Post-Effective Date Receipts definition

Post-Effective Date Receipts means any and all receipts by Seller (including receipts relating to Net Accounts Receivable and customer deposits received after the Effective Date) relating to the operation of the Acquired Assets from the Effective Date through the Closing Date. For the avoidance of doubt, to the extent that Seller receives payment relating to a Net Account Receivable after the Effective Date and prior to the Closing Date or otherwise receives any payment relating to the operation of the Acquired Assets after the Effective Date, the full amount of any such payment shall be included as a Post-Effective Date Receipt and applied as a downward adjustment to the Working Capital Payment to the extent such payment is not otherwise remitted to Buyer, it being the intent of the parties hereto that Buyer shall have the benefit of the operation of the Acquired Assets after the Effective Date.
Post-Effective Date Receipts means any income from the sale of Hydrocarbons on and after the Effective Date, receipts, insurance proceeds, reimbursements, cost recovery entitlements (whenever the relevant costs relating to the cost recovery entitlements were or are incurred even if prior to the Effective Date), received by Sellers (and/or any other member of Sellers’ Group) on or after the Effective Date to the extent relating to the First Transferred Interests or Second Transferred Interests, as the case requires, save to the extent that the same have been received by Sellers prior to the Effective Date; "[*****]" shall have the meaning ascribed thereto in Section [*****];
Post-Effective Date Receipts means any income from the sale of Hydrocarbons on and after the Effective Date, receipts, insurance proceeds, reimbursements, cost recovery entitlements (whenever the relevant costs relating to the cost recovery entitlements were or are incurred even if prior to the Effective Date), received by Sellers (and/or any other member of Sellers’ Group) on or after the Effective Date to the extent relating to the First Transferred Interests or Second Transferred Interests, as the case requires, save to the extent that the same have been received by Sellers prior to the Effective Date;

Examples of Post-Effective Date Receipts in a sentence

  • Instruct the independent auditor and the internal auditor, if any, that the Committee expects to be advised if there are any subjects that require special attention.

  • Any Post-Effective Date Receipts taken into account in the calculation of the Reimbursement Amount shall not be recoverable by Purchaser pursuant to Section 3.2 .

  • Available Cash means, collectively, (i) Effective Date Available Cash, (ii) Surplus Reserved Cash, (iii) Post-Effective Date Receipts, and (iv) funds reserved in the Disputed Claims Reserves for Disputed Non-PI General Unsecured Claims to the extent the funds in such Disputed Claims Reserves exceed the amount required to be held in such Disputed Claims Reserves pursuant to Section 6.3 of this Plan.

Related to Post-Effective Date Receipts