Common use of USE OF PURCHASE PRICE Clause in Contracts

USE OF PURCHASE PRICE. Seller hereby acknowledges and understands that: (i) Purchaser’s ability to collect the Purchased Amount (or any portion thereof) shall be contingent upon Seller’s continued operation of its business and successful generation of the Future Receipts until the Purchased Amount is delivered to Purchaser in full; and (ii) in the event of decreased efficiency or total failure of Seller’s business, Purchaser’s receipt of the full or any portion of the Purchased Amount may be delayed indefinitely. Based upon the forgoing, S▇▇▇▇▇ agrees to use the Purchase Price exclusively for the benefit and advancement of Seller’s business operations and for no other purpose.

USE OF PURCHASE PRICE. Seller hereby acknowledges and understands that: (i) Purchaser’s 's ability to collect the Purchased Amount (or any portion thereof) shall be contingent upon Seller’s 's continued operation of its business and successful generation of the Future Receipts until the Purchased Amount is delivered to Purchaser in full; and (ii) in the event of decreased efficiency or total failure of Seller’s 's business, Purchaser’s 's receipt of the full or any portion of the Purchased Amount may be delayed indefinitely. Based upon the forgoing, S▇▇▇▇▇▇ agrees to use the Purchase Price exclusively for the benefit and advancement of Seller’s 's business operations and for no other purpose.