Accepted Accounts definition

Accepted Accounts is defined herein as Accounts which are accepted for purchase by Factor) and (ii) all guarantees and security for Accepted Accounts, and all merchandise or Client services represented by Accepted Accounts, including all of Client's rights to returned goods and rights of stoppage in transit, replevin and reclamation as an unpaid vendor (with respect to each Accepted Account, such guarantees, security and rights are called "Rights").
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Accepted Accounts means all Accounts, which are not as of the Closing Date accompanied by customer complaints, litigation, regulatory inquiry, unsecured deficits or partially unsecured deficits or being serviced by the Penson Financial Services, Inc. All Accounts that are not Accepted ▇▇▇▇unts are referred to herein as "Rejected Accounts" and the Account Agreements related thereto are referred to as the "Rejected Account Agreements". Buyer shall be responsible for the costs associated with the transfer of the Accepted Accounts from Seller to Buyer.
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Accepted Accounts means all Accounts which are not as of the Closing Date rejected by Buyer.
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Examples of Accepted Accounts in a sentence

  • The power of attorney and authority granted to Factor herein is irrevocable until this Agreement is terminated and all Accepted Accounts have been paid in full and Client has satisfied in full all other obligations owed to Factor.

  • If Client shall cease selling Accounts to Factor, Factor shall not pay the Reserve Account to Client until all Accepted Accounts have been collected in full or charged against the Reserve Account, and all Commissions and Factor's Fees and other sums due Factor hereunder have been paid; if the Reserve Account has a negative balance after such collections, charges and fees, then Client shall make the applicable payment to Factor.

  • If Client comes into possession of a check or other payment which consists of payments owing to both Client and Factor (i.e. the payment covers both Accepted Accounts and Accounts which were not purchased by Factor or other amounts owing to Client from Account Debtor), Client shall immediately endorse the check or other payment to Factor and turn it over to Factor who will then credit Client’s portion to Client’s Reserve Account.

  • Without Factor’s prior written consent, Client shall not (a) attempt to collect any Account, (b) attempt to collect other non- factored accounts receivable when Factor has unpaid Accepted Accounts from the same Account Debtor, or (c) violate any of the terms of Exhibit B hereof with respect to any applicable Account Debtor.

  • Once this Agreement has been terminated and (i) Factor has received payment in full for all Accepted Accounts and all other amounts owing to Factor pursuant to this Agreement, (ii) Client has met all obligations to Factor hereunder as of such time, and (iii) Client executes and delivers a written release to Factor, in a form provided by and acceptable to Factor, releasing Factor from all liabilities hereunder, then Factor shall promptly terminate Factor's lien on the Collateral.

  • If Client comes into possession of a check or other payment which consists of payments owing to both Client and Factor (i.e. the payment covers both Accepted Accounts and Accounts which were not purchased by Factor or other amounts owing to Client from Account Debtor), Client shall immediately endorse the check or other payment to Factor and turn it over to Factor who will then credit Client's portion to Client's Reserve Account.

  • If Client shall cease selling Accounts to Factor, Factor shall not pay the Reserve Account to Client until all Accepted Accounts have been collected in full or charged against the Reserve Account, and all Commissions and Factor’s Fees and other sums due Factor hereunder have been paid; if the Reserve Account has a negative balance after such collections, charges and fees, then Client shall make the applicable payment to Factor.

  • Seller shall, to the extent that failure to do so could adversely affect the Accepted Accounts following the Closing Date, (a) continue to file in a timely manner all returns and reports relating to Taxes, and such returns and reports shall be true, correct and complete and shall be subject to the review and consent of Buyer, and (b) be responsible for and pay when due any and all Taxes.

  • Seller shall not be permitted to use books and records relating to the Accepted Accounts or Accepted Representative Agreements for any other reason.

  • Schedule 4.18 lists all insurance policies and fidelity bonds covering the Accepted Accounts and the Accepted Seller Representatives.