Common use of RECOURSE, DISPUTES AND CHARGEBACKS Clause in Contracts

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.

Appears in 5 contracts

Samples: Systran Financial Services (Gasel Transportation Lines Inc), Systran Financial Services (Gasel Transportation Lines Inc), Systran Financial Services Corporation Factoring Agreement (Crdentia Corp)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Systran Financial Services Corporation Factoring Agreement (Dyntek Inc)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Galaxy Nutritional Foods Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.