Disputed Accounts definition
Examples of Disputed Accounts in a sentence
By motion, dated May 19, 2009 (the “SJ Motion”), the Debtors sought entry of an order granting summary judgment in their favor and directing turnover of the Disputed Accounts to WMI.
No. 09-50934(MFW), in the Bankruptcy Court, seeking to recover the Disputed Accounts (the “Turnover Action”).
Seller must immediately notify Catalyst of any Disputed Accounts upon receipt of its knowledge thereof.
From and after the date hereof, interest shall continue to accrue or be deemed to accrue on the balances specified for the WMI Accounts and the Disputed Accounts at the greater of (a) three (3) basis points and (b) such other amount as may be quoted by JPMC as applicable to one, three and six month rates, as selected by WMI in its sole and absolute discretion.
Upon the receipt of any proceeds from the collection of any Large Disputed Accounts, Borrower shall immediately make a mandatory prepayment of the Obligations in an amount equal to one hundred percent (100%) of such proceeds.
Further, with respect to those Accounts as to which the customer has asserted some defense, setoff or other claim that the Account is not due and payable ("Disputed Accounts"), Buyer shall not be obligated to apply payments received from such customer against the Disputed Account.
Client agrees to indemnify and save Hell▇▇ ▇▇▇mless from and against any and all loss, costs and expenses caused by or arising out of Disputed Accounts, including, but to limited to, collection expenses and attorneys' fees incurred with respect thereto.
Seller agrees to notify * immediately of the assertion by any Account Debtor of any dispute or other claim (including any defense or offset asserted by any Account Debtor) with respect to any Account sold to * hereunder, or with respect to any related goods or services ("Disputed Accounts").
Upon *'s request, Seller agrees to settle, at its own expense and for the benefit of *, all Disputed Accounts; provided, that any such settlement shall be made only with the prior written consent of *.
If a Default or Unmatured Default has occurred and is continuing, immediately upon collection of any Account (other than Large Disputed Accounts) Borrower shall immediately make a mandatory payment in an amount equal to the full amount collected, provided that (A) such prepayment shall first be applied in accordance with Section 2.7.3 and (B) the remainder of such prepayment shall be applied as specified by the Required Lenders.