Wrong Pocket. In the event any Seller or any of its Affiliates receives any payment related to the Assets after the Closing Date, each Seller agrees to promptly remit (or cause to be promptly remitted) such funds to Purchaser. In the event that Purchaser or any Affiliate of Purchaser receives any payment related to any Excluded Assets after the Closing Date, Purchaser agrees to promptly remit (or cause to be promptly remitted) such funds to such Seller.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Functional Brands Inc.), Asset Purchase Agreement (Functional Brands Inc.)
Wrong Pocket. In the event any that the Seller or any of its Affiliates Subsidiaries receives any payment related to the Assets constituting or arising from a Contributed Asset after the Closing Date, each the Seller agrees to promptly remit (or cause to be promptly remitted) such funds to Purchaserthe Buyer. In the event that Purchaser the Buyer or any Affiliate of Purchaser its Subsidiaries receives any payment related to any constituting or arising from an Excluded Assets Asset after the Closing Date, Purchaser the Buyer agrees to promptly remit (or cause to be promptly remitted) such funds to such the Seller.
Appears in 1 contract