Repurchase of Accounts. Seller shall within five (5) Business Days of demand by Purchaser repurchase any Purchased Account that Purchaser determines at any time is uncollectible for any reason or is otherwise no longer an Eligible Account and on such demand shall pay to Purchaser the then unpaid amount due on the Purchased Account, together with any accrued but unpaid fees relating to the Purchased Account. Purchaser shall retain its security interest in any Purchased Account repurchased by Xxxxxx.
Appears in 2 contracts
Samples: Ledgered Abl Agreement (Veritone, Inc.), Invoice Purchase and Security Agreement (Neptune Wellness Solutions Inc.)
Repurchase of Accounts. Seller shall within five (5) Business Days of demand by Purchaser repurchase any Purchased Account that Purchaser reasonably determines at any time is uncollectible for any reason or is otherwise no longer an Eligible Account and on such demand shall pay to Purchaser the then unpaid amount due on the Purchased Account, together with any accrued but unpaid fees relating to the Purchased Account. Purchaser shall retain its security interest in any Purchased Account repurchased by XxxxxxSxxxxx.
Appears in 1 contract
Samples: Invoice Purchase and Security Agreement (BK Technologies Corp)
Repurchase of Accounts. Seller shall within five (5) Business Days of demand by Purchaser repurchase any Purchased Account that Purchaser determines at any time is uncollectible for any reason or is otherwise no longer an Eligible Account and on such demand shall pay to Purchaser the then unpaid amount due on the Purchased Account, together with any accrued but unpaid fees relating to the Purchased Account. Purchaser shall retain its security interest in any Purchased Account repurchased by XxxxxxSxxxxx.
Appears in 1 contract
Samples: Invoice Purchase and Security Agreement (Sky Quarry Inc.)
Repurchase of Accounts. Seller shall within five (5) Business Days of demand by Purchaser repurchase any Purchased Account that Purchaser determines at any time is uncollectible for any reason or is otherwise no longer an Eligible Ineligible Account and on such demand shall pay to Purchaser the then unpaid amount due on the such Purchased Account, together with any accrued but unpaid fees relating to the Purchased Account. Purchaser shall retain its security interest in any Purchased Account repurchased by XxxxxxSxxxxx.
Appears in 1 contract
Samples: Invoice Purchase and Security Agreement (Stryve Foods, Inc.)
