Factoring Agreement definition

Factoring Agreement means an agreement by and between a Borrower or a Subsidiary of a Borrower and a Factoring Company pursuant to which a Borrower or such Subsidiary shall, pursuant to customary terms for the size and type of transaction involved, sell, transfer and assign its rights, title and interests in certain accounts receivable, specifically identified therein, to a Factoring Company.
Factoring Agreement means one or more receivables purchase agreements (or similar agreements) entered into by the Company or any of its Restricted Subsidiaries with the Factor, as the same may be amended, modified, supplemented and/or replaced from time to time so long as any such replacement agreement is on terms no less favorable to the Company or any of its Restricted Subsidiaries in any material respect than those terms set forth in the Factoring Agreement as in effect on the Issue Date.
Factoring Agreement mean that certain Factoring Agreement dated October 30, 1995, by and between Buyer and Seller (the "Factoring Agreement"), pursuant to which Seller may sell, and Buyer may purchase, certain receivables owned by Seller, and all amendments, renewals and modifications thereof, and supplements thereto.

Examples of Factoring Agreement in a sentence

  • The maximum sum available to me/the Company under the Factoring Agreement at the month end.Column B.

  • Terms in italics have the meaning ascribed to them in the Factoring Agreement, unless otherwise defined herein.

  • The Factoring Agreement is such that the Company pays a discount of 2% per each 30-day period for each advance received against accounts receivable or future billings.

  • Entering into the Factoring Agreement is beneficial for the Company to activate its credit assets, accelerate the circulation of its assets, widen its finance channels, and enhance its development strength.

  • This paragraph shall survive and remain effective following the termination of the Factoring Agreement.


More Definitions of Factoring Agreement

Factoring Agreement means an agreement including a declaration of pledge entered or to be entered into between the Borrower and the Agent (on behalf of the Finance Parties and the Swap Banks) whereby the Borrower pledges to the Agent on behalf of the Finance Parties all claims arising from the Borrower’s business operation as security for the Finance Documents and Swap Agreements, in the terms and form as the Agent may require.
Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.
Factoring Agreement means an agreement by and between the Borrower or a Subsidiary and a Factoring Company pursuant to which the Borrower or such Subsidiary shall sell, transfer and assign its rights, title and interests in certain accounts receivable, specifically identified therein, to a Factoring Company, a copy of which has been provided to the Administrative Agent prior to its execution and delivery by all parties thereto and the terms of which are acceptable to the Administrative Agent in form and substance in its reasonable discretion.
Factoring Agreement means, individually and collectively, the Amended and Restated Factoring Agreement effective as of March 31, 1993 between Borrower and Factor, and the Factoring Service Agreement effective as of July 15, 1986 between Borrower and Factor, as each such agreement exists, has been or may hereafter be amended, restated, renewed, extended, supplemented, substituted or otherwise modified from time to time."
Factoring Agreement means any factoring agreement between a borrower and the Factor.