Factor Reserve definition
Factor Reserve means the amount which at any time may be charged to JCC under the Factoring Agreement or withheld from sums otherwise due to JCC under the Factoring Agreement, including interest, fees, commissions, ledger debt and other charges due Factor under the Factoring Agreement and the amount of any actual or anticipated disputes or claims arising with respect to any Factored Account.
Factor Reserve means the amount which at any time may be charged to a Borrower under a Factoring Agreement or withheld from amounts otherwise due to a Borrower under a Factoring Agreement, including interest, fees, commissions, ledger debt and other charges due a Factor under a Factoring Agreement and the amount of any actual or anticipated disputes or claims arising with respect to any Factored Accounts.
Factor Reserve means the amount which at any time may be charged to Applica Consumer Products under the Factoring Agreement or withheld from sums otherwise due to Applica Consumer Products under the Factoring Agreement, including, without limitation, (i) interest, (ii) fees, (iii) commissions, (iv) ledger debt, (v) deductions, (vi) charge backs, (vii) reserves taken by Factor, (viii) deductions for credit loss sharing, (vix) any customer deductions, (vx) any Factor Risk Accounts which are not paid in full because of a dispute (real or alleged), (vxi) any Account with respect to which Applica Consumer Products has breached any of the warranties or representations set forth in the Factoring Agreement, (vxii) any early payment anticipation deducted by a customer on any account, (vxiii) any Account with respect to which Factor does not have the Credit Risk which is not paid in full when due for any reason, and (vxiv) payments received by Factor on client risk accounts receivable which Factor is required at any time or for any reason to turnover or return (including, without limitation, payments made by Factor in connection with preference claims asserted in a bankruptcy or other insolvency proceeding), which amount is determined based upon statements provided by Factor or, in the absence of such current statements, as determined by the Agent in its reasonable discretion.
More Definitions of Factor Reserve
Factor Reserve means the amount which at any time may be charged to a Loan Party under a Factoring Agreement or withheld from sums otherwise due to a Loan Party under a Factoring Agreement, including, without limitation, (i) interest, (ii) fees, (iii) commissions, (iv) ledger debt, (v) deductions, (vi) charge backs, (vii) reserves taken by a Factor, (viii) deductions for credit loss sharing, (ix) any customer deductions, (x) any Factor Risk Accounts which are not paid in full because of a dispute (real or alleged), (xi) any Account with respect to which a Loan Party has breached any of the warranties or representations set forth a Factoring Agreement, (xii) any early payment anticipation deducted by a customer on any Account, (xiii) any Account with respect to which a Factor does not have the Credit Risk which is not paid in full when due for any reason, and (xiv) payments received by a Factor on client risk accounts receivable which such Factor is required at any time or for any reason to turnover or return (including, without limitation, payments made by a Factor in connection with preference claims asserted in a bankruptcy or other insolvency proceeding), which amount is determined based upon statements provided by such Factor or, in the absence of such current statements, as determined by the Agent in its reasonable discretion.
Factor Reserve means such reserve that Factor, in its sole discretion, may elect to maintain with respect to any Factor Advance.