Common use of Terms of Accounts Clause in Contracts

Terms of Accounts. Except as otherwise may be agreed to in writing by WFBC from time to time, the terms of sale offered to Seller to its account debtors with respect to all accounts offered to WFBC for purchase hereunder shall be NET 30 DAYS. After an account has been purchased by WFBC, Seller shall not have the right to vary the terms of sale set forth in the invoice relating to such account, or any other aspect of the account, except in Seller’s capacity as agent for WFBC for purposes of collection of the accounts purchased by WFBC as set forth in Section 8 hereof, and then only with the prior written consent of WFBC.

Appears in 3 contracts

Samples: Account Transfer Agreement (Corporate Resource Services, Inc.), Account Transfer Agreement (Hyperion Energy, Inc.), Account Transfer Agreement (Hyperion Energy, Inc.)

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Terms of Accounts. Except as otherwise may be agreed to in writing by WFBC from time to time, the terms of sale offered to Seller to its account debtors with respect to all accounts offered to WFBC for purchase hereunder shall be NET 30 DAYS30. After an account has been purchased by WFBC, Seller shall not have the right to vary the terms of sale set forth in the invoice relating to such account, or any other aspect of the account, except in Seller’s 's capacity as agent for WFBC for purposes of collection of the accounts purchased by WFBC as set forth in Section 8 hereof, and then only with the prior written consent of WFBC.

Appears in 1 contract

Samples: Account Transfer Agreement (Cargo Connection Logistics Holding, Inc.)

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