Common use of Wrong Pocket Clause in Contracts

Wrong Pocket. If any Party receives any payment after the Closing for any product or service sold by or on behalf of the other Parties or in satisfaction of any receivable or similar obligation that is a Sold Asset (in the case of Seller) or Excluded Asset (in the case of Buyers), then such Party will promptly remit such funds to the appropriate other Party. Nothing in this Section 9.09 will impose any duty or obligation of any of the Parties to collect any payments or amounts for the other Parties.

Wrong Pocket. If any Party receives any payment after the Closing for any product or service sold by or on behalf of the other Parties or in satisfaction of any receivable or similar obligation that is a Sold Purchased Asset (in the case of Seller) or Excluded Asset (in the case of BuyersPurchaser), then such Party will promptly remit such funds to the appropriate other Party. Nothing in this Section 9.09 6.07 will impose any duty or obligation of any of the Parties to collect any payments or amounts for the other Parties.