Common use of Assignment and Sale Clause in Contracts

Assignment and Sale. 1.1.1. Borrower shall offer to sell to Lender as absolute owner, with full recourse, such of Xxxxxxxx's Accounts as submitted to Lender for purchase. 1.1.2. Each Account submitted by Borrower for purchase shall be accompanied by such documentation supporting and evidencing the Account. 1.1.3. Lender may not purchase any Account which will cause the unpaid balance of Purchased Accounts to exceed the Maximum Line Amount. 1.1.4. Accounts submitted to Lender must exceed Minimum Invoice Size as stated within the General Rates and Fees, except as otherwise agreed by both parties in an Authenticated Record. 1.1.5. Lender shall pay the Purchase Price, of any Purchased Account, less any amounts due to Lender from Borrower, including, without limitation, any amounts due under Sections 2.1 and 3.1 hereof, to Borrower within five (5) business days of the Purchase Date, whereupon the Accounts shall be deemed purchased hereunder. 1.1.6. Upon execution of this Agreement, Xxxxxxxx shall pay the Closing Fee. 1.1.7. All Purchases shall be made at the absolute sole discretion of the Lender.

Assignment and Sale. 1.1.1. Borrower Seller shall offer to sell to Lender Purchaser as absolute owner, with full recourse, such of Xxxxxxxx's Seller’s Accounts as submitted to Lender Purchaser for purchase. 1.1.2. Each Account submitted by Borrower Seller for purchase shall be accompanied by such documentation supporting and evidencing the Account. 1.1.3. Lender Purchaser may not purchase any Account which will cause the unpaid balance of Purchased Accounts to exceed the Maximum Line Amount. 1.1.4. Accounts submitted to Lender Purchaser must exceed Minimum Invoice Size as stated within the General Rates and Fees, except as otherwise agreed by both parties in an Authenticated Record. 1.1.5. Lender Purchaser shall pay the Purchase Price, of any Purchased Account, less any amounts due to Lender Purchaser from BorrowerSeller, including, without limitation, any amounts due under Sections 2.1 and 3.1 hereof, to Borrower Seller within five (5) business days of the Purchase Date, whereupon the Accounts shall be deemed purchased hereunder. 1.1.61.1.7. Upon execution of this Agreement, Xxxxxxxx Seller shall pay the Closing Fee. 1.1.71.1.8. All Purchases shall be made at the absolute sole discretion of the LenderPurchaser.

Assignment and Sale. 1.1.1. Borrower Seller shall offer to sell to Lender Purchaser as absolute owner, with full recourse, such of Xxxxxxxx's Seller’s Accounts as submitted to Lender Purchaser for purchase. 1.1.2. Each Account submitted by Borrower Seller for purchase shall be accompanied by such documentation supporting and evidencing the Account. 1.1.3. Lender Purchaser may not purchase any Account which will cause the unpaid balance of Purchased Accounts to exceed the Maximum Line Amount. 1.1.4. Accounts submitted to Lender Purchaser must exceed Minimum Invoice Size as stated within the General Rates and Fees, except as otherwise agreed by both parties Parties in an Authenticated Record. 1.1.5. Lender Purchaser shall pay the Purchase Price, Price of any Purchased Account, Account less any amounts due to Lender Purchaser from BorrowerSeller, including, without limitation, any amounts due under Sections 2.1 and 3.1 hereof, to Borrower Seller within five (5) business days of the Purchase Date, whereupon the Accounts shall be deemed purchased hereunder. 1.1.6. Upon execution of this Agreement, Xxxxxxxx Seller shall pay the Closing Fee. 1.1.7. All Purchases shall be made at the absolute sole discretion of the LenderPurchaser.