Interim Receivables definition

Interim Receivables means Accounts where invoices have been generated on a weekly basis but where such weekly invoices are held by the relevant Company and not submitted to the relevant customer for payment until the end of a pre-arranged period (for example, monthly). Interim Receivables shall not be deemed Trade Receivables until the time they are submitted to the relevant customer for payment. Inventory shall mean all of each of the Companies’ present and hereafter acquired inventory (as defined in the UCC) and including, without limitation, all merchandise, inventory and goods, and all additions, substitutions and replacements thereof, wherever located, together with all goods and materials used or usable in manufacturing, processing, packaging or shipping same in all stages of production from raw materials through work-in-process to finished goods – and all proceeds thereof of whatever sort, in each case, not included in the definition of “Documents of Title”. Investment Property shall mean all now owned and hereafter acquired investment property (as defined in the UCC) and all proceeds thereof. Issuing Bank shall mean the bank issuing Letters of Credit for the Companies.
View Source
Interim Receivables means Interim Receivables Corp., a Delaware corporation.
View Source

Examples of Interim Receivables in a sentence

  • With respect to each calculation of the Receivables Interest, the Ratings Based Reserve, the Loss Reserve, the Dilution Reserve and the Yield and Fee Reserve used in such calculation shall be measured using the information reported in the most recent Monthly Receivables Report or Interim Receivables Report.

  • Fifty percent (50%) of the aggregate amount of funds collected by CBC with respect to the Interim Receivables, less any fees or expenses incurred by CBC in connection therewith, (the “Interim Receivables Collection Amount”) shall be credited against (i) interest payable under the Promissory Note, as amended, and (ii) the Payment Balance, and 50% of the Interim Receivables Collection Amount shall be paid to Borrower.

  • During the Interim Receivables Period, Buyer shall have the authority to settle any Accounts Receivable, in its sole discretion, in such amounts and on such terms as it deems to be commercially reasonable under the circumstances; provided that, for so long as he is employed by the Buyer, the approval of ▇▇▇▇▇▇ ▇▇▇▇▇ will be required for any write-off, write-down or other compromise regarding any Accounts Receivable; provided further, that if ▇▇.

  • With respect to each calculation of the Receivables Interest and the Required Reserve used in such calculation shall be measured using the information reported in the most recent Monthly Receivables Report or Interim Receivables Report.

  • The Parties agree to consult and cooperate as necessary and reasonable under the circumstances to promote the efficient collection of all Accounts Receivable during the Interim Receivables Period.

  • In the event that Borrower fail to pay any such Receivables Expense within the Expense Cure Period, CBC shall have the right, but not the obligation, to pay all amounts necessary to satisfy such Receivables Expense (the “Cure Amount”), in which case an amount equal to the product of (i) two (2) and (ii) the Cure Amount shall be deducted from the Interim Receivables Collection Amount.

  • Payments received during the Interim Receivables Period, if any, which are not otherwise designated to be applied to a particular invoice, shall be applied to the oldest applicable invoice.

  • Upon reasonable request, Buyer shall provide written detail to Seller from time to time during the Interim Receivables Period regarding its collection efforts associated with all uncollected Accounts Receivable.

  • The aggregate amount of funds collected by CBC with respect to the Interim Receivables (the “Interim Receivables Collection Amount”) shall be credited against the Payment Balance.

  • The Custodian shall return to, or otherwise handle at the direction of, the Borrower those files relating to any Receivable not so pledged on such Borrowing Date and any file unrelated to a Receivable identified in the related Interim Receivables Schedule (it being understood that the Custodian’s obligation to review the contents of any Receivable File shall be limited as set forth in the preceding sentence).