Payments on Accounts. At such time as Borrower submits any invoice that is being represented to constitute a Prime Account, to the best of Borrower’s knowledge after due inquiry at such time and subject to Borrower’s obligation to advise Lender at such time as it learns to the contrary, every payment falling due on Accounts assigned to Lender will be duly paid and received by Lender on or before the earlier of (a.) sixty (60) days from the due date of each invoice if the payment terms call for payments of thirty (30) days or less; and (b.) in any event, ninety (90) days from the date of each invoice.
Payments on Accounts. You shall, and we may, notify all persons obligated to make payments with respect to Accounts (collectively, "Account Debtors") to make all payments on or with respect to Accounts directly into a special banking account over which we have exclusive dominion, control, and power of access and withdrawal (the "Collection Account"). In connection therewith, you agree to reference our payment instructions on all invoices submitted to Account Debtors. In addition, if any Account Debtor is an agency, department, or instrumentality of the United States Government, you shall execute such forms of notice and assignment, and shall conform to all applicable procedures, as may be required pursuant to the Federal Assignment of Claims Act of 1940, as amended, in order to perfect our rights in the Accounts of such Account Debtor. You hereby authorize us to collect and receive all payments from all Account Debtors, and to facilitate our collection and receipt, you hereby irrevocably appoint and constitute us, or any of our agents or employees, as your lawful Attorney-in-Fact to exercise at any time any of the following powers: (1) to receive, endorse, and deposit in our name all payments from Account Debtors; (ii) to transmit to any party notice that you have granted to us a security interest in the Accounts or that an Assigned Account has been sold to us; (iii) to institute any proceedings deemed by us necessary to effect collection of Accounts; and (iv) to sign your name on any financing statements, or any amendment or continuation statement relating thereto with respect to any Account. Any act of ours as your lawful Attorney-in-Fact shall not render us liable for any acts of omission or commission, nor for any error of judgment or mistake of fact or law. If you receive any payment on any Account, you shall promptly remit such payment in the form received (with any necessary endorsement) directly to us. Until so remitted, you will hold such payment in trust for us separate and apart from all of your other funds.
Payments on Accounts. Within 30 days of the Closing Date, Borrower will direct all of its account debtors (other than those account debtors that have already received invoices, solely with respect to such invoices) to remit payments with respect to Accounts to the Lockbox. Redback – Loan Agreement
Payments on Accounts. Sellers shall pay, in accordance with their terms, all accounts payable outstanding on the Closing Date, except those which constitute Assumed Liabilities or payables being disputed by Sellers in good faith.
Payments on Accounts. At such time as Borrower submits any invoice that is being represented to constitute a Prime Account, to the best of Borrower’s knowledge after due inquiry at such time and subject to Borrower’s obligation to advise Lender at such time as it learns to the contrary, every payment falling due on Accounts assigned to Lender will be duly paid and received by Lender on or before ninety (90) days from the date of each invoice.
Payments on Accounts. No payments made on the Accounts were made or financed, directly or indirectly, by Seller or any of its affiliates or made by any guarantor of an Account Debtor's obligations.
Payments on Accounts. Credits/Debits . Chargebacks . Write Offs . Slow Payer's . Collections Management and Deductions/Dispute Resolution . Reporting . ENDO is responsible for credit management (e.g., establishing customer credit limits, placing and releasing customer orders on credit hold).
Payments on Accounts. Dealer shall ensure that all payments on all Accounts are sent directly to the lockboxes as required by the Other Agreements, and shall not direct its account debtors or cause its account debtors to make payments in any other lockbox, account or location. If Dealer received any payment on any Account (regardless of the form received), Dealer shall, within one Business Day of Dealer’s receipt, deliver all such payments (with all necessary endorsements) for deposit to the depoisitory account into which receipts in the lockbox are deposited.
Payments on Accounts. At all locations, Professional will make available to Accountholders the address to be used for payment on Accounts to be made directly to Bank. If an Accountholder inadvertently sends a payment on Account to Bank in the name of Professional, Professional agrees that Bank may sign and endorse Professional’s name upon such payment to apply it to the applicable Account. Professional may not accept payment on an Account made by or on behalf of the applicable Accountholder to Professional, for the benefit of Bank, at any of Professional’s locations unless the parties agree in writing on the terms and conditions of Professional’s acceptance of onsite payments. For any purchase financed under the Program that Professional knows to be subject to an insurance claim, Professional will (A) at the time of purchase, either (i) notify Accountholder that Professional will assign all purchase-related insurance proceeds it receives directly to Bank to be applied toward the Accountholder’s Account, or (ii) instruct the applicable insurance company to pay the Accountholder directly, and (B) within 10 days of receipt of any insurance proceeds (or such other period of time agreed upon in writing between the parties), assign and forward such proceeds to Bank and notify the Accountholder of such assignment.
