Confirmed Receivable definition

Confirmed Receivable set forth in Appendix A to the Agreement (Certain Defined Terms) is hereby amended (a) to delete clause (ii) therefrom in its entirety and replace such clause with the following: “(ii) either (A) if offered pursuant to an EPP Specification or End of Period Specification for EPP Receivables, on or prior to the end of the calendar month in which the invoice evidencing such Receivable has been delivered to the related Obligor, all related goods ​
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Confirmed Receivable means, as of the applicable Purchase Date for any Receivable, (i) has been billed by the Seller to the related Obligor in accordance with the Seller’s customary practices and the Seller has delivered the applicable invoice to the related Obligor, (ii) for which, on or prior to the end of the calendar month in which such invoice has been delivered to the related Obligor, all related goods and/or services giving rise thereto will have been delivered or provided to the related Obligor and such Obligor will have accepted, or not objected to (and will have no further right to object to), such delivery or provision of goods or services, (iii) on or prior to the end of the calendar month in which such invoice has been delivered to the related Obligor, will be an unconditional obligation of the related Obligor, (iv) for which the obligation to pay such Receivable in full on the applicable Payment Due Date(s) is enforceable against such Obligor in accordance with the terms of the related Contract and Applicable Law, (v) which has arisen under a Confirmed Contract, and (vi) which, for the avoidance of doubt, is not subject to any (A) Dispute or (B) Dilution (other than already applied to reduce the face amount of such Receivable prior to the determination of the Purchase Price thereof hereunder).
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Confirmed Receivable means, as of the applicable Purchase Date for any Receivable, (i) has been billed by the Seller to the related Obligor in accordance with the Seller’s customary practices and the Seller has delivered the applicable invoice to the related Obligor, (ii) for which, on or prior to the end of the calendar month in which such invoice has been delivered to the related Obligor, all related goods and/or services giving rise thereto will have been delivered or provided to the related Obligor and such Obligor will have accepted, or not objected to (and will have no further right to object to), such delivery or provision of goods or services, (iii) on or prior to the end of the calendar month in which such invoice has been delivered to the related Obligor, will be an unconditional obligation of the related Obligor, (iv) for which the obligation to pay such Receivable in full on the applicable Payment Due Date(s) is enforceable against such Obligor in accordance with the terms of the related Contract and Applicable Law, (v) which has arisen under a Confirmed Contract, and (vi) which, for the avoidance of doubt, is not subject to any
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Examples of Confirmed Receivable in a sentence

  • Each Supplier may sell, negotiate, discount, assign, pledge or otherwise transfer any Confirmed Receivable to Bank or any other Investor, who will be entitled to the full benefit of the representations, warranties, covenants and agreements made herein.

  • Buyer’s obligation to pay the Face Amount of a Confirmed Receivable shall be reduced to the extent that Bank applies the amount of a Credit Memo to such Confirmed Receivable in accordance with this subsection.

  • The Bank and its successors and assigns, including any Investor, assignee, purchaser, pledgee or other transferee of any Confirmed Receivable, may rely upon and shall be entitled to all of the rights and benefits of this Agreement as if it were delivered by Buyer to them.

  • To the extent Bank purchases a Confirmed Receivable for which Bank remains unpaid on or after the Due Date therefor, Bank may assert rights of Buyer and Buyer shall cooperate with Bank in its assertion of Buyer’s rights against the relevant Supplier, the Supplier’s rights against Buyer and any other rights that Bank may have by subordination, subrogation, reimbursement, indemnity or assignment.

  • In the event of participation in Supplier Confirmed Receivable program, an additional withholding may be imposed to cover any future outstanding credits due AutoZone.

  • Notwithstanding anything to the contrary herein, in no event shall Purchaser be permitted to seek, or be entitled to, indemnification pursuant to this Section 12.1 in respect of the value of a Purchased Receivable that has been repurchased in accordance with Section 9.1 unless such Receivable was not a Confirmed Receivable.