Repurchase of Accounts. Seller shall immediately on demand by Purchaser repurchase any Purchased Account that Purchaser determines in its sole discretion is uncollectible for any reason or is otherwise no longer an Eligible Account and on such demand shall pay to Purchaser the then unpaid Face Amount of the Account, together with any accrued but unpaid fees relating to the Account.
Appears in 2 contracts
Samples: Invoice Purchase Agreement (Enservco Corp), Invoice Purchase Agreement (SolarJuice Co., Ltd.)
Repurchase of Accounts. Seller shall immediately on demand by Purchaser repurchase any Purchased Account that Purchaser determines in its sole discretion at any time is uncollectible for any reason or is otherwise no longer an Eligible Account and on such demand shall pay to Purchaser the then unpaid Face Amount of the Account, together with any accrued but unpaid fees relating to the Account. Purchaser shall retain its security interest in any Account repurchased by Seller.
Appears in 2 contracts
Samples: Invoice Purchase Agreement (SharedLabs, Inc), Invoice Purchase Agreement (Marrone Bio Innovations Inc)
