Common use of Collection of Amounts Owed to a Party Clause in Contracts

Collection of Amounts Owed to a Party. It is the intention of the Parties that, as between the Parties, Seller shall be entitled to all income attributable to the operations conducted prior to the Effective Time and Buyer shall be entitled to all income attributable to the operations conducted on and after the Effective Time. Each Party shall pay to the other Party, promptly after receipt thereof, any amount received by said Party from any third party with respect to (i) rentals, fees or other revenues relating to the Operations and attributable to the ownership period of the other Party; and (ii) products delivered, services performed or other obligations performed by the other Party and attributable to the ownership period of such other Party.

Collection of Amounts Owed to a Party. It Except as otherwise provided in Article II, it is the intention of the Parties parties that, as between the Partiesparties, Seller shall be entitled to all income attributable to the operations Business conducted prior to the Effective Time and Buyer shall be entitled to all income attributable to the operations Business conducted on and after the Effective Time. Each Party Except as otherwise provided in Article II, each party shall pay to the other Partyparty, promptly after receipt thereof, any amount received by said Party party from any third party with respect to (i) rentals, fees or other revenues relating to the Operations Business and attributable to the ownership period of the other Partyparty; and (ii) products delivered, services performed or other obligations performed by the other Party party and attributable to the ownership period of such other Partyparty.

Collection of Amounts Owed to a Party. It is the intention of the Parties that, as between the Parties, Seller shall be entitled to all income attributable to the operations conducted prior to and including the Effective Time and Buyer shall be entitled to all income attributable to the operations conducted on and after the Effective Time. Each Party shall pay to the other Party, promptly after receipt thereof, any amount received by said Party from any third party with respect to (i) rentals, fees or other revenues relating to the Operations and attributable to the ownership period of the other Party; and (ii) products delivered, services performed or other obligations performed by the other Party and attributable to the ownership period of such other Party.