Common use of Mail and Receivables Clause in Contracts

Mail and Receivables. The Seller hereby irrevocably authorizes the Buyer after the Closing to receive and open all mail and other communications received by the Buyer and addressed or directed to the Seller and, to the extent relating to the Business, the Purchased Assets or the Assumed Liabilities, to act with respect to such communications in such manner as the Buyer may elect. If any such communication does not relate to the Business, the Purchased Assets or the Assumed Liabilities, the Buyer will forward such communication to the Seller. The Seller will, and the Parent will cause the Seller to, promptly deliver to the Buyer the original of any mail or other communication received by the Seller after the Closing that relates to the Business, the Purchased Asset or the Assumed Liabilities. After the Closing, the Seller will, and the Parent will cause the Seller to, promptly remit to the Buyer any payment relating to the Business or the Purchased Assets (including payments for Accounts Receivable) that the Seller receives.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ambassadors International Inc)

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Mail and Receivables. The Seller hereby irrevocably authorizes the Buyer after the Closing to receive and open all mail and other communications received by the Buyer and addressed or directed to the Seller and, to the extent relating to the Business, the Purchased Assets or the Assumed Liabilities, to act with respect to such communications in such manner as the Buyer may elect. If any such communication does not relate to the Business, the Purchased Assets or the Assumed Liabilities, the Buyer will forward such communication to the such Seller. The Seller will, and the Parent will cause the Seller to, promptly deliver to the Buyer the original of any mail or other communication received by the Seller after the Closing that directly relates to the Business and a copy of any such mail or other communication to the extent that a portion of such mail or communication relates to the Business. The Seller hereby irrevocably authorizes the Buyer after the Closing to endorse, without recourse, the name of the Seller on any check or any other evidence of indebtedness received by the Buyer if such check or evidence of indebtedness is in respect of a Purchased Asset or the Assumed LiabilitiesAsset. After the Closing, the Seller will, and the Parent will cause the Seller to, promptly remit to the Buyer any payment relating to the Business or the that is in respect of a Purchased Assets (including payments for Accounts Receivable) Asset that the Seller receives.

Appears in 1 contract

Samples: Asset Purchase Agreement (Primo Water Corp)

Mail and Receivables. The Seller hereby irrevocably authorizes the Buyer after the Closing to receive and open all mail and other communications received by the Buyer and addressed or directed to the Seller and, to the extent relating to the Business, the Purchased Assets or the Assumed Liabilities, to act with respect to such communications in such manner as the Buyer may elect. If any such communication does not relate to the Business, the Purchased Assets or the Assumed Liabilities, the Buyer will forward such communication to the Seller. The Seller will, and the Parent Members will cause the Seller to, promptly deliver to the Buyer the original of any mail or other communication received by the Seller after the Closing that relates to the Business, the Purchased Asset or the Assumed Liabilities. The Seller hereby irrevocably authorizes the Buyer after the Closing to endorse, without recourse, the name of the Seller on any check or any other evidence of indebtedness received by the Buyer on account of any of the Purchased Assets or the Business. After the Closing, the Seller will, and the Parent Members will cause the Seller to, promptly remit to the Buyer any payment relating to the Business or the Purchased Assets (including payments for Accounts Receivable) that the Seller receives.

Appears in 1 contract

Samples: Asset Purchase Agreement (Primo Water Corp)

Mail and Receivables. The Each Seller hereby irrevocably authorizes the each Buyer after the Closing to receive and open all mail and other communications received by the such Buyer and addressed or directed to the such Seller and, to the extent relating to the Business, the Purchased Assets or the Assumed Liabilities, to act with respect to such communications in such manner as the such Buyer may elect. If any such communication does not relate to the Business, the Purchased Assets or the Assumed Liabilities, the such Buyer will forward such communication to the such Seller. The Each Seller will, and the Parent will cause the Seller to, promptly deliver to the each Buyer the original of any mail or other communication received by the such Seller after the Closing that directly relates to the Business and a copy of any such mail or other communication to the extent that a 44 portion of such mail or communication relates to the Business. Each Seller hereby irrevocably authorizes each Buyer after the Closing to endorse, without recourse, the name of such Seller on any check or any other evidence of indebtedness received by such Buyer if such check or evidence of indebtedness is in respect of a Purchased Asset or the Assumed LiabilitiesAsset. After the Closing, the each Seller will, and the Parent will cause the Seller to, promptly remit to the applicable Buyer any payment relating to the Business or the that is in respect of a Purchased Assets (including payments for Accounts Receivable) Asset that the such Seller receives.

Appears in 1 contract

Samples: Asset Purchase Agreement (Primo Water Corp)

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Mail and Receivables. The Each Seller hereby irrevocably authorizes the Buyer after the Closing to receive and open all mail and other communications received by the Buyer and addressed or directed to the respective Seller and, to the extent relating to the BusinessOperations, the Purchased Assets or the Assumed Liabilities, to act with respect to such communications in such manner as the Buyer may elect. If any such communication does not relate to the BusinessOperations, the Purchased Assets or the Assumed Liabilities, the Buyer will forward such communication to the respective Seller. The Each Seller will, and the Parent will cause the Seller to, promptly deliver to the Buyer the original of any mail or other communication received by the such Seller after the Closing that relates to the BusinessOperations, the Purchased Asset or the Assumed Liabilities. Each Seller hereby irrevocably authorizes the Buyer after the Closing to endorse, without recourse, the name of the respective Seller on any check or any other evidence of indebtedness received by the Buyer on account of any of the Purchased Assets or the Operations. After the Closing, the each Seller will, and the Parent will cause the Seller to, promptly remit to the Buyer any payment relating to the Business Operations or the Purchased Assets (including payments for Accounts Receivable) that the respective Seller receives.

Appears in 1 contract

Samples: Asset Purchase Agreement (Monro, Inc.)

Mail and Receivables. The Seller hereby irrevocably authorizes the Buyer after the Closing to receive and open all mail and other communications received by the Buyer and addressed or directed to the Seller and, to the extent relating to the Business, the Purchased Assets or the Assumed Liabilities, to act with respect to such communications in such manner as the Buyer may elect. If any such communication does not relate to the Business, the Purchased Assets or the Assumed Liabilities, the Buyer will forward such communication to the Seller. The Seller will, and the Parent will cause the Seller to, shall promptly deliver to the Buyer the original of any mail or other communication received by the Seller or its Affiliates after the Closing that relates to the Business, the Purchased Asset Assets or the Assumed Liabilities. The Seller hereby irrevocably authorizes the Buyer after the Closing to endorse, without recourse, the name of the Seller on any check or any other evidence of indebtedness received by the Buyer on account of any of the Purchased Assets or the Business. After the Closing, the Seller will, and the Parent will cause the Seller to, promptly remit to the Buyer any payment relating to the Business or the Purchased Assets (including payments for Accounts Receivable) that the Seller receives.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pike Electric CORP)

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