Common use of Factoring Arrangement Clause in Contracts

Factoring Arrangement. In the event Broker directs that the payment of compensation due under this Agreement be made to a third party, such direction will constitute the appointment of that third party as the agent of Broker, and payment to that agent will be payment to Broker. Such direction shall not however relieve Broker from its obligations under this Agreement to timely pay the Selected Carriers.

Appears in 4 contracts

Samples: Broker Transportation Services Agreement, Shipper Broker Transportation Services Agreement, Broker Agreement for Motor Transportation Services

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