Factoring. Section 16.1 Carrier shall provide Shipper thirty (30) days prior written notice of any assignment, factoring, or other transfer of its right to receive payments arising under this Agreement and obtain Shipper’s written consent to such assignment, factoring, or other transfer prior to same taking legal effect. Such written notice shall include the name and address of assignee/transferee, date, date assignment is to begin, and terms of the assignment, and shall be considered delivered upon receipt of such written notice by Shipper.
Appears in 2 contracts
Sources: Transportation Agreement (Pilgrims Pride Corp), Transportation Agreement (Pilgrims Pride Corp)