Mail Received After Closing. (a) In the event that the Buyer receives after the Closing any mail or other communications addressed to the Seller, the Buyer may open such mail or other communications and deal with the contents thereof in its discretion to the extent that such mail or other communications and the contents thereof relate to the Business or any of the Transferred Assets or to any of the Assumed Liabilities, including the right to endorse without recourse the name of the Seller on any check received by the Buyer with respect to the Business or the Transferred Assets, and to deal with the proceeds in accordance with the terms of this Agreement. The Buyer agrees to deliver promptly or cause to be delivered to the Seller all other mail and the contents thereof which does not relate to the Transferred Assets or the Assumed Liabilities.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Paradyne Networks Inc), Asset Purchase Agreement (P Com Inc)
Mail Received After Closing. (a) In the event that the Buyer receives after the Closing any mail or other communications addressed to the Seller, the Buyer may open such mail or other communications and deal with the contents thereof in its discretion to the extent that such mail or other communications and the contents thereof relate to the Business or any of the Transferred Acquired Assets or to any of the Assumed Liabilities, including the right to endorse without recourse the name of the Seller on any check received by the Buyer with respect to the Business or the Transferred Acquired Assets, and to deal with the proceeds in accordance with the terms of this Agreement. The Buyer agrees to deliver promptly or cause to be delivered to the Seller all other mail and the contents thereof which does not relate to the Transferred Acquired Assets or the Assumed Liabilities.
Appears in 1 contract
Mail Received After Closing. (a) In the event that the Buyer receives after the Closing any mail or other communications addressed to any of the SellerSellers, the Buyer may open such mail or other communications and deal with the contents thereof in its discretion to the extent that such mail or other communications and the contents thereof relate to the Business or any of the Transferred Assets or to any of the Assumed Liabilities, including the right to endorse without recourse the name of the Seller Sellers on any check received by the Buyer with respect to the Business or the Transferred Assets, and to deal with the proceeds in accordance with the terms of this Agreement. The Buyer agrees to deliver promptly or cause to be delivered to the Seller Sellers all other mail and the contents thereof which does not relate to the Transferred Assets or the Assumed Liabilities.
Appears in 1 contract