Offer of Accounts. At its election from time to time during the term of this Agreement, Seller agrees to offer for sale to KBK certain of its accounts arising out of sales of goods, or services rendered, by Seller, and to sell to KBK on the terms set forth in this Agreement such of the offered accounts as KBK may accept for purchase in the State of Texas. KBK shall have the absolute right in its sole discretion to reject any or all offered accounts, whether or not KBK has previously purchased accounts of any particular account debtor hereunder. The parties agree that, without the prior consent of KBK, the maximum Gross Amount (as defined below) of accounts that KBK may purchase hereunder at any time, together with the Gross Amount of accounts previously purchased by KBK from Seller hereunder which then remain outstanding, will not exceed One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) (the "Facility Amount"). KBK's consent to purchase accounts in excess of such amount may be evidenced by KBK's acceptance for purchase of such offered accounts."
Offer of Accounts. At its election from time to time during the term of this Agreement, Seller agrees to offer for sale to WFBC certain of its accounts arising out of sales of goods, or services rendered, by Seller, and to sell to WFBC no less than $3,000,000 nor more than $8,000,000 a month, of such accounts on the terms set forth in this Agreement such of the offered accounts as WFBC may accept for purchase. WFBC shall have the absolute right in its sole discretion to reject any or all offered accounts, whether or not WFBC has previously purchased accounts of any particular account debtor hereunder. The parties agree that without the prior consent of WFBC, the maximum face amount of accounts that WFBC may purchase hereunder at any time, together with the then outstanding face amount of outstanding accounts previously purchased by WFBC from Seller hereunder, will not exceed Eight Million Dollars and no cents ($8,000,000.00) (the “Maximum Credit Facility”). WFBC’s consent to purchase accounts in excess of such amount may be evidenced by WFBC’s acceptance for purchase of such offered accounts. Overadvance. WFBC will also provide Seller with a permitted overadvance in an amount not to exceed Five Hundred Thousand Dollars and no/Cents ($500,000.00) during the term of this Agreement. The overadvance will not remain outstanding and unpaid for more than one year, and will only be made available upon the successful completion of the proposed Restaff Services, Inc. d/b/a Xxxxxxxx.xxx acquisition and the subsequent addition of at least $1,000,000 in accounts receivable, the overadvance will be made under the same terms and conditions outlined in this Agreement.
Offer of Accounts. At its election from time to time during the term of this Agreement, Seller agrees to offer for sale to WFBC certain of its accounts arising out of sales of goods, or services rendered, by Seller, and to sell to WFBC no less than $350,000 nor more than $5,000,000 a month, of such accounts on the terms set forth in this Agreement such of the offered accounts as WFBC may accept for purchase. WFBC shall have the absolute right in its sole discretion to reject any or all offered accounts, whether or not WFBC has previously purchased accounts of any particular account debtor hereunder. The parties agree that without the prior consent of WFBC, the maximum face amount of accounts that WFBC may purchase hereunder at any time, together with the then outstanding face amount of outstanding accounts previously purchased by WFBC from Seller hereunder, will not exceed Five Million Dollars and no cents ($5,000,000.00), (the “Maximum Credit Facility”). WFBC’s consent to purchase accounts in excess of such amount may be evidenced by WFBC’s acceptance for purchase of such offered accounts.”
Offer of Accounts. At its election from time to time during the term of this Agreement, Seller agrees to offer for sale to MCF certain of its accounts arising out of sales of goods, or services rendered, by Seller, and to sell to MCF on the terms set forth in this Agreement such of the offered accounts as MCF may accept for purchase in the State of Texas. MCF shall have the absolute right in its sole discretion to reject any or all offered accounts, whether or not MCF has previously purchased accounts of any particular account debtor hereunder. The parties agree that, without the prior consent of MCF, the maximum Gross Amount (as defined below) of accounts that MCF may purchase hereunder at any time, together with the Gross Amount of accounts previously purchased by MCF from Seller hereunder which then remain outstanding, will not exceed Nine Million and No/100 Dollars ($9,000,000.00) (the “Facility Amount”). MCF’s consent to purchase accounts in excess of such amount may be evidenced by MCF’s acceptance for purchase of such offered accounts.
