RECOURSE, DISPUTES AND CHARGEBACKS. 6.1 All of The Xxxx(s) are purchased by SYSTRAN from Customer with Recourse. All of The Xxxx(s) may be Chargedback to Customer at any time after ninety (90) days for a Commercial Account and steamship companies, and sixty (60) days for Transportation Account(s) after the purchase date of The Xxxx(s) if not collected from Debtor within such period or at any time, if SYSTRAN determines, in its sole discretion, that The Xxxx(s) is not collectible. All of The Xxxx(s) owing by Canadian Debtors or logistics companies are subject to Chargeback sixty (60) days from the date of purchase by SYSTRAN. All Special Purchase Bills are subject to Chargeback sixty (60) days from the date of purchase by SYSTRAN. SYSTRAN shall not deem a disputed Xxxx or Special Purchase Xxxx uncollectable without allowing Customer a reasonable time to settle the dispute not to exceed fourteen (14) days from notice of dispute. It is within SYSTRAN’s discretion as to when The Xxxx(s) over such time periods may be Chargedback to Customer. 6.2 SYSTRAN reserves the right, however, from time to time and at its absolute discretion, to Chargeback to Customer any of The Xxxx(s) which do not conform to the representations and warranties set forth in the Agreement or are discovered not to conform with the reasonable standards which SYSTRAN may set for The Xxxx(s). SYSTRAN shall have a continuing security interest in any and all of The Xxxx(s) which are Chargedback to the Customer. Chargeback of any of The Xxxx(s) does not authorize Customer to collect any outstanding sum owing on The Xxxx(s) from a Debtor.
Appears in 5 contracts
Samples: Factoring Agreement (Crdentia Corp), Factoring Agreement (Gasel Transportation Lines Inc), Factoring Agreement (Crdentia Corp)
RECOURSE, DISPUTES AND CHARGEBACKS. 6.1 All of The Xxxx(s) are purchased by SYSTRAN from Customer with Recourse. All of The Xxxx(s) may be Chargedback to Customer at any time after ninety (90) days for a Commercial Account and steamship companies, and sixty ninety (6090) days for Transportation Account(s) after the purchase date of The Xxxx(s) if not collected from Debtor within such period or at any time, if SYSTRAN determines, in its sole discretion, that The Xxxx(s) is not collectible. All of The Xxxx(s) owing by Canadian Debtors or logistics companies are subject to Chargeback sixty (60) days from the date of purchase by SYSTRAN. All Special Purchase Bills are subject to Chargeback sixty (60) days from the date of purchase by SYSTRAN. SYSTRAN shall not deem a disputed Xxxx or Special Purchase Xxxx uncollectable without allowing Customer a reasonable time to settle the dispute not to exceed fourteen (14) days from notice of dispute. It is within SYSTRAN’s 's discretion as to when The Xxxx(s) over such time periods may be Chargedback to Customer.
6.2 SYSTRAN reserves the right, however, from time to time and at its absolute discretion, to Chargeback to Customer any of The Xxxx(s) which do not conform to the representations and warranties set forth in the Agreement or are discovered not to conform with the reasonable standards which SYSTRAN may set for The Xxxx(s). SYSTRAN shall have a continuing security interest in any and all of The Xxxx(s) which are Chargedback to the Customer. Chargeback of any of The Xxxx(s) does not authorize Customer to collect any outstanding sum owing on The Xxxx(s) from a Debtor.
Appears in 1 contract
Samples: Factoring Agreement (Dyntek Inc)
RECOURSE, DISPUTES AND CHARGEBACKS. 6.1 All of The Xxxx(sBill(s) are xxe purchased by SYSTRAN from Customer with Recourse. All of The Xxxx(sBill(s) may xxx be Chargedback to Customer at any time after ninety (90) days for a Commercial Account and steamship companies, and sixty ninety (6090) days for Transportation Account(s) after the purchase date of The Xxxx(sBill(s) if xx not collected from Debtor within such period or at any time, if SYSTRAN determines, in its sole discretion, that The Xxxx(sBill(s) is xx not collectible. All of The Xxxx(sBill(s) owing xxing by Canadian Debtors or logistics companies are subject to Chargeback sixty ninety (6090) days from the date of purchase by SYSTRAN. All Special Purchase Bills are subject to Chargeback sixty (60) days from the date of purchase by SYSTRAN. SYSTRAN shall not deem a disputed Xxxx Bill or Special Xxxcial Purchase Xxxx uncollectable Bill uxxxxlectable without allowing Customer a reasonable time to settle the dispute not to exceed fourteen (14) days from notice of dispute. It is within SYSTRAN’s 's discretion as to when The Xxxx(sBill(s) over xxer such time periods may be Chargedback to Customer.
6.2 SYSTRAN reserves the right, however, from time to time and at its absolute discretion, to Chargeback to Customer any of The Xxxx(sBill(s) which xxxch do not conform to the representations and warranties set forth in the Agreement or are discovered not to conform with the reasonable standards which SYSTRAN may set for The Xxxx(sBill(s). SYSTRAN XYSTRAN shall have a continuing security interest in any and all of The Xxxx(sBill(s) which xxxch are Chargedback to the Customer. Customer may collect Chargeback of any of The Xxxx(s) does not authorize Customer Bills unless otherwise notified by SYSTRAN to collect any outstanding sum owing on The Xxxx(s) from a Debtorthe contrary.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Galaxy Nutritional Foods Inc)