Amount Due From Factor definition
Amount Due From Factor means (a)(i) at the date in question, if a current Factor Status Statement has been delivered by Factor to Agent on such date, an amount equal to the aggregate credit balances due from Factor to JCC under the Factoring Agreement on such date as reflected on the Factor Status Statement from Factor, or (ii) if a current Factor Status Statement has not been delivered to Agent on such date, an amount equal to the aggregate credit balances due to JCC under the Factoring Agreement on such date as reflected on the Due From Factor Report delivered to Agent by Borrowers on such date or (iii) in the absence of delivery of the Due From Factor Report, an amount determined by Agent in its sole discretion, minus (b) at the date in question, the Factor Reserve.
Amount Due From Factor means at any date of determination thereof, an amount equal to the credit balance due to Applica Consumer Products under the Factoring Agreement on such date as reflected on any applicable Factor Status Report delivered to the Agent, less, without duplication, the Factor Reserve, or, in the absence of the timely delivery to the Agent of a Factor Status Report on any date, an amount determined by Agent in sole and absolute discretion.
Amount Due From Factor means at any date of determination thereof, an amount equal to the credit balance due to Applica Consumer Products under the Factoring Agreement on such date as reflected on any applicable Factor Status Report delivered to the Agent, LESS, without duplication, the Factor Reserve, or, in the absence of the timely delivery to the Agent of a Factor Status Report on any date, an amount determined by Agent in its sole and reasonable discretion.