Factored Account definition

Factored Account means an Account of JCC which is factored by Factor under the Factoring Agreement.
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Factored Account means an Account factored by a Factor under a Factoring Agreement.
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Factored Account means an Account of a Borrower that is sold, assigned or otherwise transferred to a Factor pursuant to a Factoring Agreement.
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Examples of Factored Account in a sentence

  • In the event that an Account that was not previously sold, transferred or assigned to the Factor is sold, transferred or assigned (including, without limitation, any assignment to the Factor for purposes of collection only) to the Factor in accordance with any Factoring Agreement, the Borrower Representative shall notify the Administrative Agent thereof on and at the time of submission to the Administrative Agent of the next Factored Account Certificate.

  • In determining whether a Factored Account is eligible for Advances hereunder (which determination shall be made in our sole and absolute discretion) we may take into account the creditworthiness of the Account Debtor, payment terms, payment history, dilution, concentration, and such other factors and circumstances as we may deem appropriate in our sole and absolute discretion.

  • The Purchase Price of each Factored Account, less (a) any reserves we may have established with respect to such Factored Account, (b) any sums advanced, remitted or otherwise paid to you or otherwise debited to your account, (c) any interest accrued on Advances we made against the Purchase Price for the Factored Accounts, and (d) other charges authorized hereunder, shall be payable to you two (2) business days after the day on which payment on the Factored Account is posted to your account.

  • In the event that the Contractor does not own, lease or hire any automobiles used in connection with performance under the Contract, the Contractor does not need to obtain Comprehensive Business Automobile Liability Insurance, but must attest to the factthat the Contractor does not own, lease or hire any automobiles used in connection with performance under the Contract.

  • In the event that, any payment and/or transfer with regard to a Reassigned Factored Account is sought to be recovered by the payor or a representative thereof (including a trustee in bankruptcy or assignee for the benefit of creditors) on the grounds of preference, fraudulent conveyance and/or otherwise (“Avoidance Action”), then CIT shall promptly so advise GBG and Joe’s in writing.

  • Each item of the Accounts Receivable Collateral and each Factored Account arises or will arise under a contract between a Borrower and the respective Account Debtor, or from the bona fide sale or delivery of goods to or performance of services for the Account Debtor.

  • Credit Risk - with respect to any Factored Account, the risk that such Account is not paid, in whole or in part, due to the Account Debtor's financial inability to pay.

  • An unredacted copy has been provided to the Committee, the Lender and the United States Trustee.an Order and if the approval with respect to such Order is in effect when an Account arises, thereafter CIT is responsible for the Customer Credit Risk on such Factored Account unless there is a breach of warranty with respect thereto (“Factor Risk Account”).

  • Mulgrew at the request of the Pam and Charlie Mohl.If you wish to have the Sanctuary Candle burn in the Church or Chapel in 2018 in memory of a loved one or for a special intention, please come to the Parish Cen- ter during operating hours to make arrangements.

  • Factored Account - an account of Borrower owing from an Account Debtor located outside the United States, other than the Factoring Agreement with Milberx xxxxx includes accounts within the United States, which is sold, assigned or otherwise transferred to a Factor pursuant to a Factoring Agreement and upon which the Factor shall have agreed to assume the risk of credit loss.


More Definitions of Factored Account

Factored Account means any Account you offer to sell to us hereunder and we approve in writing in our sole discretion, and (z) the term “Factored Account Debtor” shall mean any Account Debtor on a Factored Account.
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Factored Account means those Receivables which have been assigned by Borrower to GMACCC and which have been credit approved by GMACCC under the Factoring Agreement.
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Factored Account means an Account of Xxxxxxxxxx for which Today's Man is the Account Debtor which is factored by Factor under the Factoring Agreement.
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Factored Account means an Account of a Client specifically assigned by Client to Exchange pursuant to a Purchase and Sale Agreement, the existence of which has been relied upon by Exchange in extending financial accommodations to that Client.
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Factored Account means an account of a Borrower which is factored by a Factor under a Factoring Agreement. Factored Accounts Formula Amount: on any date of determination thereof, an amount equal to 85% (or such lesser percentage as Lender may in its Permitted Discretion determine from time to time) of the net amount of Eligible Factoring Credit Balances on such date.
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Related to Factored Account

  • Covered Account means an account holding Fund shares established by a financial intermediary for a natural person as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through PNC.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Card Account means the account maintained with the Bank in respect of the Card;

  • FIXED ACCOUNT is a separate investment account of ours into which purchase payments may be invested or Account Value may be transferred.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Qualified Account means either (a) a segregated account (including a securities account) with a Qualified Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Note Rating Agency in one of its generic rating categories which signifies investment grade.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Investment Account As defined in Section 3.12(a).

  • Excess Loss Account has the meaning set forth in Treas. Reg. Section 1.1502-19.

  • Cardholder Account is the account of a Cardholder as represented by a Card.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Collection Accounts As defined in Section 3.10(a).

  • Note Account As defined in the Indenture.

  • 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.