Assignment of Accounts Receivable Clause Samples

Assignment of Accounts Receivable. The account(s) receivable as set forth herein shall the amount of US$ 6,397,508.39 currently owed to Capstone by BPC.

Assignment of Accounts Receivable. Client hereby assigns ZIM as a secured vendor, and Client also reserves the right to secure payment from month to month by the assignment of account receivables from other parties owing monies to Client ("Assignment"). To be clear, the Assignment shall be exclusively limited to the Excess Amounts due and payable in accordance with the terms hereunder. Client reserves the right to remit such payment directly to ZIM or, alternatively, at the option of Client, to arrange for payments by way of the aforementioned Assignment. Further, ZIM shall only be a secured vendor as long as it does not breach any of its obligations under this Agreement and that of the Bulk Messaging Agreement.

Assignment of Accounts Receivable. Client hereby sells, transfers and assigns to A/R Funding as absolute owner, and A/R Funding hereby purchases and accepts from Client, except as set forth hereafter, certain accounts receivable now or hereafter created by Client's sales or services to customers acceptable to and approved by A/R Funding and represented by Client to be bonafide existing obligations of its customers arising out of and acquired by it in its ordinary course of its business, which receivables are or will be due and owing to Client without defense, offset or counterclaim.

Assignment of Accounts Receivable. CYNET agrees to assign, and AECsoft agrees to accept, all accounts receivable related to the Contracts as of January 5, 2001 as indicated in Exhibit "C." Such accounts receivable shall include any and all past due amounts, as well as any future revenue to be derived from the Contracts. In connection with the assignment such accounts receivable, AECsoft will retain no current or future revenue obligations to CYNET. Moreover, AECsoft may directly ▇▇▇▇ former CYNET clients for any and all client-approved maintenance, modifications and creations, which CYNET did not ▇▇▇▇ prior to the signing of this Agreement.

Assignment of Accounts Receivable. If Vendor assigns payments to an assignee/factor, Vendor understands and agrees that Vendor and the assignee/factor will be required to sign Dealer's standard acknowledgment form to assure Dealer that the assignee/factor understands the rights and obligations being assigned, including the right of Dealer to make offsets.

Assignment of Accounts Receivable. If Manufacturer assigns payments to an assignee/factor, Manufacturer understands and agrees that Manufacturer and the assignee/factor shall be required to sign PDI’s standard acknowledgment form to assure PDI that the assignee/factor understands the rights and obligations being assigned, including the right of PDI to make offsets.

Assignment of Accounts Receivable. In the event any Parent Indemnified Party recovers Losses pursuant to Section 13.2(a)(i) for any breach or inaccuracy of any representation or warranty of the Company set forth in Section 5.22 (Accounts and Notes Receivable and Payable) relating to the collectability of any accounts receivable or notes receivable of the Company, Parent shall assign such accounts receivable or notes receivable to the Securityholders’ Representative within three (3) Business Days following such recovery pursuant to a mutually agreeable assignment agreement.

Assignment of Accounts Receivable. Following the Closing, Cuentas SDI shall assign to Seller all accounts receivable from Red Pocket and Black Wireless.

Assignment of Accounts Receivable. If, and to the extent that, the Surviving Corporation is unable, using reasonable diligent efforts, to collect all of the accounts receivable of the Company reflected in the Company Balance Sheet within 120 days after the Closing Date (net of any allowance for bad debts reflected on the Company Balance Sheet), and inTEST successfully asserts under Sections 14 and 15 hereof a claim for indemnification relating thereto and inTEST, Newsub or the Company receives payment therefor, inTEST shall cause the Surviving Corporation promptly to assign to ▇▇▇▇▇ all of the Surviving Corporation's right, title and interest in and to those uncollected accounts receivable that made up the basis of such indemnification claim. Thereafter, if inTEST or the Surviving Corporation receive any payments on such uncollected accounts receivable, inTEST or the Surviving Corporation, as the case may be, shall promptly pay to ▇▇▇▇▇ any such amounts received by them.