Purchase of Accounts Receivable Sample Clauses

Purchase of Accounts Receivable. 8.3.1. TOC hereby agrees to sell and assign to Company and Company agrees to buy, all of TOC's Accounts Receivable each month during which this Agreement is in existence which are owing to TOC arising out of the delivery of medical, surgical, diagnostic or other professional medical goods or services. Accounts Receivable shall not include, and Company shall not purchase, any cash, checks or receivables created by credit cards. Company shall bear the risk of collection and any overage or underage resulting from any purchased Accounts Receivable. 8.3.2. The purchase price for each Accounts Receivable (the "Purchase Price") will be equal to the face amount of the Accounts Receivable recorded each month, less any non-allowed contractual adjustments and net of any reserve for uncollectible Accounts Receivables based on the historical experience of the practice as determined by the Policy Board. It is the intent of the parties that the Purchase Price reflect the actual net realizable value of the Accounts Receivable. 8.3.3. TOC will sell all Accounts Receivable to Company, such purchase to be deemed to be made on the fifteenth (15th) day of the month following the month in which such Accounts Receivable are created. Company shall pay for the Accounts Receivable not later than the fifteenth (15th) day of each month following the month in which the Accounts Receivable is created (the "Settlement Date"). Company shall pay to TOC for all Accounts Receivable purchased by check, wire transfer or intrabank transfer to the TOC Operating Account described in Section 5.

Purchase of Accounts Receivable. NJNG shall purchase Marketer’s accounts receivable resulting from Marketer’s sale of natural gas to NJNG’s transportation customers served under Service Classifications GSL, GSS, FT, RS and IT (hereinafter, “Transportation Customers” ) of NJNG’s Tariff. NJNG’s purchase of accounts receivable will be limited to amounts due to Marketer by Transportation Customers upon the provision of natural gas commodity service by Marketer. NJNG's purchase, if any, of a Marketer's accounts receivable shall be as set forth in Section IV. Notwithstanding anything contained herein, NJNG reserves the right to deduct from any sums due Marketer hereunder any amounts owed by Marketer to NJNG, including amounts for accounts not subject to Billing Option 1 Service, which amounts are past due but have not yet been paid, or to apply Marketer’s deposit or letter of credit to such past due amounts.

Purchase of Accounts Receivable. Factor agrees to purchase from Client at the office of Factor all Accounts Receivable first approved by Factor in writing as to credit risk and terms of sale (each such approved Account Receivable being herein called a "FACTOR RISK ACCOUNT RECEIVABLE"). All orders from customers including the amount and terms of each proposed sale or service to such customers shall be submitted in advance of purchase or rendition of service to Factor for prior written approval, which may be granted or withheld at Factor's sole discretion. Factor's approval is subject to withdrawal either orally or in writing at any time prior to shipment of merchandise or rendition of services, and shall be deemed no longer effective in any event if Client's shipment of merchandise or rendition of services is made more than thirty (30) days beyond the date specified for such delivery or rendition in the terms of sales submitted to Factor for its approval, or more than thirty (30) days from the date of Factor's approval if no delivery or rendition date has been specified. Submission of orders for Factor's prior written approval shall not be required with regard to a sale made by Client in compliance with any customer credit line which may from time to time be issued Client by Factor in its sole discretion, provided that shipments are made prior to the expiration date or withdrawal of the credit line approval. Any customer credit line issued by Factor may be amended or withdrawn by Factor in whole or in part at any time and for any reason on notice to Client in writing or by electronic transmission of such amendment or withdrawal. The amount of all Accounts Receivable of each customer as to which Factor shall have approved a customer credit line shall, in the order in which they have arisen, be treated as Factor Risk Accounts Receivable up to the limit of the customer credit line in effect from time to time. Upon the receipt of payment from or issuance of credit to a customer with respect to a Factor Risk Account Receivable, the Accounts Receivable of such customer in excess of the customer credit line shall, to the extent of such payment or credit and in the order in which they have arisen, be treated as Factor Risk Accounts Receivable, unless prior to such payment or credit Factor shall have withdrawn the credit line approval. Factor's withholding or withdrawing of a customer order approval or credit line approval shall at all times be in Factor's sole discretion, and Factor's actions with...

Purchase of Accounts Receivable. NJNG shall purchase TPS’ accounts receivable resulting from TPS’ sale of natural gas to Transportation Customers. NJNG’s purchase of accounts receivable will be limited to amounts due to TPS by Transportation Customers upon the provision of natural gas commodity service by TPS. NJNG's purchase, if any, of a TPS's accounts receivable shall be as set forth in the Billing and Payment for BCS section of this agreement. Notwithstanding anything contained herein, NJNG reserves the right to deduct from any sums due TPS hereunder any amounts owed by TPS to NJNG, including amounts for accounts not subject to Billing Option 1 Service, which amounts are past due but have not yet been paid, or to apply TPS’s deposit or letter of credit to such past due amounts.

