Transfer of Accounts Receivable Sample Clauses

Transfer of Accounts Receivable. Prior to the Closing, Parent will cause (i) all accounts receivable that are either (A) primarily related to the Galleria Business and held by SplitCo or any Galleria Entity or (B) primarily related to the Salon Professional Business or the Mercury Business, including (notwithstanding anything to the contrary in this Agreement) all accounts receivable primarily related to the Dolce & Gabbana Business or the Xxxxxxxxx Xxxxxxxx Business, other than accounts receivable primarily related to the Mercury Business in Russia and (ii) all other rights to payment and security for payments to the extent they relate to the Galleria Business to be held by a member of the Galleria Group.”
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Transfer of Accounts Receivable. Prior to the Cut-Off Date and prior to the Closing, Parent will cause (i) all accounts receivable that are either (A) primarily related to the Galleria Business and held by SplitCo or any Galleria Entity or (B) primarily related to the Salon Professional Business and (ii) all other rights to payment and security for payments to the extent they relate to the Galleria Business to be held by a member of the Galleria Group.
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Transfer of Accounts Receivable. As soon as practicable after the Closing, each of Seller and Xxxxxx’s Agent covenants and agrees to take all necessary actions to transfer all Accounts Receivable (as such term is defined herein) received by it after the Closing to a bank account designated by Parent Purchaser. Seller or Seller’s Agent shall transfer such funds no less frequently than on the fifteenth (15th) day of each month and the last day of each month, starting on the first such date to occur following the Closing, until such time as such Accounts Receivable are no longer being received by Seller or Seller’s Agent. For the purposes of this Agreement, the term “Accounts Receivable” means any and all accounts receivable related to the Business or the Transferred Assets.
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Transfer of Accounts Receivable. 4.1 In addition to the license granted under this License Agreement, Softalk shall transfer and convey to Wavetech all accounts receivable resulting from the sale or other distribution by Softalk of the Softalk Products, in existence as of the date hereof (the "SOFTALK ACCOUNTS"). Wavetech shall conduct all billing and collection activities related to the Softalk Accounts. If it is determined that billing of Softalk Accounts can be better facilitated offshore, Wavetech will have first right of refusal as offshore billing. Softalk shall have the right to cause Wavetech to conduct such activities through an offshore entity.
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Transfer of Accounts Receivable. In the event any of the accounts receivable of the Company or the Subsidiary exceeding SEK one hundred thousand (100,000) are not collected within one hundred and eighty (180) days of the Closing Date, the Purchaser shall be entitled to assign or cause to be assigned to the Warrantors all rights, claims, actions or causes of action which the Company or the Subsidiary may have relating to such unpaid receivable. The Purchaser, the Company or the Subsidiary shall in case of such assignment receive the full outstanding amount including any interest accrued.
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Transfer of Accounts Receivable. If Guangdong Yuehai Land decides to obtain Funds from the Factoring Company, it shall submit an application with relevant invoices/bills in respect of the relevant Accounts Receivable and other supporting documents to the Factoring Company for approval. Subject to the assessment by, and the approval of the application at the discretion of, the Factoring Company, Guangdong Yuehai Land shall transfer the creditor’s rights and relevant benefits of the relevant Accounts Receivable to the Factoring Company, and the Factoring Company shall receive the creditor’s rights and relevant benefits of the relevant Accounts Receivable and provide Funds to Guangdong Yuehai Land. The amount of the Accounts Receivable to be transferred by Guangdong Yuehai Land to the Factoring Company and the amount of Funds provided to Guangdong Yuehai Land by the Factoring Company will be on a dollar-for-dollar basis. The Funds shall be payable by the Factoring Company to Guangdong Yuehai Land within 10 days from the date of transfer of the relevant Accounts Receivable.
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Transfer of Accounts Receivable. Upon the execution of the Re-factoring Agreement, the Accounts Receivable in the aggregate sum of RMB16.7 million (equivalent to approximately HK$19.5 million) and all the creditor’s rights and relevant rights thereunder shall be transferred to Dongrui. Interest rate: 10.63% per annum Default interest: 0.01% per day Type of re-factoring: The re-factoring is with recourse. Dongrui may demand Jiangsu Pangfei to repurchase all the outstanding Accounts Receivable upon the end of the term, including but not limited to the principal amount of the outstanding Accounts Receivable together with interest thereon and other related expenses incurred by the outstanding Accounts Receivable. Repayment: Upon the request of Xxxxxxx, Jiangsu Pangfei shall repay the re- factoring principal together with interest thereon and other related expenses in a lump sum upon the end of the term. In such an event, Dongrui shall transfer the Accounts Receivable and all creditor’s rights and relevant rights thereunder back to Xxxxxxx Xxxxxxx.
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Transfer of Accounts Receivable 
Sample 1

Related to Transfer of Accounts Receivable

  • Transfer of Accounts The Seller may transfer the Custodial Account or the Escrow Account to a different depository institution from time to time. Such transfer shall be made only upon obtaining the consent of the Purchaser, which consent shall not be unreasonably withheld. In any case, the Custodial Account and Escrow Account shall be Eligible Accounts.

  • Accounts Receivable All accounts receivable of the Acquired Companies that are reflected on the Balance Sheet or the Interim Balance Sheet or on the accounting records of the Acquired Companies as of the Closing Date (collectively, the "Accounts Receivable") represent or will represent valid obligations arising from sales actually made or services actually performed in the Ordinary Course of Business. Unless paid prior to the Closing Date, the Accounts Receivable are or will be as of the Closing Date current and collectible net of the respective reserves shown on the Balance Sheet or the Interim Balance Sheet or on the accounting records of the Acquired Companies as of the Closing Date (which reserves are adequate and calculated consistent with past practice and, in the case of the reserve as of the Closing Date, will not represent a greater percentage of the Accounts Receivable as of the Closing Date than the reserve reflected in the Interim Balance Sheet represented of the Accounts Receivable reflected therein and will not represent a material adverse change in the composition of such Accounts Receivable in terms of aging). Subject to such reserves, each of the Accounts Receivable either has been or will be collected in full, without any set-off, within ninety days after the day on which it first becomes due and payable. There is no contest, claim, or right of set-off, other than returns in the Ordinary Course of Business, under any Contract with any obligor of an Accounts Receivable relating to the amount or validity of such Accounts Receivable. Part 3.8 of the Disclosure Letter contains a complete and accurate list of all Accounts Receivable as of the date of the Interim Balance Sheet, which list sets forth the aging of such Accounts Receivable.

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account.

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