Common use of Collection by Buyer Clause in Contracts

Collection by Buyer. If an Event of Default occurs and continues Buyer is appointed Sellers attorney-in-fact and Buyer may: (a) demand, ▇▇▇ for and receive all payments for the Purchased Receivables; and (b) enforce payment of each Purchased Receivable in Sellers name; and (c) endorse Seller's name on checks or other instruments; and (d) notify Account Debtors of the purchase and sale and require all payments be made directly to Buyer. (e) compromise, prosecute or defend any action or claim involving a Purchased Receivable including filing or voting a claim in a bankruptcy case. (f) require Seller, at its expense, to notify the Account Debtors to pay Buyer directly; and (g) require Seller to assist collecting and enforcing claims and execute any documents that Buyer reasonably requests.

Collection by Buyer. If an Event of Default occurs and continues Buyer is appointed Sellers attorney-in-fact and Buyer may: (a) demand, ▇▇▇ sue for and receive all payments p▇▇▇ents for the Purchased Receivables; andReceivables;and (b) enforce payment of each Purchased Receivable in Sellers Seller's name; and (c) endorse Seller's name on checks or other instruments; and (d) notify Account Debtors of the purchase and sale and require all payments be made directly to Buyer. (e) compromise, prosecute or defend any action or claim involving a Purchased Receivable including filing or voting a claim in a bankruptcy case. (f) require Seller, at its expense, to notify the Account Debtors to pay Buyer directly; and (g) require Seller to assist collecting and enforcing claims and execute any documents that Buyer reasonably requests.