Purchase of Accounts Receivable. 8.1 The terms and conditions applicable to the purchase of accounts receivable ("PAR") by AOC from Customer are set forth in more detail in Exhibit C, Section 2.1. Notwithstanding Section 4.4A, in the event of a conflict between Section 8 - PURCHASE OF ACCOUNTS RECEIVABLE and Exhibit C, Section 2.1, the terms and conditions of Exhibit C, Section 2.1 shall control. 8.2 In summary, the AOC will purchase from Customer its accounts receivable that arise from Message records submitted by Customer for Billing under this Agreement. The amount to be paid Customer for PAR shall be based upon revenue to be billed to End Users for Message records accepted by the AOC, plus such additions and adjustments as are further set forth in Exhibit C, Section 2.1. 8.3 Notwithstanding anything to the contrary in this Agreement or in any documentation utilized in connection herewith, with respect to charges for Customer's services provided to End Users in the State of Indiana, AOC shall at all times act hereunder as billing agent for Customer in rendering Services and shall not be deemed to purchase Customer's accounts receivable that arise from bills rendered by the AOC to End Users served by Customer. Any references in this Agreement to PAR with respect to billing for End Users in the State of Indiana shall be deemed to refer to AOC's role as billing agent rather than as a purchaser of accounts receivable. 8.4 [THE FOLLOWING OPTIONAL CLAUSE DOES NOT APPLY TO A RENEWAL OR EXTENSION OF THIS AGREEMENT OR THE REPLACEMENT BY THIS AGREEMENT OF ANY PREVIOUS BILLING AND COLLECTION SERVICES AGREEMENT BETWEEN THE PARTIES WHERE THERE IS NO GAP IN THE SERVICES PROVIDED.] In determining amounts owed to Customer for PAR, the AOC applies an Uncollectible Factor, which is a percentage amount deducted during the calculation of the Amount Due Customer to compensate for anticipated revenue losses resulting from the failure of the End User to pay amounts appearing on their bills. The Uncollectible Factor is revised quarterly to reflect to actual average level of Uncollectibles allocable to Customer. Because this Agreement is not a renewal or continuation of an existing billing and collection relationship with the AOC, the AOC has established in accordance with Exhibit C, Section 2.1.1.D.1 an initial Uncollectible Factor of Ten percent (10%). AOC may increase this initial Uncollectible Factor at anytime during the first nine (9) months of this Agreement if actual experience indicates a higher perce...

Purchase of Accounts Receivable a. For Customer Accounts listed under the Company’s SATC Rate Schedule : (1) Residential, (2) Small Commercial and Public Authority with annual consumption less than 250 Mcf per year, (3) Small Commercial and Public Authority with annual consumption between 250 and 1,000 Mcf per year, and (4) Small Volume Industrial customers with annual consumption less than 1,000 Mcf per year and subject to the other terms and conditions of this Agreement: Marketer hereby assigns, sells and conveys to Company free and clear of all liens, claims and encumbrances, and Company agrees to purchase without recourse except as described in sections B.11 and B.12 below, Marketer’s right, title and interest in all accounts receivable, being amounts due from all such Customers as shown on CBS bills issued by Company on and after the later of July 17, 2010 or the effective date of this Agreement and past due amounts due from such Customers on consolidated bills issued previously under any prior consolidated billing service agreement with Company, provided that such prior amounts are included in the consolidated ▇▇▇▇ balance as of July 17, 2010 (“Purchased Customer Accounts”). b. Title to Marketer’s Purchased Customer Accounts shall pass to Company as of the date bills are issued by Company (the “Billing Date”), and as of such Billing Date Marketer shall have no rights in or to the Purchased Customer Accounts and shall not seek to collect in any manner such amounts from Customers or pledge or attempt to encumber such amounts as security. Provided, however, that title shall pass back to Marketer to the extent that such receivables are returned to Marketer pursuant to Section B.12.a.

Purchase of Accounts Receivable. (PAR) means the settlement summarizing the Amount Due the Non-Billing Party for the purchase of accounts receivable.

Purchase of Accounts Receivable. Statement sent to TELTRUST by BSLD detailing the amount due TELTRUST for the Purchase of Accounts Receivable ("PAR"). Includes TELTRUST transmitted revenue and associated Taxes received, and recourse or settlement amounts such as unbillables, post- billing adjustments and uncollectible-realized amounts, and Settlement Allowance recoursed to TELTRUST for the given settlement period.

Purchase of Accounts Receivable. 1. The parties agree that ▇▇▇▇▇ is purchasing from Company the Receivables for $2,799,488.17 as shown on the Flow of Funds being executed and delivered by all parties at Closing.