Common use of Contemplated Transaction Clause in Contracts

Contemplated Transaction. Seller covenants and agrees to forward to Buyer, within five (5) business days of Seller's receipt of the same, any and all payments which Seller may receive in respect of the accounts receivable or any payments which relate or pertain to sales by Buyer after the Closing, which payments are delivered to Seller or are otherwise received by Seller. In the event that Buyer at any time receives checks payable to Seller for amounts owed to Buyer, Buyer shall deliver such checks to Seller and Seller shall endorse such checks to Buyer or remit to Buyer the amounts represented by such checks within five (5) business days of Seller's receipt of same. In the event that Buyer at any time receives checks for amounts owed to Seller, Buyer shall deliver such checks to Seller or remit to Seller the amounts represented by such checks within five (5) business days of Buyer's receipt of same.