Common use of Assignment of Uncollected Receivables Clause in Contracts

Assignment of Uncollected Receivables. In the event that Indemnifiable Damages are payable to the Buyer because all or a portion of the Receivables are not collected by the Buyer as provided in Section 4.9, the Buyer shall assign (without recourse) such Receivables (to the extent uncollected) to the Sellers promptly after payment by the Indemnitors of the Indemnifiable Damages becoming due as a result of such noncollection.

Assignment of Uncollected Receivables. In the event that Indemnifiable Damages are payable to the Buyer Purchaser because all or a portion of the Receivables are not collected by the Buyer as provided in Section 4.9Purchaser, after Purchaser makes all reasonable efforts to obtain payment of such Receivables, the Buyer Purchaser shall assign cause such Receivables to be assigned (without recourse) such Receivables (to the extent uncollected) uncollected to the Sellers Seller promptly after payment by the Indemnitors Seller of the Indemnifiable Damages becoming due due, if any, as a result of such noncollection.

Assignment of Uncollected Receivables. In the event that Indemnifiable Damages are payable to the Buyer because all or a portion of the Receivables are not collected by the Buyer as provided in Section 4.9herein provided, the Buyer shall assign (without recourse) such Receivables (to the extent uncollected) to the Sellers Seller promptly after payment by the Indemnitors of the Indemnifiable Damages becoming due as a result of such noncollection.