Factored Receivables definition

Factored Receivables means any Accounts originally owed or owing by a Loan Party to another Person which have been purchased by or factored with Xxxxx Fargo or any of its Affiliates pursuant to a factoring arrangement or otherwise with the Person that sold the goods or rendered the services to the Loan Party which gave rise to such Account.

Factored Receivables means any Accounts originally owed or owing by a Loan Party to another Person which have been purchased by or factored with Wells Fargo or any of its Affiliates pursuant to a factoring arrangement or otherwise with the Person that sold the goods or rendered the services to the Loan Party which gave rise to such Account.

Factored Receivables means any Accounts of a Credit Party which have been factored or sold by an account debtor of a Credit Party to M&T or any of its Affiliates pursuant to a factoring arrangement or otherwise.

Examples of Factored Receivables in a sentence

• Riverside sued in its capacity as investment advisor to Winchester and Winchester sued as trustee to the Factored Receivables Trust, the successor in interest to Highlands.

• Further, pursuant to Paragraph 14 of the Factoring Agreement, CIT asserts a right to offset the Ledger Debt against the Debtor’s Credit Balance and to recoup the Minimum Commission Fee against the Debtor’s Credit Balance.The Trustee denies that CIT holds a perfected security interest in either the Factored Receivables or the Debtor’s Credit Balance under the Contract.

• The Group continued to recognize the Factored Receivables in the balance sheet because, in the opinion of the directors, the Group has retained substantially all the risks and rewards of ownership of the Factored Receivables, either the risks in respect of default payments or the time value of money, as at the balance sheet date.

• On December 27, 2003, Factored Receivables and Retained Interest totaled $9.7 million and $0.5 million, respectively.On January 2, 2004, we sold specific accounts receivable totaling $19.4 million with an Agreed Base Value of approxi- mately $18 million, which was received in cash.

• In addition, the state court found that: (1) Winchester had standing to bring the action as the legitimate successor in interest to Factored Receivables; and (2) Riverside and Winchester had authority to “maintain” the action because Factored was not doing business in New York.

More Definitions of Factored Receivables

Factored Receivables means any Accounts of a Loan Party which have been factored or sold by an Account Debtor of a Loan Party to Wells Fargo or any of its Affiliates pursuant to a factoring arrangement or otherwise.

Factored Receivables means Receivables purchased by Factor from Borrower, which Receivables have been credit approved by Factor pursuant to the Factoring Agreement.

Factored Receivables means any accounts of any Borrower which have been factored, sold, transferred, conditionally sold or assigned by an Account Debtor of such Borrower to Wxxxx Fargo or an Affiliate thereof which is party to a Bank Product Agreement with such Borrower pursuant to a factoring arrangement or otherwise.

Factored Receivables means an amount equal to the sum of: Autozone Factored Receivables plus Advance Auto Factored Receivables plus CarQuest/GPI Factored Receivables plus the aggregate invoiced amount of all other accounts receivable due to the Company or its Subsidiaries that have been purchased for cash as part of a similar factoring arrangement and that were invoiced by the Company or its Subsidiaries and purchased by the bank or other Person providing such financing prior to the Closing Date, for which the Company has received cash as of the Closing, and for which the bank has not received cash from the applicable third party in accordance with the terms of the applicable factoring arrangement as of the Closing Date.

Factored Receivables means all receivables of the Business and related rights that are uncollected and sold to the Factoring Entity pursuant to the Multiple Seller Sale Agreement prior to the Closing.

Factored Receivables means any Accounts originally owed or owing by a Loan Party to another Person which have been purchased by or factored with Xxxxx Fargo or any of its Affiliates pursuant to a factoring arrangement or otherwise with the Person that sold the goods or rendered the services to the Loan Party which gave rise to such Account. “FATCA” means Sections 1471 through 1474 of the IRC, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. “FCPA” means the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided, that, (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Xxxxx Fargo on such day on such transactions as determined by the Agent. “Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at xxxx://xxx.xxxxxxxxxx.xxx (and, orif any successor sourcesuch rate is below zero, then the rate determined pursuant to this definition shall be deemed to be zero). “FILO Borrowing” means a borrowing consisting of simultaneous FILO Loans of the same Type and, in the case of LIBO RateSOFR Loans, having the same Interest Period made by each of the FILO Lenders pursuant to Section 2.01(d). “FILO Borrowing Base” means, at any time of calculation, an amount equal to: (a) two and one-half percent (2.50%) of the Net Recovery Percentage of Eligible Inventory multipl...

Factored Receivables means certain transportation related Accounts Receivable of Faneuil that are not Eligible Accounts Receivable which are sold, transferred or otherwise conveyed by Faneuil to the Factor from time to time pursuant to the Factoring Agreement.