Purchased Receivables definition

Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

Purchased Receivables means now owned or hereafter existing Receivables sold, purported to be sold, transferred or contributed or purported to be transferred or contributed by WESCO or any other Originator to the Receivables Seller under the Receivables Purchase and Sale Agreement.

Purchased Receivables has the meaning specified in Section 1.1(a).

Examples of Purchased Receivables in a sentence

• Seller has not assigned or otherwise transferred, in whole or in part, the Sale Agreement or the Marketing Agreement or any of Seller’s right, title or interest in and to the Purchased Receivables to any Person.

• Upon the terms and subject to the conditions of this Agreement, at the Closing, Seller shall sell, transfer, assign and convey to Buyer, and Buyer shall purchase, acquire and accept from Seller, free and clear of all liens and encumbrances, all of Seller’s right, title and interest in and to the Purchased Receivables.

• Upon payment of the Purchase Price by Buyer, Xxxxx will have acquired, subject to the terms and conditions set forth in this Agreement, good and valid title to the Purchased Receivables, free and clear of all liens and encumbrances (other than those contemplated to be granted by Seller to Buyer in respect of the Purchased Receivables pursuant to Section 2.4).

• Seller has good and valid title to the Purchased Receivables, free and clear of all liens and encumbrances (other than those contemplated to be granted by Seller to Buyer in respect of the Purchased Receivables pursuant to Section 2.4).

• There are no existing liens for taxes on the Purchased Receivables (or any portion thereof).

More Definitions of Purchased Receivables

Purchased Receivables means the Initial Receivables and the Additional Receivables.

Purchased Receivables means for any Purchase all those Receivables arising out of the invoices and other agreements identified on the Schedule for such Purchase.

Purchased Receivables means each and every Receivable originated by the Originator now existing or hereafter prior to the Originator Termination Date.

Purchased Receivables means all Receivables which are the subject of any sale and purchase (or any purported sale and purchase) pursuant to Clause 2.2 of this Agreement and any other Receivables in respect of which the Receivables Purchase Price has been paid or will be paid by the Purchaser to the Seller.

Purchased Receivables shall have the meaning assigned to such term in any Receivables Purchase Agreement.

Purchased Receivables accounts receivable purchased by the Company or any of its Subsidiaries from third parties and not originally created by the sale of goods or services by the Company or any of its Subsidiaries.

Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance. 1.14. "Refund" shall have the meaning set forth in Section 3.5 hereof. 1.15. "Reserve" shall have the meaning set forth in Section 2.4 hereof. 1.16. "Repurchase Amount" shall have the meaning set forth in Section 4.2 hereof. 1.17. "Reconciliation Date" shall mean the last calendar day of each Reconciliation Period. 1.18. "Reconciliation Period" shall mean each calendar month of every year.