Definition of Post-Closing Accounts Receivable


Post-Closing Accounts Receivable means all Accounts Receivable accruing including pursuant to any Intel Transferred Sales Order or ST Transferred Sales Order, as the case may be,
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Examples of Post-Closing Accounts Receivable in a sentence

Sellers will promptly turn over all checks, drafts and other cash proceeds, including those received by wire transfer, relating to the collection of Post-Closing Accounts Receivable after the Closing Date.
Without limiting the foregoing, Newco shall forward to ST, immediately upon receipt thereof, any payments of Pre-Closing Accounts Receivable of ST or any of its Subsidiaries (other than Third Party A/R Owed to ST Transferred Entities), and ST shall forward to Newco, immediately upon receipt thereof, any payments of Post-Closing Accounts Receivable of Newco or any of its Subsidiaries unless otherwise set forth in the ST Transition Services Agreement.
The Seller hereby acknowledges that, promptly following the Closing, the Buyer will, and the Seller shall promptly cooperate with the Buyer's request to, notify all of the third parties to the Transferred Contracts that they should forward Post-Closing Accounts Receivable directly to the Buyer.
All payments received by Buyer or Seller for services or goods performed or provided by the Facilities which have indicated on the check or other information accompanying the payment the period of care for which the payment is being made shall be applied to satisfaction of the Pre-Closing Accounts Receivable or the accounts receivable of Buyer arising on or after the Closing Date (Post-Closing Accounts Receivable), as the case may be, in accordance with the specification made by the payor.
Without limiting the foregoing, Newco shall forward to Intel, immediately upon receipt thereof, any payments of Pre-Closing Accounts Receivable of Intel or any of its Subsidiaries, and Intel shall forward to Newco, immediately upon receipt thereof, any payments of Post-Closing Accounts Receivable of Newco or any of its Subsidiaries unless otherwise set forth in the Intel Transition Services Agreement.