TRUE SALE OF ACCOUNTS. Seller and CAM agree and acknowledge that the intention of the parties with respect to the Accounts is to accomplish a true sale of the Accounts as provided for in this Agreement. If for any reason, it is determined by a court of competent jurisdiction, that this Agreement does not provide a true sale of the Accounts, but constitutes a loan secured by the Accounts, than the Accounts shall be deemed to have been pledged to CAM pursuant to the Security Agreement.
Appears in 13 contracts
Samples: Factoring Agreement, Factoring Agreement, Factoring Agreement
