Assignment of Accounts Receivable. If Manufacturer assigns payments to an assignee/factor, Manufacturer understands and agrees that Manufacturer and the assignee/factor shall be required to sign PDI’s standard acknowledgment form to assure PDI that the assignee/factor understands the rights and obligations being assigned, including the right of PDI to make offsets.
Appears in 2 contracts
Sources: Manufacturing Agreement (Photon Dynamics Inc), Manufacturing Agreement (Photon Dynamics Inc)