Examples of Factoring Arrangements in a sentence
Factoring Arrangements and LiensSiyata Mobile Israel (“SMI”) has a factoring agreement on its trade receivables, whereby invoices are fully assigned to a funding entity in return for 80%-85% of the total sale to be paid to SMI by the funding entity in advance.
The Factoring Arrangements allow the Debtors to address certain of their near-term liquidity needs through monetization of the Receivables.
Any other notices or other communications required or permitted to be provided in relation to Factoring Arrangements entered or to be entered into will be delivered in accordance with the Platform Terms.
Through the Factoring Arrangements, the Debtors are able to promptly receive cash on account of the sold Receivables.
Following the issuance of a Factoring Notification, the Escrow Agent will be authorised and will proceed to release the Agency Fee to Minterest, and to deduct the Agency Fee from the Purchase Price (for “Without Recourse” Factoring Arrangements) or the First Payment (for “With Recourse” Factoring Arrangements) before releasing the Purchase Price or the First Payment to the Client.