Notation on Invoices. The Customer shall make a notation on each original invoice (or the electronic equivalent of an invoice) or other such documentation accepted by WFBC for each Account which indicates that such Account has been sold, transferred and assigned to WFBC. Such notation shall read as follows or as otherwise agreed to by WFBC in writing: This invoice has been sold, transferred and assigned to and is payable to: WXXXX FARGO BUSINESS CREDIT Bxx #000000 Xxxxxx, XX 00000-0000 Wire Instructions: WXXXX FARGO BANK, N.A. San Francisco, CA ABA# 100000000 Beneficiary: Wxxxx Fargo Business Credit Acct# 4123823213 In addition, the Customer shall make a notation, in form and substance acceptable to WFBC in its sole discretion, on any other form of documentation accepted by WFBC for each Account and all Related Rights which indicates that such Account and Related Rights have been sold, transferred and assigned to WFBC. In the event any invoice (or the electronic equivalent of an invoice) or other form of documentation is sent or transmitted to any Account Debtor without the notation required hereunder, a fee equal to two and one half of one percent (2.50%) of the face amount of the related Account shall be immediately due and payable to WFBC.” (n) Section 9.01(g) of the Account Purchase Agreement is hereby amended and restated to read in its entirety as follows:
Appears in 4 contracts
Samples: Account Purchase Agreement (Corporate Resource Services, Inc.), Account Purchase Agreement (Corporate Resource Services, Inc.), Account Purchase Agreement (Corporate Resource Services, Inc.)
