Common use of Certain Accounts Receivable Clause in Contracts

Certain Accounts Receivable. If upon 120 calendar days after the Closing Date any accounts receivable included in the Purchased Assets remain uncollected and at least 60 days past due of their respective terms, Purchaser may assign such accounts receivable to Seller by written notice of such assignment to Seller specifying the accounts and amounts involved. Seller shall thereupon pay to Buyer in cash the face amount of such assigned accounts receivable within 10 calendar days. Both parties shall thereafter continue to cooperate in Seller's collection of such accounts receivable.