PURCHASE OF ACCOUNTS RECEIVABLES AND ASSIGNMENT AGREEMENTPurchase of Accounts Receivables and Assignment Agreement • March 5th, 2020
This Billing Services, Purchase of Accounts Receivables, and Assignment Agreement ("Agreement") is made as of this day of , 20 , by and between The Brooklyn Union Gas Company d/b/a National Grid NY, a New York corporation, having its principal
PURCHASE OF ACCOUNTS RECEIVABLES AND ASSIGNMENT AGREEMENTPurchase of Accounts Receivables and Assignment Agreement • March 5th, 2020
WHEREAS, in accordance with the New York State Public Service Commission ("PSC") December 21, 2007 Order in Cases 06-G-1185 and 06-G-1186, Company is implementing a Purchase of Accounts Receivable Program ("Program") pursuant to which, inter alia, (a) ESCO will sell and Company will purchase, without recourse, all of ESCO's accounts receivable arising from ESCO's sales of natural gas to ESCO Customers (as defined herein) occurring on or after the date of this Agreement ("New ESCO Accounts Receivable") and (b) ESCO will sell and Company will purchase, without recourse, ESCO's accounts receivable arising from ESCO's sales of natural gas to ESCO Customers prior to the date of this Agreement, provided that the ESCO Gas Charges (as defined herein) arising from such gas sales appeared on a Consolidated Bill (as defined herein) prior to the date of this Agreement ("Aging ESCO Accounts Receivable"). (The "New ESCO Accounts Receivable" and "Aging ESCO Accounts Receivable" are sometimes referred
