Common use of Post-Closing Payments Clause in Contracts

Post-Closing Payments. Seller agree promptly to endorse and pay over or cause to be endorsed and paid over to Buyer, without deduction or offset, the full amount of any payment received by Seller after the Closing in respect of goods sold or services rendered as part of the Business, except for payments regarding goods sold and shipped prior to the Effective Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Eagle Broadband Inc), Asset Purchase Agreement (Nighthawk Systems Inc)

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Post-Closing Payments. Seller agree promptly to endorse and pay over or cause to be endorsed and paid over to Buyer, without deduction or offset, the full amount of any payment received by Seller or any Seller Entity after the Closing in respect of goods sold or services rendered as part of the Business, except for payments regarding goods sold and shipped prior to the Effective DateBusinesses.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Execute Sports Inc), Asset Purchase Agreement (Challenger Powerboats, Inc.)

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