Common use of Proper Reporting Clause in Contracts

Proper Reporting. Seller agrees to properly reflect the effect of this Agreement, and all sales of Accounts related thereto, in all financial reports and disclosures, written or otherwise, provided to Seller's creditors and other interested parties. Seller specifically agrees that all Accounts purchased by [*] hereunder will be excluded from Seller's reported accounts receivable balances.

Appears in 1 contract

Sources: Revolving Account Transfer and Purchase Agreement (Oryx Technology Corp)

Proper Reporting. Seller agrees to properly reflect the effect of this Agreement, and all sales of Accounts related thereto, in all financial reports and disclosures, written or otherwise, provided to Seller's creditors and other interested parties. Seller specifically agrees that all Accounts purchased by [*] * hereunder will be excluded from Seller's reported accounts receivable balances.

Appears in 1 contract

Sources: Revolving Account Transfer and Purchase Agreement (Oryx Technology Corp)

Proper Reporting. Seller agrees to properly reflect the effect of this Agreement, and all sales Agreement (including the sale of Accounts related theretothe Sold Receivables to Capital), in all financial reports and disclosures, written or otherwise, provided to Seller's creditors and other interested parties. Seller specifically agrees that all Accounts purchased by [*] hereunder Sold Receivables will be excluded from Seller's reported accounts receivable balances.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Woods Equipment Co)