Common use of Repurchase of Accounts Clause in Contracts

Repurchase of Accounts. 4.1 Purchaser may require that Seller repurchase, by payment of the unpaid Face Amount thereof together with any unpaid fees relating to the Purchased Account on demand, or, at Purchaser’s option, by Purchaser’s charge to the Reserve Account: 4.1.1 any Purchased Account, the payment of which has been disputed by the Account Debtor obligated thereon, Purchaser being under no obligation to determine the bona fides of such dispute; 4.1.2 Any Purchased Account for with Seller has breached its warranty under Section 12 hereunder. 4.1.3 Any Purchased Account owing from an Account Debtor which in Purchaser’s reasonable credit judgment has become insolvent. 4.1.4 all Purchased Accounts upon the occurrence of an Event of Default, or upon the effective date of termination of this Agreement; 4.1.5 any Purchased Account which remains unpaid beyond the Late Payment Date. 4.2 The repurchase of a Purchased Account shall not constitute a reassignment thereof and Purchaser shall retain its security interest therein.

Repurchase of Accounts. 4.1 4.1. Purchaser may require that Seller repurchase, by payment of the unpaid Face Amount thereof together with any unpaid fees relating to the Purchased Account on demand, or, at Purchaser’s 's option, by Purchaser’s 's charge to the Reserve AccountAccount of: 4.1.1 4.1.1. any Purchased Account, the payment of which has been disputed by the Account Debtor obligated thereon, Purchaser being under no obligation to determine the bona fides of such dispute; 4.1.2 4.1.2. Any Purchased Account for with Seller has breached its warranty under Section 12 11 hereunder. 4.1.3 4.1.3. Any Purchased Account owing from an Account Debtor which in Purchaser’s 's reasonable credit judgment has become insolvent. 4.1.4 4.1.4. all Purchased Accounts upon the occurrence of an Event of Default, or upon the effective date of termination of this Agreementagreement; 4.1.5 4.1.5. any Purchased Account which remains unpaid beyond the Late Payment Date. 4.2 4.2. The repurchase of a Purchased Account shall not constitute a reassignment thereof and Purchaser shall retain its security interest therein.

Repurchase of Accounts. 4.1 4.1. Purchaser may require that Seller repurchase, by payment of the unpaid Face Amount thereof together with any unpaid fees relating to the Purchased Account on demand, or, at Purchaser’s option, by Purchaser’s charge to the Reserve Account: 4.1.1 any 4.1.1. Any Purchased Account, the payment of which has been disputed by the Account Debtor obligated thereon, Purchaser being under no obligation to determine the bona fides of such dispute; 4.1.2 4.1.2. Any Purchased Account for with Seller has materially breached its warranty under Section 12 11 hereunder. 4.1.3 4.1.3. Any Purchased Account owing from an Account Debtor which in Purchaser’s reasonable credit judgment has become insolvent. 4.1.4 all 4.1.4. All Purchased Accounts upon the occurrence of an Event of Default, or upon the effective date of termination of this Agreement; 4.1.5 any 4.1.5. Any Purchased Account which remains unpaid beyond the Late Payment Date. 4.2 4.2. The repurchase of a Purchased Account shall not constitute a reassignment thereof and Purchaser shall retain its security interest thereintherein upon such reassignment.

Repurchase of Accounts. 4.1 4.1. Purchaser may require that Seller repurchase, by payment of the unpaid Face Amount thereof together with any unpaid fees relating to the Purchased Account on demand, or, at Purchaser’s option, by Purchaser’s charge to the Reserve Account: 4.1.1 4.1.1. any Purchased Account, the payment of which has been disputed by the Account Debtor obligated thereon, Purchaser being under no obligation to determine the bona fides of such dispute; 4.1.2 4.1.2. Any Purchased Account for with Seller has breached its warranty under Section 12 11 hereunder. 4.1.3 4.1.3. Any Purchased Account owing from an Account Debtor which in Purchaser’s reasonable credit judgment has become insolvent. 4.1.4 4.1.4. all Purchased Accounts upon the occurrence of an Event of Default, or upon the effective date of termination of this Agreementagreement; 4.1.5 4.1.5. any Purchased Account which remains unpaid beyond the Late Payment Date. 4.2 4.2. The repurchase of a Purchased Account shall not constitute a reassignment thereof and Purchaser shall retain its security interest therein.