Financed Accounts definition

Financed Accounts means all Accounts identified on any Schedule of Accounts delivered by Borrower to Lender which Lender elects to finance and against such Lender makes an Advance, and all monies due or to become due thereunder.
Sample 1
Financed Accounts. Accounts for which a corresponding Advance has been made hereunder which have not been Closed.
Sample 1

Examples of Financed Accounts in a sentence

  • Site restoration shall require that the building/property be graded to allow for positive drainage/runoff of storm water from the site and shall include grading and seeding to prevent erosion from occurring on the property.

  • Without limiting the generality of the foregoing, Lender may (1) exercise all of the power of attorney rights described in Section 4 with respect to all Collateral, and (2) collect, dispose of, sell, lease, use, and realize upon all Financed Accounts and other Collateral in any commercially reasonable manner.

  • Notwithstanding the foregoing, in the event Borrower receives any payments of any Financed Accounts, Borrower shall (A) immediately notify Lender of such payment, (B) hold such payment in trust and safekeeping for Lender, and (C) immediately turn over to Lender the identical checks, monies or other forms of payment received, with any necessary endorsement or assignment.

  • Borrower will promptly notify Lender in the event that any Financed Account Debtor(s) allege(s) any material dispute or claim with respect to a Financed Account or Financed Accounts in excess of Fifty Thousand Dollars ($50,000) in the aggregate or of any other circumstances known to Borrower that may impair, in any material respect, the validity or collectibility of the Financed Accounts so as to cause a Material Adverse Effect.

  • At the request of Lender, Borrower and Lender shall jointly notify each Account Debtor by letter that Financed Accounts owed by such Account Debtor have been assigned and are payable to Lender.

  • The percentage of any debt from a single Account Debtor over the total amount outstanding from Borrower’s Financed Accounts must remain below 25%, provided, however, that solely in respect of debt where the Account Debtor is Google, Inc./Alphabet, the total amount outstanding from Borrower’s Financed Account, such limit shall be increased to 40%.

  • Chemistry information was derived by energy-dispersive X-ray analysis (EDX; Oxford X-Max 120, Oxford Instruments, Abingdon, United Kingdom).

  • If the Purchaser no longer provides the Seller with insolvency risk coverage for its accounts receivable, all accounts receivable financed hereunder after the date of such determination shall be Financed Accounts Receivable.

  • Parties thereby agree that the financing provided by the Purchaser on such Financed Accounts Receivable shall amount to 85% on the face value of the respective Financed Accounts Receivable, as adjusted by the amount of the formula set forth below.

  • Borrower shall instruct all Financed Account Debtors to make all payments on related Financed Accounts into a Blocked Finance Account.

Related to Financed Accounts

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Pledged Accounts means all of each Grantor’s right, title and interest in all of its Deposit Accounts, Commodity Accounts and Securities Accounts (in all cases, including, without limitation, all Controlled Accounts and Foreign Currency Control Accounts).

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

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

  • 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.

  • 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.

  • Financing Accounts means, collectively, the Credit Account and the Grant Account (or, where the context so requires, either of the Credit Account or the Grant Account).”

  • Pledged Account has the meaning set forth in the Deposit and Security Agreement.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

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

  • 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.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

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

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Management Accounts means the unaudited balance sheet of the Seller as at the Management Accounts Date and the unaudited statements of profit and loss of the Seller for the period commencing from 1st January 2007 and ended on the Management Accounts Date prepared in accordance with US GAAP and in a manner consistent with past practice, copies of which are annexed hereto as Exhibit B.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Eligible Unbilled Accounts means Accounts of the Obligors that does not qualify as an Eligible Account solely because (a) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or (b) the services giving rise to such Account have not been performed and billed to the Account Debtor and, in either case, so long as such Accounts have not been unbilled for more than thirty (30) days. For the avoidance of doubt, at such time as an Account is billed to the Account Debtor it shall no longer be an “Eligible Unbilled 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.

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

  • Locked Box Accounts means the unaudited, aggregated balance sheet of the Group as at the Locked Box Date, in the agreed form;