True Sales. Seller and KBK acknowledge and agree that the sale of accounts contemplated and covered hereby are fully intended by the parties hereto as true sales governed by the provisions of Section 306.103 of the Texas Finance Code and Section 9.109(e) of the Texas Business and Commerce Code, as each may be amended from time to time, and, accordingly, legal and equitable title in all of Seller's accounts sold to and purchased by KBK from time to time hereunder will pass to KBK.
Appears in 2 contracts
Samples: Account Transfer and Purchase Agreement (Kitty Hawk Inc), Account Transfer and Purchase Agreement (Aesp Inc)
True Sales. Seller and KBK acknowledge and agree that the sale of accounts contemplated and covered hereby are fully intended by the parties hereto as true sales governed by the provisions of Section 306.103 Article 5069-1H.103 of the Texas Finance Code Revised Civil Statutes and Section 9.109(e) 9.102 of the Texas Business and Commerce Code, as each may be amended from time to time, and, accordingly, legal and equitable title in all of Seller's accounts sold to and purchased purchase by KBK from time to time hereunder will pass to KBK.
Appears in 1 contract
Samples: Account Transfer and Purchase Agreement (H E R C Products Inc)
True Sales. Seller and KBK acknowledge and agree that the sale of ----------- accounts contemplated and covered hereby are fully intended by the parties hereto as true sales governed by the provisions of Section 306.103 Article 5069-lH.103 of the Texas Finance Code Revised Civil Statutes and Section 9.109(e) 9.102 of the Texas Business and Commerce Code, as each may be amended from time to time, and, accordingly, legal and equitable title in all of Seller's accounts sold to and purchased by KBK from time to time hereunder will pass to KBK.
Appears in 1 contract
Samples: Account Transfer and Purchase Agreement (Boots & Coots International Well Control Inc)
True Sales. Seller and KBK acknowledge and agree that the sale of accounts contemplated and covered hereby are fully intended by the parties hereto as true sales governed by the provisions of Section 306.103 Article 5069-1H.103 of the Texas Finance Code Revised Civil Statutes and Section 9.109(e) 9.102 of the Texas Business and Commerce Code, as each may be amended from time to time, and, accordingly, legal and equitable title in all of Seller's accounts sold to and purchased by KBK from time to time hereunder will pass to KBK.
Appears in 1 contract
Samples: Account Transfer and Purchase Agreement (Prologic Management Systems Inc)
