Collection by Seller. (a) Buyer appoints Seller its attorney-in-fact to receive payments and enforce its rights and designates Seller it's assignee for collection. Seller will use diligence and commercially reasonable means to collect Purchased Receivables. Buyer may revoke these appointments at any time.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Marimba Inc), Non Recourse Receivables Purchase Agreement (Art Technology Group Inc), Receivables Purchase Agreement (Harmonic Inc)
Collection by Seller. (a) a. Buyer appoints Seller its attorney-in-fact to receive payments and enforce its rights and designates Seller it's assignee for collection. Seller will use diligence and commercially reasonable means to collect Purchased Receivables. Buyer may revoke these appointments at any timeif an Event of Default occurs and continues.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Credence Systems Corp), Non Recourse Receivables Purchase Agreement (MMC Networks Inc)
Collection by Seller. (a) Buyer appoints Seller its attorney-in-fact to receive payments and enforce its rights and designates Seller it's ’s assignee for collection. Seller will use diligence and commercially reasonable means to collect Purchased Receivables. Buyer may revoke these appointments at any time.
Appears in 1 contract
Samples: Non Recourse Receivables Purchase Agreement (Deltagen Inc)
