Common use of Collection by Buyer Clause in Contracts

Collection by Buyer. Buyer is appointed Seller's attorney-in-fact and may: (a) demand, sue for and receive all p▇▇▇ents for the Purchased Receivables; and (b) enforce payment of each Purchased Receivable in 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[, provided that Buyer shall use its best efforts contemporaneously to provide Seller a copy of any such notification]; and (e) compromise, prosecute or defend any action or claim involving a Purchased Receivable including filing or voting a claim in a bankruptcy case; and (f) require Seller, at its expense, to notify the Account Debtors to pay Buyer directly; and (g) require Seller reasonably to assist collecting and enforcing claims and execute any documents in connection therewith that Buyer reasonably requests; and (h) do anything reasonably necessary or expedient in connection with a Purchased Receivable.

Collection by Buyer. Buyer is appointed Seller's attorney-in-fact and may: (a) demand, sue for and receive all ppayments for t▇▇▇ents for the ▇ Purchased Receivables; and (b) enforce payment of each Purchased Receivable in 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[, provided that Buyer shall use its best efforts contemporaneously to provide Seller a copy of any such notification]; and (e) compromise, prosecute or defend any action or claim involving a Purchased Receivable including filing or voting a claim in a bankruptcy case; and (f) require Seller, at its expense, to notify the Account Debtors to pay Buyer directly; and (g) require Seller reasonably to assist collecting and enforcing claims and execute any documents in connection therewith that Buyer reasonably requests; and (h) do anything reasonably necessary or expedient in connection with a Purchased Receivable.