NOTICE TO OBLIGORS; STATEMENTS. Statesman may notify the obligor on each Wholesale Account that Statesman purchases from the Cooperative that such account has been purchased by Statesman and that all payments with respect to such Wholesale Accounts and inquiries with respect thereto should be addressed to Statesman at its address. Such notice may at the option of Statesman be given in the name of the Cooperative or of Statesman. Thereafter, Statesman will maintain the records with respect to each such account and send appropriate statements to each obligor thereon.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Southern States Capital Trust I), Revolving Credit Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust I)
NOTICE TO OBLIGORS; STATEMENTS. Statesman may notify the ------------------------------ obligor on each Wholesale Account that Statesman purchases from the Cooperative that such account has been purchased by Statesman and that all payments with respect to such Wholesale Accounts and inquiries with respect thereto should be addressed to Statesman at its address. Such notice may at the option of Statesman be given in the name of the Cooperative or of Statesman. Thereafter, Statesman will maintain the records with respect to each such account and send appropriate statements to each obligor thereon.
Appears in 2 contracts
Samples: Financing Services and Contributed Capital Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust Ii)
