This Agreement may not be modified except by written instrument signed by all of the parties hereto. This Agreement supersedes any prior understandings or written or oral agreements between the parties respecting the Receivables, or the rights and obligations of the parties hereto. All accounts submitted for recourse must meet qualifications as outlined in Addendum to Purchase Agreement, Exhibit B. 2. Buyer agrees to provide Seller hard copy verification of collection activity on each account submitted for recourse. Buyer agrees to provide verification of Bankruptcy and Deceased as outlined in Addendum to Purchase Agreement, Exhibit B. 4.
Seller agrees to replace or to refund qualifying recourse accounts.
Buyer must submit to Seller all qualifying recourse accounts within 60 days of the Closing Date. Buyer will appoint one of its employees to be the recourse liaison between Buyer and Seller for all recourse accounts. Account must have filed prior to the Closing date of this Agreement. If there are two or more debtors on the same account, all debtors must have filed. Bankruptcy must be verified by providing a copy of the filing.