly transfer and deliver to the rightful Party, from time to time as and when received by it, any cash, checks with appropriate endorsements (using its reasonable efforts not to convert such checks into cash), or other property that it may receive which properly belongs to the other Party, and will account to the other Party for all such receipts.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lucas Energy, Inc.)

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Additional Payments Received. After the Final Settlement Date, each Party covenants and agrees that it will hold and promptly within 48 hours transfer and deliver to the rightful other Party, from time to time as and when received by it, any cash, checks with appropriate endorsements (using its reasonable efforts not to convert such checks into cash), ) or other property that it may receive receives which properly belongs belong to the other Party, and will account to the such other Party for all such receipts.

Appears in 1 contract

Samples: Contribution Agreement (BreitBurn Energy Partners L.P.)

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