Receipt of Assets. The Trustee shall receive and accept for the purposes hereof all sums of money and other property paid to it by or at the direction of the Client or any Employer or the Recordkeeper, and shall hold, invest, reinvest, manage, administer and distribute such monies and other property and the increments, proceeds, earnings and income thereof pursuant to the terms of this Trust Agreement and for the exclusive benefit of participants in the Plans and their beneficiaries. The Trustee need not inquire into the source of any money or property transferred to it nor into the authority or right of the transferor of such money or property to transfer such money or property to the Trustee. All Plan assets held by the Trustee in the trust pursuant to the provisions of this Trust Agreement at the time of reference are referred to herein as the “Trust Fund”.
Receipt of Assets. Subject to restrictions mutually acceptable to the Program Sponsor and the Custodian on the categories of assets, and subject to the restrictions stated in Section 5.4, the Custodian or its agents will receive and accept for the Custodial Account all money, securities and other property transferred, assigned and delivered to it from any source by or at the direction of the Program Sponsor. The Custodian has no duty to inquire into the source of any assets transferred to it or the right of the transferor of such assets to transfer them to the Custodian. Each Contribution shall be in a form acceptable to the Custodian. If a Custodial Account to which a Contribution is to be credited has not yet been established, or if in the opinion of the Program Sponsor or the Custodian the documents received by either of them are not clear with respect to any Contribution, the Custodian may invest such Contribution as directed by the Program Sponsor, without liability, pending establishment of the Participant Account or completion or clarification of the information necessary for proper credit to the Participant Account, as the case may be.
Receipt of Assets. All assets, amounts and proceeds which are received (whether received in lock boxes, via wire transfer, by check or otherwise) or possessed by Parent, the Company or any Affiliate of any thereof at or after the Effective Time in respect of the Assets or the Assumed Liabilities will be received or possessed and held in trust for the benefit of Buyer and will be forthwith paid over to Buyer in the form so received or possessed (with any necessary endorsement). Without limiting the generality of the foregoing, Parent and the Company will, and will cause each of their respective Affiliates to, wire transfer to an account designated by Buyer all payments in respect of accounts receivable which constitute Assets received by Parent, the Company or any Affiliate of any thereof within three business days after receipt thereof. Effective as of the Effective Time, each of Parent and the Company, on behalf of itself and its respective Affiliates, hereby grants to Buyer the right and authority to endorse without recourse the name of the Company on any check or any other evidences of indebtedness or negotiable instruments received by Buyer on account of any accounts receivable or other Assets transferred to Buyer hereunder.
Receipt of Assets. In order to assist Kips Bay in developing, manufacturing and marketing the Brushed Graft Product and the Mesh Graft Product, as soon as practicable after the date of this Agreement, Medtronic will execute the Xxxx of Sale set forth in Exhibit F, and will transfer and assign to Kips Bay the assets as set forth in Exhibit G, excluding any liabilities or third-party claims relating thereto. In consideration for such assets, Kips Bay will pay Medtronic, by wire transfer of immediately available funds, on the date hereof, $55,202.50.
Receipt of Assets. All assets, amounts and proceeds which are received (whether received in lock boxes, via wire transfer, by check or otherwise) or possessed by Seller, any Seller Subsidiary or any Affiliate of any thereof at or after the Effective Time in respect of the Assets or the Assumed Liabilities will be received or possessed and held in trust for the benefit of Buyer and will be forthwith paid over to Buyer in the form so received or possessed (with any necessary endorsement). Without limiting the generality of the foregoing, Seller will, and will cause each Seller Subsidiary and each of its and their Affiliates to, wire transfer to an account designated by Buyer all payments in respect of Business-Related Accounts Receivable received by Seller, any Seller Subsidiary or any Affiliate of any thereof within three business days after receipt thereof. Effective as of the Effective Time, Seller, on behalf of itself and its Affiliates, hereby grants to Buyer the right and authority to endorse without recourse the name of Seller, any Seller Subsidiary or any Affiliate of any thereof on any check or any other evidences of indebtedness or negotiable instruments received by Buyer on account of any Business-Related Accounts Receivable or other Assets transferred to Buyer hereunder.
Receipt of Assets. The Collateral Administrator shall credit all Assets of the Borrower, all proceeds of any Loan and all cash Delivered by Borrower or received in connection with any Asset to the Collateral Account.
Receipt of Assets. The Trustee shall receive and accept into the Trust Fund all currency and all securities or other property paid to it in accordance with instructions from an authorized person, provided that, in the case of securities or other property, such securities or other property are reasonably acceptable to the Trustee. The Trustee need not inquire into the source of any currency or securities or other property transferred to it nor into the authority or right of the transferor of such currency or securities or other property to transfer the same to the Trustee.
Receipt of Assets. Any asset (including all ----------------- remittances and all mail and other communications) that is or otherwise relates to the Business and that is or comes into the possession, custody or control of Seller or any of Seller's Affiliates after the Closing must forthwith be transferred, assigned and conveyed by Seller or such Affiliate to Xxxxxxx XX. Until such transfer, assignment and conveyance, Seller and Seller's Affiliates do not have any right, title or interest in such asset nor may they use the same; rather, they hold such asset in trust for the benefit of Xxxxxxx XX.
Receipt of Assets. 2 1.2 Employers . . . . . . . . . . . . . . . . 3 1.3 Plans . . . . . . . . . . . . . . . . . . 3 1.4 Accounting for a Plan's Undivided Interest in the Trust Fund. . . . . . . . . . . . 4 1.5
Receipt of Assets. 2 1.2 Employers .......................................................... 3 1.3 Plan ............................................................... 3 1.4 Accounting for a Plan's Undivided Interest in the Trust Fund .................................................. 3 1.5
