Common use of Reserve Requirement Clause in Contracts

Reserve Requirement. Fifteen percent (15%) of all unpaid accounts purchased by us and one hundred percent (100%) of all such accounts which are disputed or which you may be obligated to repurchase (including, without limitation, any "client's risk account" as defined in SECTION 4) shall be held by us as cash collateral (hereinafter the "RESERVE") against which we may at any time charge any liability you may now or hereafter owe us, directly or indirectly. We shall have the right to change the percentage of unpaid accounts at which the reserve will be maintained at any time without notice to you as we in our sole discretion shall deem necessary for our protection. Should any notice of termination of this Agreement be sent by either party or should we terminate without notice as provided for herein, then we may hold one hundred percent (100%) of all unpaid accounts as such reserve. We may, in our sole discretion, withhold a reserve from any payment to you should we have reason to believe sufficient objection to the amount owed may be raised by a customer, court of competent jurisdiction, or other relevant third party. The reserve required hereunder shall be maintained with us in an account designated as the "Factoring Account."

Reserve Requirement. Fifteen percent (1530%) of all unpaid accounts purchased by us and one hundred percent (100%) of all such accounts which are disputed or which you may be obligated to repurchase (including, without limitation, any "client's risk account" as defined in SECTION 4) shall be held by us as cash collateral (hereinafter the "RESERVEreserve") against which we may at any time charge any liability you may now or hereafter owe us, directly or indirectly. We shall have the right to change the percentage of unpaid accounts at which the reserve will be maintained at any time without notice to you as we in our sole discretion shall deem necessary for our protection. Should any notice of termination of this Agreement be sent by either party or should we terminate without notice as provided for herein, then we may hold one hundred percent (100%) of all unpaid accounts as such reserve. We may, in our sole discretion, withhold a reserve from any payment to you should we have reason to believe sufficient objection to the amount owed may be raised by a customer, court of competent jurisdiction, or other relevant third party. The reserve required hereunder shall be maintained with us in an account designated as the "Factoring Account."

Reserve Requirement. Fifteen percent (15%) of all unpaid accounts purchased by us and one hundred percent (100%) of all such accounts which are disputed or which you may be obligated to repurchase (including, without limitation, any "client's risk account" as defined in SECTION Section 4) shall be held by us as cash collateral (hereinafter the "RESERVEReserve") against which we may at any time charge any liability you may now or hereafter owe us, directly or indirectly. We shall have the right to change the percentage of unpaid accounts at which the reserve Reserve will be maintained at any time without notice to you as we in our sole discretion shall deem necessary for our protection. Should any notice of termination of this Agreement be sent by either party or should we terminate without notice as provided for herein, then we may hold one hundred percent (100%) of all unpaid accounts as such reservein the Reserve. We may, in our sole discretion, withhold a reserve additional reserves from any payment to you should we have reason to believe sufficient objection to the amount owed may be raised by a customer, court of competent jurisdiction, or other relevant third party. The reserve Reserve required hereunder shall be maintained with us in an account designated as the "Factoring Account."

Reserve Requirement. Fifteen percent (15%) of all unpaid accounts purchased by us and one hundred percent (100%) of all such accounts which are disputed or which you may be obligated to repurchase (including, without limitation, any "client's risk account" as defined in SECTION 4) shall be held by us as cash collateral (hereinafter the "RESERVEReserve") against which we may at any time charge any liability you may now or hereafter owe us, directly or indirectly. We shall have the right to change the percentage of unpaid accounts at which the reserve Reserve will be maintained at any time without notice to you as we in our sole discretion shall deem necessary for our protection. Should any notice of termination of this Agreement be sent by either party you or us or should we terminate without notice as provided for hereinunder this Agreement, then we may hold one hundred percent (100%) of all unpaid accounts as such reservein the Reserve. We may, in our sole discretion, withhold a reserve additional reserves from any payment to you should we have reason to believe sufficient objection to the amount owed may be raised by a customerCustomer, another creditor, a trustee, a court of competent jurisdiction, any government entity or other relevant third party. The reserve Reserve required hereunder shall be maintained with us in an account designated as the "Factoring Account."

Reserve Requirement. Fifteen percent (15%) of all unpaid accounts purchased by us and one hundred percent (100%) of all such accounts which are disputed or which you may be obligated to repurchase (including, without limitation, any "client's risk account" as defined in SECTION 4) shall be held by us as cash collateral (hereinafter the "RESERVE") against which we may at any time charge any liability you may now or hereafter owe us, directly or indirectly. We shall have the right to change the percentage of unpaid accounts at which the reserve will be maintained at any time without notice to you as we in our sole discretion shall deem necessary for our protection. Should any notice of termination of this Agreement be sent by either party or should we terminate without notice as provided for hereinin SECTION 17, then we may hold one hundred percent (100%) of all unpaid accounts as such reserve. We may, in our sole discretion, withhold a reserve from any payment to you should we have reason to believe sufficient objection to the amount owed may be raised by a customer, court of competent jurisdiction, or other relevant third party. The reserve required hereunder shall be maintained with us in an account designated as the "Factoring Account."

Reserve Requirement. Fifteen Ten percent (1510%) of all unpaid accounts purchased by us and one hundred percent (100%) of all such accounts which are disputed or which you may be obligated to repurchase (including, without limitation, any "client's risk account" as defined in SECTION Section 4) shall be held by us as cash collateral (hereinafter the "RESERVEreserve") against which we may at any time charge any liability you may now or hereafter owe us, directly or indirectly. We shall have the right to change the percentage of unpaid accounts at which the reserve will be maintained at any time without notice to you as we in our sole discretion shall deem necessary for our protection. Should any notice of termination of this Agreement agreement be sent by either party or should we terminate without notice as provided for herein, then we may hold one hundred percent (100%) of all unpaid accounts as such reserve. We may, in our sole discretion, withhold a reserve from any payment to you should we have reason to believe sufficient objection to the amount owed may be raised by a customer, court of competent jurisdiction, or other relevant third party. The reserve required hereunder shall be maintained with us in an account designated as the "Factoring Account"."

Reserve Requirement. Fifteen percent (15%) of all unpaid accounts purchased by us and one hundred percent (100%) of all such accounts which are disputed or which you may be obligated to repurchase (including, without limitation, any "client's risk account" as defined in SECTION 4) shall be held by us as cash collateral (hereinafter the "RESERVEreserve") against which we may at any time charge any liability you may now or hereafter owe us, directly or indirectly. We shall have the right to change the percentage of unpaid accounts at which the reserve will be maintained at any time without notice to you as we in our sole discretion shall deem necessary for our protection. Should any notice of termination of this Agreement be sent by either party or should we terminate without notice as provided for hereinin SECTION 17, then we may hold one hundred percent (100%) of all unpaid accounts as such reserve. We may, in our sole discretion, withhold a reserve from any payment to you should we have reason to believe sufficient objection to the amount owed may be raised by a customer, court of competent jurisdiction, or other relevant third party. The reserve required hereunder shall be maintained with us in an account designated as the "Factoring Account."