Repurchase of Receivables. If the Cooperative shall at any time determine not to sell to Statesman the Retail Accounts arising out of sales made at any Retail Service, the Cooperative will with the consent of Statesman promptly repurchase from Statesman all Retail Accounts arising out of sales made at such Retail Service which Statesman has previously purchased from it. The purchase price for such Retail Accounts will be the Balances Owed on the Retail Accounts giving credit for all payments received by Statesman to the date of sale to the Cooperative.
Appears in 3 contracts
Samples: Financing Services and Contributed Capital Agreement (Southern States Capital Trust I), Revolving Credit Agreement (Southern States Cooperative Inc), Revolving Credit Agreement (Southern States Capital Trust I)
Repurchase of Receivables. If the Cooperative shall at any ------------------------- time determine not to sell to Statesman the Retail Accounts arising out of sales made at any Retail Service, the Cooperative will with the consent of Statesman promptly repurchase from Statesman all Retail Accounts arising out of sales made at such Retail Service which Statesman has previously purchased from it. The purchase price for such Retail Accounts will be the Balances Owed on the Retail Accounts giving credit for all payments received by Statesman to the date of sale to the Cooperative.
Appears in 2 contracts
Samples: Financing Services and Contributed Capital Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust Ii)
