Common use of Accounts Receivable Collection Clause in Contracts

Accounts Receivable Collection. Following the AR Closing, Purchaser agrees to: (i) use reasonable commercial efforts to collect the Accounts Receivable (and such efforts shall be no less diligent in all material respects than Purchaser uses to collect its accounts receivable generated in its own operations); (ii) apply Seller's written standard accounts receivable collection practices in the collection of the Accounts Receivable; (iii) apply proceeds received by Seller from debtors under the Accounts Receivable in order of maturity of the Accounts Receivable (and other existing accounts receivable of Purchaser from the same debtor); and (iv) not intentionally compromise, cancel, excuse or modify in any material respect any Accounts Receivable without Seller's prior written consent, which consent shall not be unreasonably withheld. Subject to the foregoing, regardless of any disclosure and to the extent that Purchaser is required to record a write-off with respect to all or any portion of the Accounts Receivable in connection with the preparation of its year

Accounts Receivable Collection. Following the AR ----------- ------------------------------ Closing, Purchaser agrees to: (i) use reasonable commercial efforts to collect the Accounts Receivable (and such efforts shall be no less diligent in all material respects than Purchaser uses to collect its accounts receivable generated in its own operations); (ii) apply Seller's written standard accounts receivable collection practices in the collection of the Accounts Receivable; (iii) apply proceeds received by Seller from debtors under the Accounts Receivable in order of maturity of the Accounts Receivable (and other existing accounts receivable of Purchaser from the same debtor); and (iv) not intentionally compromise, cancel, excuse or modify in any material respect any Accounts Receivable without Seller's prior written consent, which consent shall not be unreasonably withheld. Subject to the foregoing, regardless of any disclosure and to the extent that Purchaser is required to record a write-off with respect to all or any portion of the Accounts Receivable in connection with the preparation of its year