Mail; Payments. (a) Sellers hereby authorize and empower Buyers after the Closing to receive and open all mail and other communications received by Buyers relating to the Business and to deal with the contents of such communications in good faith and in a proper manner. Sellers shall promptly deliver to Buyers any mail or other communication received by Sellers after the Closing pertaining to the Business. (b) Sellers shall promptly pay or deliver to Buyers any monies or checks relating to the Business which have been mistakenly sent after the Closing Date by customers or others to Sellers and which should have been sent to Buyers. (c) Sellers agrees that Buyers have the right and authority to endorse, without recourse, any check or other evidence of indebtedness received by Buyers in respect of any note or Account Receivable transferred to Buyers pursuant to this Agreement. Sellers shall furnish Buyers such evidence of this authority as Buyers may reasonably request.
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Sources: Asset Purchase Agreement, Asset Purchase Agreement (API Technologies Corp.)
Mail; Payments. (a) Sellers Seller hereby authorize and empower Buyers Buyer after the Closing to receive and open all mail and other communications received by Buyers Buyer relating to the Business and to deal with the contents of such communications in good faith and in a proper manner. Sellers Seller shall promptly deliver to Buyers Buyer any mail or other communication received by Sellers Seller after the Closing pertaining to the Business.
(b) Sellers Seller shall promptly pay or deliver to Buyers Buyer any monies or checks relating to the Business which have been mistakenly sent after the Closing Date by customers or others to Sellers Seller and which should have been sent to BuyersBuyer.
(c) Sellers Seller agrees that Buyers Buyer have the right and authority to endorse, without recourse, any check or other evidence of indebtedness received by Buyers Buyer in respect of any note or Account Receivable transferred to Buyers Buyer pursuant to this Agreement. Sellers Seller shall furnish Buyers Buyer such evidence of this authority as Buyers Buyer may reasonably request.
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