Common use of PURCHASE AND SALE OF INVOICES Clause in Contracts

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.

PURCHASE AND SALE OF INVOICES. (a) ApprovalAPPROVAL/SaleSALE. 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.

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 manufacturesale of advertisements or advertising space in magazines, sale trade journals and distribution of goods or the performance of services, other periodicals including, but not limited to, the magazine [DESCRIPTION NAME OF PRODUCT/SERVICE] and related products, supplies, and servicesMAGAZINE], 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.