Offer to Sell. The Cooperative may from time to time offer to sell Receivables to Statesman as herein provided, but, except as the parties may otherwise agree, no Receivable from any obligor shall be sold unless all accounts owing from such obligor to the Cooperative are sold, and no Retail Account arising out of a sale at any Retail Service shall be sold unless all Retail Accounts arising out of sales at such Retail Service are sold.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Southern States Capital Trust I), Revolving Credit Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust I)
Offer to Sell. The Cooperative may from time to time ------------- offer to sell Receivables to Statesman as herein provided, but, except as the parties may otherwise agree, no Receivable from any obligor shall be sold unless all accounts owing from such obligor to the Cooperative are sold, and no Retail Account arising out of a sale at any Retail Service shall be sold unless all Retail Accounts arising out of sales at such Retail Service are sold.
Appears in 2 contracts
Samples: Financing Services and Contributed Capital Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust Ii)
