Mail; Payments. (a) Each of Shell, Star, TRMI (East), Shell Norco and SRI authorizes and empowers the Company from and after the Effective Time to receive and open all mail and other communications directed to any of Shell, Star, TRMI (East), Shell Norco, SRI or their Affiliates and received by the Company, and, except for matters as to which Shell, TRMI (East), SRI or any of their respective Affiliates is providing indemnification under any Motiva Joint Venture Document, to act with respect to such communications in such manner as the Company may elect if such communications relate to the Contributed Assets. If such communications do not relate to the Contributed Assets or relate to matters as to which Shell, TRMI (East) or SRI is providing indemnification under any Motiva Joint Venture Document, the Company shall forward the same promptly to the party (or parties) providing such indemnification or to whom such communications relate. Each of Shell, Star, TRMI (East), Shell Norco and SRI shall, and shall cause their respective Affiliates to, promptly deliver to the Company any cash, checks, other instruments of payment and funds to which the Company is entitled and shall hold such cash, checks, other instruments of payment and funds in trust for the Company until such delivery. The Company shall promptly deliver to Shell, Star, TRMI (East), SRI, Shell Norco or their Affiliates, as applicable, any cash, checks or other instruments of payment to which such entity is entitled and shall hold such cash, checks or other instruments of payment in trust for such entity until such delivery. (b) The Company authorizes and empowers Shell, Star, TRMI (East), Shell Norco, SRI and their Affiliates from and after the Effective Time to receive and open all mail and other communications directed to the Company and received by any such entity, and to act with respect to such communications in such manner as such entity may elect if such communications do not relate to the Contributed Assets or do relate to matters as to which such entity or any of its Affiliates is providing indemnification under any Motiva Joint Venture Document or, if such communications do relate to the Contributed Assets and not to such indemnified matters, to forward the same promptly to the Company.
Appears in 2 contracts
Sources: Asset Transfer and Liability Assumption Agreement (Texaco Inc), Asset Transfer and Liability Assumption Agreement (Shell Oil Co)