Factor Clause Samples
A 'Factor' clause defines the involvement of a third-party financial institution, known as a factor, in a transaction, typically to purchase accounts receivable or invoices from a business. This clause outlines the terms under which the factor acquires the receivables, including payment procedures, notification requirements to debtors, and the rights and obligations of both the seller and the factor. Its core practical function is to facilitate immediate cash flow for the seller while transferring the risk of collection to the factor, thereby providing liquidity and risk management for businesses.
Factor. If Metro Council approves for TPP members an early retirement option on the Factor 85 basis without pension reduction, the Board will implement on the same basis and date(s) as the City of Toronto.
Factor. EFFICIENCY OF WORK: (Employee completes given amount of work in an
Factor. For any Distribution Date and (i) as to any Class of Mega Certificates or SMBS Certificates (other than SMBS Certificates evidencing beneficial interests in Excess Yield Amounts), the numerical equivalent (carried to eight decimal places) of a fraction, the numerator of which is the aggregate principal balance of the related Pooled Securities with respect to that Distribution Date (after giving effect to distributions thereon and any additions to the aggregate principal balance thereof) and the denominator of which is the aggregate principal balance of the Pooled Securities as of the Issue Date and (ii) as to any Class of SMBS Certificates evidencing beneficial interests in Excess Yield Amounts, a number (carried to eight decimal places) determined as specified in the related ▇▇▇▇▇▇ Mae Offering Document.
Factor. For any Distribution Date and (i) as to any Class of Certificates (other than Certificates evidencing beneficial interests in Excess Yield Amounts), the numerical equivalent (carried to eight decimal places) of a fraction, the numerator of which is the aggregate principal balance of the related Pooled Securities with respect to that Distribution Date (after giving effect to distributions thereon and any additions to the aggregate principal balance thereof) and the denominator of which is the aggregate principal balance of the Pooled Securities as of the Issue Date and (ii) as to any Class of Certificates evidencing beneficial interests in Excess Yield
Factor. For purposes of this Agreement, the Factor shall be three.
Factor. The multiple or original face outstanding at the time of purchase or sale. A trade that does not settle properly, as the seller failed to deliver security as contracted or the buyer does not have money to pay. Refers to a pass-through security with a relatively high rate of prepayment. Final Confirmation Federal Reserve Deposit balances at the Federal Reserve, most of which represent legal reserves. Transactions that involve the sale of immediately available funds for one business day are "Federal Funds" transactions. The interest rate at which federal funds are traded. It is monitored by the Fed in the process of regulating the growth of bank reserves and money supply in the execution of its monetary policy. As such, it is closely watched by market participants. A corporate instrumentality of the United States, created by an act of Congress on July 24, 1970 in order to increase the availability of mortgage credit for the financing of housing. FHLMC raises funds by issuing securities backed by pools of conventional mortgages, either Participation Certificates (PCs) or Guaranteed Mortgage Certificates (GMCs). ▇▇▇▇▇▇▇ Mac. A government-sponsored corporation owned entirely by private stockholders. It is subject to regulation by the Secretary of Housing and Urban Development. It purchases and sells residential mortgages insured by FHA or guaranteed by VA, as well as conventional home mortgages. Purchases of mortgages are financed by the sale of corporate obligations to private investors. ▇▇▇▇▇▇ Mae.
Factor. Divorce judgment, separation agreement or similar division of financial responsibilities entered or agreed to within preceding 24 months. (b)
Factor. In order to compensate for additional work due to the size of the school, schools will be assigned extra help on the following basis:
Factor. Borrower had medical or health problems resulting in increased expenses of more than 10 percent within the preceding 24 months.
Factor. Personnel