Financing Receivable definition
Financing Receivable means a Receivable which evidences the obligation of an Obligor to pay the purchase price of merchandise, goods or services which are neither purchased nor deemed purchased by such Obligor but which were financed by such Obligor pursuant to a floorplan financing arrangement.
Examples of Financing Receivable in a sentence
Unless otherwise agreed in writing, the Seller shall procure that any contracts, agreements or other arrangements in force between a member of the Group and a member of the Seller’s Group (other than, for the avoidance of doubt, any Transaction Document, the Spain IP Licence or any Inter-Group Financing Payable, Inter-Group Financing Receivable, Inter-Group Trading Payable or Inter-Group Trading Receivable) are terminated on or prior to Completion.