Common use of Accounts Receivable Adjustment Clause in Contracts

Accounts Receivable Adjustment. Within ten (10) business days after June 30, 1997, the Purchaser shall prepare and deliver to the Seller a certificate describing the Accounts Receivable Adjustment determined in accordance with Section 4.2(a) above; provided that the Accounts Receivable Adjustment shall be paid solely out of, and capped at an amount equal to, the then balance of the Escrow Fund held pursuant to the Escrow Agreement; and provided further that such claim for adjustment shall be submitted for consideration and payment in accordance with the terms and conditions of the Escrow Agreement. In the event of any such Accounts Receivable Adjustment, delinquent Accounts Receivable in the principal amount equal to such Accounts Receivable Adjustment (as mutually selected by the Purchaser and the Seller) shall be reassigned to the Seller.

Accounts Receivable Adjustment. Within ten (10) business days after June 30, 1997, the Purchaser shall prepare and deliver to the Seller a certificate describing the Accounts Receivable Adjustment determined in accordance with Section 4.2(a) above; provided that the Accounts Receivable Adjustment shall be paid satisfied solely out ofby Purchaser's right of set-off from its obligations under the Notes on a dollar-for-dollar basis, and capped at an amount equal to, following the then balance of the Escrow Fund held pursuant to the Escrow Agreement; and provided further that such claim for adjustment shall be submitted for consideration and payment procedures set forth in accordance with the terms and conditions of the Escrow Agreement. Article XVI-A. In the event of any such Accounts Receivable Adjustment, delinquent Accounts Receivable in the principal amount equal to such Accounts Receivable Adjustment (as mutually selected by the Purchaser and the Seller) shall be reassigned to the Seller.