Eligible Supplier definition
Examples of Eligible Supplier in a sentence
With respect to the Eligible Receivables, the Purchase Price of which the Borrower will pay using the proceeds of such Loan, (A) the applicable Eligible Supplier shall have sold to the Borrower, and the Borrower shall have purchased from such Eligible Supplier, such Eligible Receivables pursuant to a Supplier Agreement; and (B) the Person to which such Purchase Price will be paid shall not be an Ineligible Supplier.
Nothing herein shall be construed as a guarantee or commitment on the part of either Company or GMAC CF as to the number of Suppliers which will participate in the Program, and Company and GMAC CF acknowledge that any participation by an Eligible Supplier in the Program shall be at such Eligible Supplier's sole discretion.
ABM shall pay the following Termination Charges in connection with the above-referenced termination for convenience: • Reimbursement of actual severance costs in accordance with Section 2(b) of Schedule N, provided that such costs shall be capped at $650,000 if ABM extends Comparable Offers of Employment to at least ten (10) of the Eligible Supplier Employees.
GMAC CF shall furnish to Company a copy of each Supplier Agreement promptly after such agreement has been executed and delivered by GMAC CF and the respective Eligible Supplier and shall promptly notify Company of any amendments to such agreements.
GMAC CF shall have no liability to Company for any failure by GMAC CF to contact, negotiate or reach an agreement for a Supplier Agreement with an Eligible Supplier.