Accounts Receivable Collection. I will collect and otherwise enforce all of my unpaid Accounts Receivable at my cost and expense, until you end my authority to do so, which you may do at any time to protect your best interests. I will not sell, assign or otherwise dispose of any Accounts Receivable without your written consent. I will not commingle the Accounts Receivable proceeds with any of my other property.
Accounts Receivable Collection. On the Closing Date or ------------------------------ as soon thereafter as practicable, the Buyer shall send a letter from the Buyer, and to the extent commercially reasonable and reasonably acceptable to the Seller, to each of the obligors on the accounts receivable and other receivables included in the Purchased Assets (the "Purchased Receivables") informing each such obligor of the transfer of the Pet Business contemplated hereby and instructing them to remit all payments and other items in respect of the Purchased Receivables and all future accounts receivable of the Pet Business as directed in such letter. If the Buyer receives any payment with respect to any accounts receivable not included in the Purchased Assets (or, to the extent included in the Purchased Assets, if the Buyer receives any payment with respect to any accounts receivable in excess of the amount of accounts receivable (net of reserves therefor) set forth on the Final Statement of Working Capital), the Buyer shall reasonably promptly deliver such payment to the Seller; provided, -------- that the Buyer shall not be required to deliver any such payment to the Seller ---- more frequently than once per week. If the Seller or any of its Subsidiaries receives any payment with respect to any of the Purchased Receivables or any accounts receivable or other receivable for Products sold or services rendered after the Closing Date and included in the Purchased Assets, the Seller shall reasonably promptly deliver such payment to the Buyer; provided, that the Seller -------- ---- shall not be required to deliver any such payment to the Buyer more frequently than once per week. For each of the Purchased Receivables, any amounts received by Seller from the account customer shall be applied first to reduce the Purchased Receivables and then to the other amounts owed by such customer, except for amounts of any receivables as to which the account customer is disputing.
Accounts Receivable Collection. Issuing any credit on account will be the responsibility of the office clerk. This will include credits to customers, employees and new sales contracts.
Accounts Receivable Collection. Schedule H sets forth a listing showing aging by customer of the Accounts Receivable that are outstanding as of the date hereof. The Accounts Receivable are not subject to any written or, to Seller's knowledge, oral agreement or understanding providing for any credit, chargeback, counterclaim, setoff, discount, returns or co-operative marketing payments in respect thereof, except for any such credits, chargebacks, counterclaims, setoffs, discounts, returns or co-operative marketing payments that have been estimated and reserved for based on historical experience (either generally or specifically) on the books and records of Seller. Seller has not accelerated or delayed collection of Accounts Receivable in advance of or beyond their regular due dates or the dates when the same would otherwise have been collected other than in the ordinary course of business. Accounts Receivable with extended payment terms providing for payments over more than 90 days are carried at no greater than present value.
Accounts Receivable Collection. 16 2.13 Software............................................................ 16 2.14
Accounts Receivable Collection. The Company shall exercise its reasonable commercial efforts to collect the Accounts Receivable but shall not be obligated to initiate litigation as part of such collection efforts. All payments received by the Company after the Transfer Time from third parties who are the obligors on the
Accounts Receivable Collection. All accounts receivable of the Business as of the Closing Date are being retained by Seller. In the event Buyer shall receive any amounts due to Seller pursuant to such accounts receivable, Buyer shall remit such amounts to Seller at the end of each month. In the event Buyer or Seller shall receive any amounts due to the other under this Agreement after the Closing Date, Buyer and/or Seller shall remit such amounts to the other before the end of each month. Nothing in this Agreement shall obligate Buyer to initiate or prosecute any collection or other action with respect to any accounts receivable retained by Seller; provided that Buyer shall cooperate with Seller in any such action initiated by Seller. All future receivables generated post closing subsequent to the Closing Date shall become the property and asset of Buyer.
Accounts Receivable Collection. Following the AR Closing, Purchaser agrees to: (i) use reasonable commercial efforts to collect the Accounts Receivable (and such efforts shall be no less diligent in all material respects than Purchaser uses to collect its accounts receivable generated in its own operations); (ii) apply Seller's written standard accounts receivable collection practices in the collection of the Accounts Receivable; (iii) apply proceeds received by Seller from debtors under the Accounts Receivable in order of maturity of the Accounts Receivable (and other existing accounts receivable of Purchaser from the same debtor); and (iv) not intentionally compromise, cancel, excuse or modify in any material respect any Accounts Receivable without Seller's prior written consent, which consent shall not be unreasonably withheld. Subject to the foregoing, regardless of any disclosure and to the extent that Purchaser is required to record a write-off with respect to all or any portion of the Accounts Receivable in connection with the preparation of its year
Accounts Receivable Collection. The Company will collect and otherwise enforce all of its unpaid Accounts Receivable at the Company’s cost and expense, until you end its authority to do so, which you may do at any time to protect your best interests. Notwithstanding the foregoing, you agree that you will not end its authority to collect the Company’s unpaid Accounts Receivables until the Company is in default of this Agreement or any other Loan Documents. The Company will not sell, assign or otherwise dispose of any Accounts Receivable without your written consent.
Accounts Receivable Collection. 8.3.6-1 EXHIBIT 11 NON-COMPETITION.........................................11-1 SERVICE AGREEMENT THIS SERVICE AGREEMENT ("Agreement") dated as of November 12, 1996, by and between SPECIALTY CARE NETWORK, INC., a Delaware corporation ("Company"), VERO ORTHOPAEDICS II, P.A., a Florida corporation, ("VERO II") and XXXXX X. XXXX, M.D., XXXXX X. XXXXXXX, M.D., XXXXXX X. XXXXXXX, M.D., XXXXX X. XXXXXXXX, M.D. and XXXXXXXX XXXXXX, M.D. ("Physician Owner[s]"), citizens and residents of Florida.