Offer of Accounts. At its election from time to time during the term of this Agreement, Seller agrees to offer for sale to KBK certain of its accounts arising out of sales of goods, or services rendered, by Seller, and to sell to KBK on the terms set forth in this Agreement such of the offered accounts as KBK may accept for purchase in the State of Texas. KBK shall have the absolute right in its sole discretion to reject any offered accounts that KBK, in its sole discretion, believes are not collectible, do not meet KBK's collectability criteria, or if KBK deems itself insecure with respect to that particular account, whether or not KBK has previously purchased accounts of any particular account debtor hereunder. This Facility Amount is offered in anticipation of KBK participating with another financial institution. All parties agree that: 1) KBK will use its best efforts to find a participant; 2) KBK will have no obligation to do so; 3) KBK will have no liability in the event an acceptable participant is not found; and 4) all obligations of Seller remain in force regardless of whether or not an acceptable participant is ultimately found. The parties agree that, without the prior consent of KBK, the maximum Gross Amount (as defined below) of accounts that KBK may purchase hereunder at any time, together with the Gross Amount of accounts previously purchased by KBK from Seller hereunder which then remain outstanding, will not exceed Ten Million and 00/100 Dollars ($10,000,000.00) (the "Facility Amount"), if a Participant is obtained. At no time will KBK's individual maximum Gross Amount exceed Five Million and 00/100 Dollars ($5,000,000.00). KBK's consent to purchase accounts in excess of such amount may be evidenced by KBK's acceptance for purchase of such offered accounts.
Offer of Accounts. Article 1 of the Agreement is hereby amended and restated in its entirety to read as follows:
Offer of Accounts. At its election from time to time during this Agreement, subject to the next sentence, Grant agrees to offer for sale to Xxxxxxx all of its billed and unbilled/work in progress non-U.S. dollar denominated foreign accounts receivable (collectively, the "accounts") arising out of seismic data acquisition and processing services rendered by the branch operations of Grant in any country in South America, including but not limited to Ecuador, Colombia and Brazil, and to sell to Xxxxxxx on the terms set forth in this Agreement such offered accounts as Xxxxxxx may accept for purchase in any country in South America, including but not limited to Ecuador, Colombia and Brazil or in any other country mutually agreed to by the parties. The parties agree that the maximum aggregate face amount of accounts that Xxxxxxx will purchase hereunder at any time will not exceed Eleven Million Seven Hundred Thousand USD ($11,700,000) divided by the discount rate specified in Article 4 or Eleven Million Seven Hundred Ninety-Eight Thousand Three Hundred Fifteen USD ($11,798,315). The parties agree that during the term of this Agreement the loan balance may exceed the billed and unbilled/work in progress non-U.S. dollar denominated foreign accounts receivable collateral balance."
Offer of Accounts. Providian will offer to Members and to Non-Member Consumers one or more types of Accounts. Providian will have sole and complete responsibility and discretion to add, delete, or amend any of the terms and conditions applicable to Accounts, including but not limited to pricing terms, the right to establish new premium categories and other categories of Cards, and the right to make other changes; provided, however, that Providian shall provide 15 days' advance notice in writing to PayPal of any substantial changes. Any such changes to terms and conditions will be subject to Applicable Law.
Offer of Accounts. At its election from time to time during this Agreement, Grant agrees to offer for sale to Xxxxxxx certain of its billed and unbilled foreign accounts receivables ("accounts") arising out of seismic data acquisition and processing services rendered by Grant's branch operations in Ecuador and Columbia, and to sell to Xxxxxxx on the terms set forth in this Agreement such offered accounts (hereinafter defined as billed and unbilled/ work in progress foreign accounts receivable) as Xxxxxxx may accept for purchase in the countries of Ecuador and Columbia or in any other country mutually agreed to by the parties. The parties agree that the maximum aggregate face amount of accounts that Xxxxxxx will purchase hereunder at any time will not exceed Four Million Dollars USD ($4,000,000). Xxxxxxx'x consent to purchase accounts in excess of such aggregate amounts herein set forth may only be evidenced by Xxxxxxx'x acceptance for purchase of such offered accounts.
Offer of Accounts. Providian will offer to Members and to Non-Member Consumers one or more types of Accounts. Providian will have sole and complete responsibility and discretion to add, delete or amend any of the terms and conditions applicable to Applications and Accounts, including but not limited to setting pricing terms, setting Providian-funded incentives to induce Members to submit Applications, establishing new premium categories and other categories of Cards, and making other changes; provided that Providian will give PayPal at least 15 days' advance written notice of any material changes. Any changes to terms and conditions will be subject to Applicable Law. Subject to Section 2.2(a), PayPal has the right to fund and offer any additional incentives for adoption or use of the Card or the Account as long as such incentives do not violate Applicable Law.
