Assignment of Accounts Receivable. If Vendor assigns payments to an assignee/factor, Vendor understands and agrees that Vendor and the assignee/factor will be required to sign Dealer's standard acknowledgment form to assure Dealer that the assignee/factor understands the rights and obligations being assigned, including the right of Dealer to make offsets.
Assignment of Accounts Receivable. If Manufacturer assigns payments to an assignee/factor, Manufacturer understands and agrees that Manufacturer and the assignee/factor shall be required to sign PDI’s standard acknowledgment form to assure PDI that the assignee/factor understands the rights and obligations being assigned, including the right of PDI to make offsets.
Assignment of Accounts Receivable. Client hereby sells, transfers and assigns to A/R Funding as absolute owner, and A/R Funding hereby purchases and accepts from Client, except as set forth hereafter, certain accounts receivable now or hereafter created by Client's sales or services to customers acceptable to and approved by A/R Funding and represented by Client to be bona fide existing obligations of its customers arising out of and acquired by it in its ordinary course of its business, which receivables are or will be due and owing to Client without defense, offset or counterclaim.
Assignment of Accounts Receivable. Within 180 days after the Closing Date, Buyer may elect to assign to Sellers any accounts receivable that were part of the calculation of the Working Capital Adjustment and which remain uncollected for 120 days or more, and Sellers shall purchase such accounts receivable from Buyer for cash in the amount of the uncollected face amount, less any allowance for doubtful accounts reflected in the calculation of Net Working Capital based on the financial statements of the Company.
Assignment of Accounts Receivable. Target shall have the option, but not the obligation, to assign to Seller any Assigned Account Receivable at any time after an Account Receivable becomes an Assigned Account Receivable and to the extent such assignment does not require a consent of third party. For the avoidance of doubt, it is clarified that once any Account Receivable becomes an Assigned Account Receivable and is assigned to Seller, Seller shall have the right to collect such Assigned Account Receivable and retain any amounts so collected with respect to such Assigned Account Receivable and Target shall provide to Seller all reasonable assistance to collect such Assigned Account Receivable, at Seller’s reasonable expense.. If and to the extent it emerges that the assignment of an Assigned Account Receivable was ineffective or is unable to be made, the Target shall hold the benefit of such Assigned Account Receivable in trust for the Seller and hereby grants to Seller full rights of subrogation with respect to such Assigned Account Receivable and hereby authorizes Seller to collect such Assigned Account Receivable on its behalf provided that Seller shall be required to act in good faith and in accordance with generally accepted commercial practices and with a view toward maintaining a positive relationship between the applicable Company and the debtor of such Assigned Account Receivable. Within five (5) days of the assignment of any Assigned Account Receivable, Seller shall pay Buyer the value in the Working Capital attributable to such Assigned Accounts Receivable.
Assignment of Accounts Receivable. An Assignment of Accounts Receivable from the Head Lessee to and in favour of the Purchaser in accordance with Section 9.2.3 hereof.
Assignment of Accounts Receivable. On the Tier I Closing, --------------------------------- accounts receivable (including all existing and future accounts receivable) for the Tier II Schools and Tier III Schools shall be assigned to Corinthian pursuant to an Accounts Receivable Assignment in the form of Exhibit C-2 ----------- attached hereto. Seller shall maintain a security interest in such accounts receivable pursuant to the Subordinated Security Agreement provided under Section 7.14.1 below.
Assignment of Accounts Receivable. On June 30, 2004, the Corporation and each Subsidiary shall assign to Seller, free and clear of all liens and encumbrances, all of their respective rights, title and interest in and to all Accounts Receivable outstanding for over sixty days (the “Aged Receivables”) with the exception of the Accounts Receivable from Environmental Waste Technologies/Xxxxxxx Enterprises, Inc. Such assignment shall be effectuated in accordance with an Assignment Agreement in the form attached hereto as Exhibit 5.3 (the “Assignment Agreement”). Seller and Buyer shall cause the Corporation and each Subsidiary to fulfill its respective obligations under the Assignment Agreement.
Assignment of Accounts Receivable. If, and to the extent that, the Surviving Corporation is unable, using reasonable diligent efforts, to collect all of the accounts receivable of the Company reflected in the Company Balance Sheet within 120 days after the Closing Date (net of any allowance for bad debts reflected on the Company Balance Sheet), and inTEST successfully asserts under Sections 14 and 15 hereof a claim for indemnification relating thereto and inTEST, Newsub or the Company receives payment therefor, inTEST shall cause the Surviving Corporation promptly to assign to Xxxxx all of the Surviving Corporation's right, title and interest in and to those uncollected accounts receivable that made up the basis of such indemnification claim. Thereafter, if inTEST or the Surviving Corporation receive any payments on such uncollected accounts receivable, inTEST or the Surviving Corporation, as the case may be, shall promptly pay to Xxxxx any such amounts received by them.
Assignment of Accounts Receivable. The Company shall have assigned to the Vendor accounts receivable outstanding at the Closing Time for less than sixty (60) days in the amount of $1,200,000 in consideration of the transfer of the equipment as contemplated by SECTION 6.09.
