Common use of Repurchase of Accounts Clause in Contracts

Repurchase of Accounts. Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, together with any unpaid Base Fees relating to the Purchased Account, to replace an Account with a new, acceptable Account, or at Purchaser's option, by Purchaser's charge to the Reserve Account:

Appears in 2 contracts

Samples: Factoring and Security Agreement, Factoring and Security Agreement (Sunvalley Solar, Inc.)

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Repurchase of Accounts. 4.1. Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, together with any unpaid Base Fees fees relating to the Purchased Account, to replace an Account with a new, acceptable Accounton demand, or at the Purchaser's ’s option, by Purchaser's ’s charge to the Reserve Account:

Appears in 1 contract

Samples: Factoring Agreement Terms and Conditions

Repurchase of Accounts. Purchaser may require that Seller repurchase, at Purchaser’s option and on demand, by payment of requiring Seller to: (a) pay the then unpaid Face Amount thereof, Purchase Price together with any unpaid Base Fees fees and expenses relating to the Purchased Account, to (b) replace an Account with a new, acceptable Account, Eligible Account or at Purchaser's option, (c) by Purchaser's charge charging to the Reserve Account:

Appears in 1 contract

Samples: Factoring and Security Agreement (Wave Systems Corp)

Repurchase of Accounts. 5.1. Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, thereof together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's ’s option, by Purchaser's ’s charge to the Reserve Account, and notwithstanding that the Account Debtor may be Insolvent:

Appears in 1 contract

Samples: Factoring and Security Agreement (Tri-S Security Corp)

Repurchase of Accounts. Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's ’s option, by Purchaser's ’s charge to the Reserve Account, the following Purchased Accounts:

Appears in 1 contract

Samples: Financing and Security Agreement (Sito Mobile, Ltd.)

Repurchase of Accounts. 4.1. Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, thereof together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's ’s option, by Purchaser's ’s charge to the Reserve Account:

Appears in 1 contract

Samples: Receivables Purchase and Security Agreement (Lightpath Technologies Inc)

Repurchase of Accounts. 7.1. Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, thereof together with any unpaid Base Fees fees relating to the Purchased Account, to replace an Account with a new, acceptable Account, or at Purchaser's option, by Purchaser's charge to the Reserve Accounton demand as follows:

Appears in 1 contract

Samples: Factoring and Security Agreement (Biozone Pharmaceuticals, Inc.)

Repurchase of Accounts. 5.1 Under the following circumstances, Purchaser may require that Seller repurchaserepurchase any Purchased Account, on demandor at Seller's option, Seller may elect to repurchase any Purchased Account, by payment of the then unpaid Face Amount thereof, thereof together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's option, or Seller's option if Seller is the party electing to repurchase a Purchased Account, by Purchaser's charge to the A/R Manager Reserve Account:

Appears in 1 contract

Samples: Factoring and Security Agreement (Vitalstream Holdings Inc)

Repurchase of Accounts. Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's ’s option, by Purchaser's ’s charge to the Reserve Account:

Appears in 1 contract

Samples: Financing and Security Agreement (LOCAL Corp)

Repurchase of Accounts. 4.1 Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, thereof together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's ’s option, by Purchaser's ’s charge to the Reserve Account:

Appears in 1 contract

Samples: Factoring and Security Agreement (Tri-S Security Corp)

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Repurchase of Accounts. 4.1 Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, thereof together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's option, by Purchaser's charge to the Reserve Account:

Appears in 1 contract

Samples: Accounts and Security Agreement (Active Link Communications Inc)

Repurchase of Accounts. 7.1. Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's option, by Purchaser's charge to the Reserve Account:

Appears in 1 contract

Samples: Factoring and Security Agreement (ePhoto Image, Inc.)

Repurchase of Accounts. Purchaser may require that 7.1 Seller shall repurchase, on demand, by payment of the then unpaid Face Amount thereof, together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's ’s option, by Purchaser's ’s charge to the Reserve Account:

Appears in 1 contract

Samples: Factoring and Security Agreement (Eastside Distilling, Inc.)

Repurchase of Accounts. 4.1. Purchaser may require that Seller repurchase, on demand, by payment of the then unpaid Face Amount thereof, thereof together with any unpaid Base Fees fees relating to the Purchased AccountAccount on demand, to replace an Account with a newor, acceptable Account, or at Purchaser's ’s option, by Purchaser's ’s charge to the Reserve Account:: Initial

Appears in 1 contract

Samples: Factoring and Security Agreement (Tri-S Security Corp)

Repurchase of Accounts. 7.1. Purchaser may require that the Seller repurchase, on demandof a Purchased Account to repurchase such Purchased Account, by payment of the then unpaid Face Amount thereof, thereof together with any unpaid Base Fees fees relating to the Purchased Account, to replace an Account with a new, acceptable Account, or at Purchaser's option, by Purchaser's charge to the Reserve Accounton demand as follows:

Appears in 1 contract

Samples: Factoring and Security Agreement (Urban Ag. Corp.)

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