No Commitment to Purchase; No Liability. ▇▇▇▇▇ shall have no obligation to accept any offer to sell, or otherwise to purchase, any Receivable from Supplier and nothing in this Agreement or otherwise constitutes a commitment on the part of ▇▇▇▇▇ to make any such purchase. ▇▇▇▇▇ may reject any offer from time to time in its sole and absolute discretion, without any notice or explanation to Supplier as to the basis for such determination. No such obligation or commitment shall be implied by an act or omission of ▇▇▇▇▇ or on its behalf other than the payment by ▇▇▇▇▇ to Supplier of the Purchase Price for any Receivables in accordance with the terms hereof and the satisfaction of the conditions to any such sale by Supplier to ▇▇▇▇▇ of a Receivable under the terms hereof. ▇▇▇▇▇ shall have no liability to Supplier or to any other Person for declining to accept any offer to purchase a Receivable or the withdrawal or revocation of any acceptance of an offer to purchase a Receivable on the basis of the failure of any of the conditions to such purchase to be satisfied in the determination of ▇▇▇▇▇.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Scotts Liquid Gold Inc), Receivables Purchase Agreement (Scotts Liquid Gold Inc)