Client Risk Account definition

Client Risk Account means those Accounts for which Factor has not given Credit Approval, for which Credit Approval has been withdrawn or revoked or with respect to which Factor is not responsible under Section 2 hereof.
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Client Risk Account means a Factored Account with respect to which the risk of the Account Debtor's nonpayment for any reason is borne by ▇▇▇▇▇▇▇▇▇▇ instead of Factor.
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Client Risk Account means those Factor Sub Accounts for which Factor Sub has not given Credit Approval, for which Credit Approval has been withdrawn or revoked or with respect to which Factor Sub is not responsible under Section 2 hereof.
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Examples of Client Risk Account in a sentence

  • If any Factor Risk Account credited to you was not paid for any reason other than Credit Risk, we shall reverse the credit and charge your account accordingly, and such Account is then deemed to be a Client Risk Account.

  • A charge back does not constitute a reassignment of an Account; provided, however, we have the right in our sole discretion to reassign to you any Client Risk Account.

  • Accounts and portions of Accounts on which you bear the risk as to credit shall be referred to herein collectively as "Client Risk Accounts", and individually as a "Client Risk Account".

  • Any Account for freight, samples, or miscellaneous sales (including the sale of Goods and/or in quantities not regularly sold by Client) shall always be a Client Risk Account, notwithstanding any written Credit Approval from Factor.

  • The assertion of a Dispute by a Customer shall have the effect of negating any Credit Approval on the affected Approved Account(s) and such Approved Account(s) shall be deemed a Client Risk Account until paid or otherwise cleared from Factor’s books.

  • Upon demand by Factor, Client shall pay to Factor the full amount of a Client Risk Account, together with all expenses incurred by Factor up to the date of such payment, including reasonable attorney’s fees in attempting to collect or enforce such payment or payment of such Account(s).

  • If any Factor Risk Account credited to you was not paid for any reason other than Credit Risk, we shall reverse the credit and charge your account accordingly and such Account shall then be deemed to be a Client Risk Account.

  • If Client fails to provide Factor with copies of such invoices (or the equivalent) or such proof of shipment or delivery when requested by Factor for any Factor Risk Account Receivable, such Factor Risk Account Receivable shall automatically become a Client Risk Account Receivable and Factor shall have no liability with respect thereto.

  • If any Factor Risk Account credited to any Company was not paid for any reason other than Credit Risk, as determined in Lender’s reasonable discretion, Lender shall reverse the credit and charge such Company’s account accordingly, and such Account is then deemed to be a Client Risk Account.

  • Employees will be given full credit for time spent in the uniformed services provided that the Employee applies for return within ninety (90) days of discharge.

Related to Client Risk Account

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Account Information Service Provider means a payment service provider pursuing business activities as referred to in point (8) of Annex I;

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.