Account Due Date definition
Examples of Account Due Date in a sentence
Unless specifically designated otherwise in writing by Summit, all Accounts shall be purchased with recourse and shall become a Chargeback Account if not paid in full by the Account Due Date.
If (i) a Purchased Account is not paid in full by the Account Due Date, or (ii) if at any time Summit determines that the Purchased Account is no longer an Acceptable Account, the Purchased Account shall thereupon automatically be a Chargeback Account without any action by Summit.
If Twenty-Five Percent (25%) or more of the outstanding Accounts owing by an Account Debtor are past the Account Due Date, none of the Accounts owing by that Account Debtor shall be Acceptable Accounts.
Payments to thexchange for the Member Account Invoice shall be received by thexchange no Later than the 261*1 of the month ("Member Account Due Date").
If the applicable Trading Account Due Date falls on a U.S. banking holiday or weekend, then payment must be received no later than the business day immediately prior to such banking holiday or weekend.
If the Member Account Due Date falls on a U.S. banking holiday or weekend, then the Member Account payment must be received no later than the business day immediately prior to such banking holiday or weekend.
The Company shall notify the Shareholders in writing of the existence of any suspension event set forth in this Section 4.1, and such notice and all facts and circumstances relating to such suspension event shall be kept confidential by the Shareholders.
If a Purchased Account is not paid in full by the Account Due Date or if at any time Transfac determines that a Purchased Account is no longer an Acceptable Account, the Purchased Account shall thereupon automatically be a Chargeback Account, unless Transfac elects, in it’s sole discretion, to treat the Chargeback Account as an Authorized Overadvance.
The Account is not past the Account Due Date; provided, however, that during the Initial Funding Period Summit shall consider up to a maximum outstanding amount of Two Hundred Thousand Dollars ($200,000) of Accounts that are past the Account Due Date but are less than One Hundred Twenty (120) days from the date of the invoice evidencing such Accounts as Acceptable Accounts.
If twenty-five Percent (25%) or more of the outstanding Accounts owing by an Account Debtor are past the Account Due Date, none of the Accounts owing by that Account Debtor shall be Acceptable Accounts.