Customer Notes Receivable Clause Samples

Customer Notes Receivable. Notes Receivable from customers -------------------------- of the Subsidiaries who agree to continue as customers after the Closing shall be included as assets in the Adjusted Closing Balance Sheet only after review of the credit file, including without limitation the security documentation and payment history, and acceptance of said Notes Receivable by the Buyer. Upon Closing, Sellers shall cooperate with Buyer to establish that all documentation of security interests related to accepted Notes Receivable is properly recorded and vested in the Subsidiary holding the Note Receivable.