Common use of Accounts Receivable Collection Clause in Contracts

Accounts Receivable Collection. The Company will collect and otherwise enforce all of its unpaid Accounts Receivable at its cost and expense, until you end its authority to do so, which you may do at any time to protect your best interests. Notwithstanding the foregoing, you agree that you will not end its authority to collect its unpaid Accounts Receivables until the Company is in default of this Agreement or any other Loan Documents. The Company will not sell, assign or otherwise dispose of any Accounts Receivable without your written consent.

Appears in 1 contract

Sources: Commercial Loan Agreement (Optical Cable Corp)

Accounts Receivable Collection. The Company I will collect and otherwise enforce all of its my unpaid Accounts Receivable at its my cost and expense, until you end its my authority to do so, which you may do at any time to protect your best interests. Notwithstanding the foregoing, you agree that you will not end its authority to collect its the Company’s unpaid Accounts Receivables until the Company is in default of this Agreement or any other Loan loan Documents. The Company I will not sell, assign or otherwise dispose of any Accounts Receivable without your written consent.

Appears in 1 contract

Sources: Commercial Loan Agreement (Optical Cable Corp)

Accounts Receivable Collection. The Company will collect and otherwise enforce all of its unpaid Accounts Receivable at its the Company’s cost and expense, until you end its authority to do so, which you may do at any time to protect your best interests. Notwithstanding the foregoing, you agree that you will not end its authority to collect its the Company’s unpaid Accounts Receivables until the Company is in default of this Agreement or any other Loan Documents. The Company will not sell, assign or otherwise dispose of any Accounts Receivable without your written consent.

Appears in 1 contract

Sources: Commercial Loan Agreement (Optical Cable Corp)