Effect of Payment of Purchase Price. Upon the payment of the Initial Purchase Price for any purchase of Purchased Receivables, title to such Purchased Receivables shall vest in Buyer, whether or not the conditions precedent to such purchase were in fact satisfied; provided that Buyer shall not be deemed to have waived any claim it may have under this Agreement for the failure by Seller in fact to satisfy any such condition precedent.
Appears in 4 contracts
Samples: Accounts Receivable Purchase Agreement (Telos Corp), Accounts Receivable Purchase Agreement (Implant Sciences Corp), Accounts Receivable Purchase Agreement (American Defense Systems Inc)
