Approved Receipt definition

Approved Receipt means an original supplier’s invoice/receipt issued at the time of purchase, of low dollar Goods or Services not exceeding $10,000, and which bears both the signature of an appropriately authorized employee and appropriate account number(s) for approval purposes.
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Approved Receipt means a receipt in a form that is an approved form under section 71(3).11
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Approved Receipt means a Receipt of a Participating Supplier denominated in an Approved Currency which has been listed on a Summary Report.
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Examples of Approved Receipt in a sentence

  • Notwithstanding the foregoing, removal of any Participating Supplier shall not be effective with respect to any Summary Report received by GMAC CF prior to the removal or with respect to any Approved Receipt listed on any such Summary Report, and shall not diminish or impair the obligation of Company to remit to GMAC CF the Gross Amount of any such Approved Receipt in accordance with the terms hereof.

  • GMAC CF shall thereafter be entitled (upon at least two (2) Business Days prior written notice to Company) not to Fund, up to the amount of the Erroneous Payment, all or any portion of the Net Funded Amount of any future Approved Receipts of such Participating Supplier; however, the Net Funded Amount of each Approved Receipt not Funded by GMAC CF (as provided above) shall nevertheless be deemed, for all purposes of this Agreement, to have been Funded by GMAC CF on the earliest date permitted hereunder.