Examples of Uncollected Receivables in a sentence
Upon receipt of such payment, Buyer shall assign to Seller, without recourse to the Buyer and subject to the second previous sentence, the claims included in the Uncollected Receivables, including any lien or other rights related thereto.
Within ten (10) business days following Seller's receipt of such statement, Seller shall pay to Buyer, by wire transfer of immediately available funds, to the account specified in writing by Buyer to Seller, the amount of the Uncollected Receivables.
The provisions of Section 8 notwithstanding, Seller's indemnity obligation for such Uncollected Receivables shall be satisfied by making the payment provided for in Section 10.4(b) above, and no other remedy shall be available with respect to such Uncollected Receivables or the representations set forth in Section 4.9.
Intermec and French Subsidiary shall (and shall cause the relevant members of TSG to) make and keep detailed records of amounts collected in respect of the Transfer Date Receivables until such time as the "Uncollected Receivables" (as defined in paragraph (b) below) are assigned to Amtech pursuant to paragraph (b) below.
Upon receiving payment for the Uncollected Receivables Amount, Buyer shall assign such Closing Date Receivables to the Seller.