Bonded Receivables definition

Bonded Receivables means any Receivable resulting from goods or services provided to an Account Debtor under a job which is covered by a surety bond provided by Borrower or its agent, that is secured by assets of any Restricted Person.
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Bonded Receivables means any account receivable arising out of a contract under which the performance of Borrower or any Guarantor is guaranteed by a surety bond.
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Bonded Receivables means accounts receivable of Borrower and its Subsidiaries which arise from contracts in connection with which Borrower or such Subsidiary has obtained a bond or insurance policy insuring performance of such contract.
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Examples of Bonded Receivables in a sentence

  • The Administrative Agent shall transfer any Bonded Receivables Surplus Proceeds in the Bonded Receivables Account to the TP&S Payment Account upon receipt of sufficient documentation which identifies the amounts in the Bonded Receivables Account that constitute Bonded Receivables Surplus Proceeds and which is acknowledged and consented to by the applicable surety and the Borrower and is in form and substance reasonably satisfactory to the Administrative Agent.

  • The Borrower shall deliver written notice to the Administrative Agent at the close of each Business Day that includes (i) the aggregate amount of funds received and/or deposited in the TP&S Payment Account that constitute Bonded Receivables Proceeds and (ii) a breakdown of the amount of Bonded Receivables held in the TP&S Payment Account by bonded project.

  • All collected funds held in the TP&S Payment Account (after the transfer of the Bonded Receivables Proceeds therefrom) shall be applied by the Administrative Agent on a daily basis to repay the outstanding Revolving Obligations.

  • All amounts in the Bonded Receivables account shall be subject to the Administrative Agent's sole control and withdrawals by any Credit Party shall not be permitted.

  • The Administrative Agent shall transfer collected funds that constitute Bonded Receivables Proceeds in the TP&S Payment Account to a segregated and blocked account for the members of the TP&S Group (the "Bonded Receivables Account").

  • Schedule of Tasks and Allocation of Staff by Phases (optional, if necessary foradministrative purposes) SCHEDULE "B" MANNER OF PAYMENT If the Contractor is not in breach of any of its obligations under this Agreement, the Contractor will be paid in accordance with the following schedule: (All payments are contingent upon the Work being performed to the satisfaction of CMHC.

  • Bonded Receivables.............................................................................................

  • In such event, ASIC shall be entitled to the use of the Bonded Receivables from each of the Bonded Projects as provided herein as though all such contracts were rejected.

  • The Debtors shall take all further actions reasonably requested by ASIC to effect the intent of this Order, including without limitation, executing security agreements and financing statements and executing documents required for the disbursement and receipt of Bonded Receivables and required for the closeout of Bonded Projects.

  • Before and until any funds may, if applicable, be released from any of the Bonded Receivables Accounts to the DIP account, the Debtors must (a) provide ASIC with copies of all final lien/claim waivers required from the entities for the labor and material payments and (b) have provided documentation, in a form(s) reasonably acceptable to ASIC, that the Debtors’ contractual obligations for the particular Bonded Project have been discharged and accepted by the bond obligee.


More Definitions of Bonded Receivables

Bonded Receivables means as to any Borrower, all now owned or hereafter acquired accounts, Receivables and proceeds, including without limitation, all insurance proceeds and letter of credit proceeds, in each case solely to the extent such accounts, Receivables, and proceeds arise out of a Bonded Contract, including, but not limited to, Bonded Retainage, and all forms of obligations whatsoever owing to any Credit Party under instruments and documents of title constituting the foregoing or proceeds thereof; and all rights, securities, and guarantees with respect to each of the foregoing.
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Bonded Receivables means any accounts receivable arising from any work, jobs or projects for which a payment and/or performance bond has been issued or is otherwise subject to surety bonds.
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Bonded Receivables shall be inserted into Section 1.01 of the Credit Agreement in the appropriate alphabetical order:
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Bonded Receivables means any account receivable arising out of a contract under which the performance of the Borrower or a Subsidiary is guaranteed by a surety
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Bonded Receivables means any Receivable arising from a Customer pursuant to contract for which a Borrower has posted a performance bond to secure such Borrower's performance thereunder.
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Bonded Receivables means accounts receivable of Borrower and its Subsidiaries which arise from contracts in connection
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Related to Bonded Receivables

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Liquidated Receivable means any Receivable liquidated by the Servicer through the sale or other disposition of the related Financed Equipment or that the Servicer has, after using all reasonable efforts to realize upon the Financed Equipment, determined to charge off without realizing upon the Financed Equipment.

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto:

  • Subject Receivables means, for any Asset Representations Review, all Receivables outstanding and held by the Issuer that are more than 60 days delinquent as of the first day on which the Review Conditions are satisfied.

  • Review Receivables means those certain Receivables identified by the Servicer to the Asset Representations Reviewer following receipt of a Review Notice as not having been paid in full by the Obligor or purchased from the Issuer in accordance with the terms of the Basic Documents at or prior to the date of such Review Notice.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Defaulted Receivables means any Receivable (a) on which any installment is unpaid more than sixty (60) days past its original due date or (b) where the Servicer’s records show that the Obligor has suffered an Insolvency Event.

  • Diluted Receivable means a Pool Receivable the entire or partial Unpaid Balance of which is reduced or cancelled due to Dilution.

  • Scheduled Receivables Payment means, with respect to any Collection Period for any Receivable, the amount set forth in such Receivable as required to be paid by the Obligor in such Collection Period. If after the Closing Date, the Obligor’s obligation under a Receivable with respect to a Collection Period has been modified so as to differ from the amount specified in such Receivable as a result of (i) the order of a court in an insolvency proceeding involving the Obligor, (ii) pursuant to the Servicemembers Civil Relief Act or (iii) modifications or extensions of the Receivable permitted by Section 4.2(b), the Scheduled Receivables Payment with respect to such Collection Period shall refer to the Obligor’s payment obligation with respect to such Collection Period as so modified.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Receivables Pool means, at any time of determination, all of the then outstanding Receivables transferred (or purported to be transferred) to the Borrower pursuant to the Purchase and Sale Agreement prior to the Termination Date.

  • Delinquent Receivable means any Receivable that is not a Liquidated Receivable and which the related Obligor fails to make at least 90% of the related Scheduled Receivables Payment by the date on which it is due and remains unpaid for more than sixty (60) days from the original payment due date.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Permitted Receivables Documents means all documents and agreements evidencing, relating to or otherwise governing a Permitted Receivables Financing.

  • Eligible Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.

  • Receivables Reserves mean such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, reserves for dilution.

  • Principal Receivables means all Receivables other than Finance Charge Receivables. In calculating the aggregate amount of Principal Receivables on any day, the amount of Principal Receivables shall be reduced by the aggregate amount of credit balances in the Accounts on such day.

  • Eligible Receivables means and include with respect to each Borrower, each Receivable of such Borrower arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed eligible unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Receivable if:

  • Precomputed Receivable means any Receivable under which the portion of a payment allocable to earned interest (which may be referred to in the related contract as an add-on finance charge) and the portion allocable to the Amount Financed is determined according to the sum of periodic balances, the sum of monthly balances, the rule of 78's or any equivalent method.

  • Collection Point means the collection point for the Vehicle specified in the Confirmation and/or Rental Agreement;