Common use of Recourse Clause in Contracts

Recourse. Buyer's acquisition of Purchased Receivables from Seller shall be with full recourse against Seller. In the event the Obligations exceed the amount of Purchased Receivables and Collateral, Seller shall be liable for any deficiency.

Appears in 33 contracts

Samples: Accounts Receivable Purchase Agreement (Cognigen Networks Inc), Accounts Receivable Purchase Agreement (Starbase Corp), Accounts Receivable Purchase Agreement (Open Market Inc)

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Recourse. Buyer's ’s acquisition of Purchased Receivables from Seller shall be with full recourse against Seller. In the event the Obligations exceed the amount of Purchased Receivables and Collateral, Seller shall be liable for any deficiency.

Appears in 4 contracts

Samples: Accounts Receivable Purchase Agreement, Accounts Receivable Purchase Agreement (Zamba Corp), Accounts Receivable Purchase Agreement (Egain Communications Corp)

Recourse. Buyer's Buyers acquisition of Purchased Receivables from Seller shall be with full recourse against Seller. In the event the Obligations exceed the amount of Purchased Receivables and Collateral, Seller shall be liable for any deficiency.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Vista Information Solutions Inc)

Recourse. Buyer's acquisition of Purchased Receivables from Seller shall be with full recourse against Seller. In the event vent the Obligations exceed the amount of Purchased Receivables and Collateral, Seller shall be liable for any deficiency.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Agritope Inc)

Recourse. Buyer's acquisition of Purchased Receivables from Seller shall be with full recourse against Seller. In Without limiting the foregoing, in the event the Obligations exceed the amount of Purchased Receivables and Collateral, Seller shall be liable for any deficiency.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Log on America Inc)

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Recourse. Buyer's ’s acquisition of Purchased Receivables from Seller shall be with full recourse against Seller. In the event the Obligations exceed the amount of Purchased Receivables and Collateral, Seller shall be liable for any deficiency. 4.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement

Recourse. Buyer's acquisition of Purchased Receivables from Seller shall be with full recourse against Seller. In the event the Obligations exceed the amount of Purchased Receivables and Collateralcollateral, Seller shall be liable for any deficiency.

Appears in 1 contract

Samples: Factoring Agreement (Oxis International Inc)

Recourse. Buyer's acquisition of Purchased Receivables from a Seller shall be with full recourse against such Seller. In the event the Obligations exceed the amount of Purchased Receivables and Collateral, Seller shall be liable for any deficiency.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Return on Investment Corp)

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