PURCHASE AND SALE OF INVOICES Sample Clauses

PURCHASE AND SALE OF INVOICES. (a) Approval/Sale. AEG agrees to purchase, and Seller agrees to sell, all of Seller's present and future accounts, contract rights, and other forms of obligation for payment of money arising out of the manufacture, sale and distribution of goods or the performance of services, including, but not limited to, [DESCRIPTION OF PRODUCT/SERVICE] and related products, supplies, and services, together with all collection rights in connection therewith, as well as Seller's interest in any goods represented by its receivables and all goods returned by customers and Seller's rights against any unpaid vendor(s) (collectively, the "Receivables"). In purchasing Receivables, AEG has or will materially rely upon the documents and other information provided by Seller and on Seller's representations, warranties and covenants contained in this Agreement. AEG shall be the absolute owner of all Receivables purchased under this Agreement. As owner, AEG shall have the sole and exclusive power and authority to collect each Receivable through legal action or otherwise, including, in its sole determination, the right to settle, compromise, or assign (in whole or part) any of the Receivables.
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PURCHASE AND SALE OF INVOICES. (a) Assignment and Ownership of Accounts Receivable: Seller hereby sells, transfers, conveys, assigns, endorses and delivers to AFG as absolute owner, all of the Seller's right, title and interest in all the accounts receivables and invoices which are subject thereof and evidence of same (and collection rights thereto) individually identified on Attachment "A" to this Agreement or on subsequently executed Bulk Assignments ("Accounts Receivable"). For purposes of this Agreement, the purchase of multiple invoices by AFG at any one time shall be considered the purchase of one (1) invoice in the aggregate amount of all invoices purchased.
Sample 1
PURCHASE AND SALE OF INVOICES. (a) Seller hereby sells, assigns, transfers, conveys and delivers to Versant and Versant hereby purchases and receives from Seller, all of Seller’s right, title and interest in and to the Accounts Receivable. It is the parties’ express intent to create a “true sale” of the Accounts Receivable purchased hereby and both Seller and Versant agree to account for the transaction on their books, both for GAAP and tax purposes, as a “true sale”. The Accounts Receivable and the customers of Seller who are obligated to pay such Accounts Receivable (the “Account Debtors”) are set forth on Schedule A attached hereto and made a part hereof.
Sample 1
PURCHASE AND SALE OF INVOICES. (a) APPROVAL/SALE. AEG agrees to purchase, and Seller agrees to sell, all of Seller's present and future accounts, contract rights, and other forms of obligation for payment of money arising out of or in connection with the
Sample 1

Related to PURCHASE AND SALE OF INVOICES

  • PURCHASE AND SALE OF INVESTMENTS OF THE FUND OTHER THAN OPTIONS, FUTURES CONTRACTS AND FUTURES CONTRACT OPTIONS

  • Purchase and Sale of Shares 2.1.1. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, Seller shall sell, transfer and deliver to Buyer, free and clear of all Liens (other than Liens under the Securities Act and any other applicable state or foreign securities Laws), and Buyer shall purchase from Seller, all right, title and interest in and to the Shares.

  • Purchase and Sale of Common Shares (a) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in Schedule B to this Agreement, the Purchaser hereby agrees to purchase from the Company and the Company hereby agrees to sell to the Purchaser, on the Closing Date, 104,500,000 Common Shares (the “Purchased Shares”) at a price of $48.60 per Purchased Share for an aggregate purchase price of $5,078,700,000 (the “Share Purchase Price”).

  • Purchase and Sale of Warrants The purchase and sale of the Warrants shall occur simultaneously with the consummation of the IPO. At least 24 hours prior to the date of the final prospectus in connection with the IPO, the undersigned shall deliver $100,000.00 (the “Purchase Price”) to Continental or such other agent as may be agreed to by the parties hereto (“Agent”) to hold in an account until the Company consummates the IPO. Simultaneously with the consummation of the IPO, Agent shall deposit the Purchase Price, without interest or deduction, into a trust account established by the Company for the benefit of the Company’s public stockholders at JX Xxxxxx Chase Bank, N.A., and maintained by Continental, as trustee. In the event that the IPO is not consummated within fourteen (14) days of the date the Purchase Price is delivered to Agent, Agent shall return the Purchase Price to the Purchaser, with accrued interest.

  • Purchase and Sale of Stock Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of 37,500 shares of the Common Stock of the Company (the "Stock") at $0.01 per share, for an aggregate purchase price of $375.00, payable in cash. The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties may mutually agree (the "Closing").

  • Purchase and Sale of Interests Upon the terms set forth in this Agreement, at the Closing, Seller shall sell, transfer, convey, assign, and deliver to Buyer, and Buyer shall purchase, acquire and accept from Seller, free and clear of all Encumbrances, except for any Permitted Encumbrance, all right, title and interest of Seller in and to the Interests.

  • Purchase and Sale of Common Stock Subject to the terms and conditions set forth herein, the Company shall issue and sell to the Investor, and the Investor shall purchase from the Company, up to that number of Shares having an aggregate Purchase Price of Ten Million dollars ($10,000,000).

  • Purchase and Sale of Units The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 25,000 units (the “Initial Units”) at a purchase price of approximately $.003478 per Initial Unit for an aggregate purchase price of $86.95. Each Initial Unit consists of one share of Common Stock and one warrant (an “Initial Warrant”) to purchase one additional share of Common Stock for $6.00 in accordance with the terms of the Warrant Agreement to be entered into by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, which shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The Initial Units, together with the underlying Common Stock and the Initial Warrants, are referred to herein as the “Securities.”

  • Purchase and Sale of the Shares Upon the terms and subject to the conditions of this Agreement, at the Closing, the Seller shall sell to the Purchaser, and the Purchaser shall purchase from the Seller, the Shares.

  • Purchase and Sale of Acquired Assets At the Closing and subject to the terms and conditions of this Agreement, Seller shall sell, transfer, assign, convey and deliver to Buyer, free and clear of all Encumbrances, other than Permitted Encumbrances, and Buyer shall purchase, acquire, take assignment and delivery from Seller, of all of the right, title and interest of Seller in and to the Acquired Assets, as specified below.

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