Common use of Payments Received Clause in Contracts

Payments Received. Seller and Purchaser each agree that after the Effective Date they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using commercially reasonable efforts not to convert such checks into cash), or other property that they may receive on or after the Effective Date that properly belongs to the other party, including without limitation any insurance proceeds, and will account to the other for all such receipts.

Payments Received. Seller and Purchaser each agree that after the ------------------ Effective Date Time they will hold and will promptly transfer and deliver to the otherproper recipient thereof, from time to time as and when received by them, any cash, checks with appropriate endorsements (using commercially reasonable their best efforts not to convert such checks into cash), or other property that they may receive on or after the Effective Date that Time which properly belongs to the other party, including without limitation limitation, any insurance proceeds, and will account to the other for all such receipts.

Payments Received. Seller and Purchaser each agree that after the Effective Date they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using commercially reasonable efforts not to convert such checks into cash), or other property that they may receive on or after the Effective Date that properly belongs to the other party, including including, without limitation limitation, any insurance proceeds, and will account to the other for all such receipts.

Payments Received. Seller Sellers and Purchaser each agree that after the Effective Date Time they will hold and will promptly transfer and deliver to the other, from time to time as and when received by them, any cash, checks with appropriate endorsements (using commercially reasonable their best efforts not to convert such checks into cash), or other property that they may receive on or after the Effective Date that Closing which properly belongs to the other partyParty, including without limitation any insurance proceeds, and will account to the other for all such receipts.