Amount Sold definition

Amount Sold is the dollar value of the Receivables sold to Purchaser and the dollar amount to be remitted to Purchaser out of your Receivables, as provided herein. The “Purchased Percentage” is the percentage of Receivables that Purchaser will receive on the periodic basis specified on the front page of the Agreement, until the Amount Sold (plus any additional fees and charges incurred under this Agreement) has been delivered to Purchaser. The “Periodic Amount” is the amount the parties have (i) estimated as the average periodic Purchased Percentage amount and (ii) agreed that, for administrative convenience, other than for credit card split deals (as evidenced by a separate writing (including email) between Merchant and Purchaser), you will remit to Purchaser on the periodic basis specified on the front page of the Agreement, subject to your right to request a reconciliation against your actual Receivables, as set forth in Section 5. The “Funded Amount” is the amount you will receive upon funding of this Agreement, and is equal to the Purchase Price, less total Fees (which fees are set forth on the front page of this Agreement and specified in Section 3(a)).
Sample 1Sample 2Sample 3
Amount Sold. Eighty One Thousand Dollars ($81,000.00). This is the amount of your Receivables purchased by Purchaser under this Agreement (“Amount Sold”). Please refer to Sections 2(a) and 2(b).
Sample 1
Amount Sold. The dollar amount of the Future Receipts being sold by Xxxxxxxx. $72,000.00 Processing Fee: $895.00 NYSCEF DOC. NO. 3
Sample 1

Examples of Amount Sold in a sentence

  • Total Offering Amount $ 262,500,000 USD or ☐ Indefinite Total Amount Sold $ 208,134,823 USDTotal Remaining to be Sold $ 54,365,177 USD or ☐ Indefinite Clarification of Response (if Necessary)The Total Offering Amount and Total Amount Sold include GP's commitment.

  • Despite due demand, Respondents refused to make all payments of the Amount Sold pursuant to the Agreement, and the business still endures.

  • Provided that Xxxxxxxx has not violated any of the representations, warranties and covenants in this Agreement, upon written notification and provision of such proof as requested by Purchaser that the Merchant has involuntarily closed its business and is no longer generating Future Receipts, Purchaser agrees that it shall have no further right to collect the Amount Sold.

  • Merchant and each Principal represent and warrant that the Amount Sold is freely assignable by Merchant and that this Agreement does not violate the terms of any other agreement to which Merchant or any Principal is subject (including but not limited to any other sale of future receipts agreement or any loans).

  • Total Offering Amount $ 500,000,000 USD or ☐ Indefinite Total Amount Sold $ 89,166,250 USDTotal Remaining to be Sold $ 410,833,750 USD or ☐ Indefinite Clarification of Response (if Necessary)Total structure has a hard cap of $500,000,000 but the split between the DE and Cayman feeders cannot be determined at this time.

  • Total Offering Amount $ USD or ☒ Indefinite Total Amount Sold $ 45,569,821 USDTotal Remaining to be Sold $ USD or ☒ Indefinite Clarification of Response (if Necessary)The offering is an ongoing offering, without a cap, and therefore is an indefinite amount.

  • Merchant authorizes Purchaser to collect from the Approved Account the Daily Amount of Future Receipts and any fees and damages that Merchant owes Purchaser pursuant to this Agreement each Business Day (defined as all weekdays, excluding federal holidays) until (i) Purchaser collects the entire Amount Sold and all other amounts that Merchant owes Purchaser pursuant to this Agreement or (ii) three years have elapsed since the date of this Agreement, whichever occurs first.


More Definitions of Amount Sold

Amount Sold. The dollar amount of the Future Receipts being sold by Xxxxxxxx. $73,075.00 Processing Fee: The administrative fee associated with processing the transaction. This is deducted from the Purchase Price paid to Merchant. $895.00 Merchant hereby sells, assigns and transfers the total “Amount Sold” to Purchaser (making Purchaser the absolute owner), in exchange for the “Purchase Price.”
Sample 1
Amount Sold. _________________________________________One Hundred Fifty Six Thousand Two Hundred Fifty Dollars___________________ ($__________). 156,250.00 This is the amount of your Receivables purchased by Purchaser under this Agreement (“Amount Sold”). Please refer to Sections 2(a) and 2(b).
Sample 1

Related to Amount Sold

  • Principal Amount of this Note at any time means (1) if this Note is a Discount Note (as hereinafter defined), the Amortized Face Amount (as hereinafter defined) at such time (as defined in Section 3(c) on the reverse hereof) and (2) in all other cases, the Principal Amount hereof. Capitalized terms not otherwise defined herein shall have their meanings set forth in the Indenture, dated as of the date of the Pricing Supplement (the “Indenture”), between Citibank, N.A., as the indenture trustee (the “Indenture Trustee”), and the Trust, or on the face hereof. This Note will mature on the Stated Maturity Date, unless its principal (or any installment of its principal) becomes due and payable prior to the Stated Maturity Date, whether, as applicable, by the declaration of acceleration of maturity, notice of redemption by the Trust or otherwise (the Stated Maturity Date or any date prior to the Stated Maturity Date on which this Note becomes due and payable, as the case may be, is referred to as the “Maturity Date”). A “Discount Note” is any Note that has an Issue Price that is less than 100% of the Principal Amount thereof by a percentage that is equal to or greater than 0.25% multiplied by the product of the principal amount of the Notes and the number of full years to the Stated Maturity Date. Unless otherwise specified above, the interest payable on each Interest Payment Date or the Maturity Date will be the amount of interest accrued from and including the Original Issue Date or from and including the last Interest Payment Date to which interest has been paid or duly provided for, as the case may be, to, but excluding, such Interest Payment Date or the Maturity Date, as the case may be. Unless otherwise specified above, the interest payable on any Interest Payment Date will be paid to the Holder on the Regular Record Date for such Interest Payment Date, which Regular Record Date shall be the fifteenth (15th) calendar day, whether or not a Business Day, immediately preceding the related Interest Payment Date; provided that, notwithstanding any provision of the Indenture to the contrary, interest payable on any Maturity Date shall be payable to the Person to whom principal shall be payable; and provided, further, that unless otherwise specified above, in the case of a Note initially issued between a Regular Record Date and the Interest Payment Date relating to such Regular Record Date, interest for the period beginning on the Original Issue Date and ending on such Interest Payment Date shall be paid on the Interest Payment Date following the next succeeding Regular Record Date to the Holder on such next succeeding Regular Record Date. Payments of principal of, and premium, if any, and interest and other amounts due and owing, if any, will be made through the Indenture Trustee to the account of DTC or its nominee and will be made in accordance with depositary arrangements with DTC. Unless otherwise specified on the face hereof, the Holder hereof will not be obligated to pay any administrative costs imposed by banks in making payments in immediately available funds by the Trust. Unless otherwise specified on the face hereof, any tax assessment or governmental charge imposed upon payments hereunder, including, without limitation, any withholding tax, will be borne by the Holder hereof. REFERENCE IS HXXXXX MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE. Unless the certificate of authentication hereon shall have been executed by the Indenture Trustee pursuant to the Indenture, this Note shall not be entitled to any benefit under such Indenture or be valid or obligatory for any purpose.

  • Original Issue Discount Security means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502.

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).