Common use of Account Disputes Clause in Contracts

Account Disputes. Seller shall notify Purchaser promptly of and, if requested by Purchaser, will settle all disputes concerning any Purchased Account, at Seller's sole cost and expense. However, Seller shall not, without Purchaser's prior written consent, compromise or adjust any Purchased Account or grant any additional discounts, allowances or credits thereon. Purchaser may, but is not required to, attempt to settle, compromise, or litigate (collectively, "Resolve") the dispute upon such terms as Purchaser in its sole discretion deem advisable, for Seller's account and risk and at Seller's sole expense. Upon the occurrence of an Event of Default Purchaser may Resolve such issues with respect to any Account of Seller.

Appears in 4 contracts

Samples: Factoring Agreement (Competitive Technologies Inc), Factoring and Security Agreement (Genroco Inc), Factoring and Security Agreement (Tarpon Industries, Inc.)

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Account Disputes. Seller shall notify Purchaser promptly of and, if requested by PurchaserXxxxxxxxx, will settle all disputes concerning any Purchased Account, at Seller's ’s sole cost and expense. However, Seller shall not, without Purchaser's ’s prior written consent, compromise or adjust any Purchased Account or grant any additional discounts, allowances or credits thereon. Purchaser may, but is not required to, attempt to settle, compromise, or litigate (collectively, "Resolve") the dispute upon such terms terms, as Purchaser in its sole discretion deem deems advisable, for Seller's ’s account and risk and at Seller's ’s sole expense. Upon the occurrence of an Event of Default Purchaser may Resolve such issues with respect to any Account of Seller.

Appears in 1 contract

Samples: Factoring Agreement

Account Disputes. Seller shall notify Purchaser promptly of and, if requested by Purchaser, will settle all disputes Disputes concerning any Purchased Account, at Seller's ’s sole cost and expense. However, Seller shall not, without Purchaser's ’s prior written consent, compromise or adjust any Purchased Account or grant any additional discounts, allowances or credits thereon. Upon the occurrence of an Event of Default, Purchaser may, but is not required to, attempt to settle, compromise, or litigate (collectively, "Resolve") the dispute any Dispute upon such terms as Purchaser Purchaser, in its sole discretion deem discretion, deems advisable, for at Seller's account and ’s risk and at Seller's ’s sole cost and expense. Upon the occurrence of an Event of Default Purchaser may Resolve such issues with respect to any Account of Seller.

Appears in 1 contract

Samples: Invoice Purchase and Sale Agreement (Vapor Corp.)

Account Disputes. Seller Sellers shall notify Purchaser promptly of and, if if, but only if, requested by PurchaserPurchaser in writing, at Sellers sole cost and expense, will seek to settle all disputes concerning any pool of Purchased AccountAccounts. No final resolution shall be made without Sellers having first obtained Purchaser’s express written authorization. Purchaser shall at all times be irrevocably authorized, but not required, at Seller's Sellers’ sole cost and expense. However, Seller shall not, without Purchaser's prior written consent, compromise or adjust any Purchased Account or grant any additional discounts, allowances or credits thereon. Purchaser may, but is not required to, attempt expense to settle, compromise, or litigate (collectively, "Resolve") the any dispute concerning any pool of Purchased Accounts upon such terms as Purchaser in its sole discretion deem discretion, deems advisable, for without otherwise seeking Seller's account and risk and at Seller's sole expense’s consent. Upon the occurrence of an Event of Default Default, Purchaser may is also authorized to Resolve such issues with respect to any dispute concerning any Account of without seeking Seller’s consent.

Appears in 1 contract

Samples: Revolving Purchase and Security Agreement (Cardiff Lexington Corp)

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Account Disputes. Seller shall notify Purchaser promptly of and, if requested by Purchaser, will settle all disputes concerning any Purchased Account, at Seller's sole cost and expense. However, Seller shall not, without Purchaser's prior written consent, compromise or adjust any Purchased Account or grant any additional discounts, allowances or credits thereon. Purchaser may, but is not required to, attempt to settle, compromise, or litigate (collectively, "Resolve") the dispute upon such terms as Purchaser in its sole discretion deem advisable, for Seller's account and risk and at Seller's sole expense. Upon the occurrence of an Event of Default Default, Purchaser may Resolve such issues with respect to any Account of SellerPurchased Account.

Appears in 1 contract

Samples: Factoring and Security Agreement (Sheldahl Inc)

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