Invoice Receivable definition

Invoice Receivable the outstanding amount at any given time against an Account Debtor, including interest, fees, and costs. “Invoice Service” the issuance and registration of invoices, receipt of payments for such invoices, Client Web, and Accounts Receivable Monitoring.. “Accounts Receivable Monitoring” the issuance of payment reminder
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Examples of Invoice Receivable in a sentence

  • The Buyer owns the Invoice Receivable until full payment has been received.

  • The obligation to repurchase the Invoice Receivable shall also exist if the Buyer, on corresponding grounds, where applicable and as the case may be, has an obligation to repurchase the Invoice Receivable from its financier.

  • The Buyer has the right to sell back the Invoice Receivable, and the Customer is obligated to immediately acquire the Invoice Receivable if (i) the Invoice Receivable was purchased or pledged in breach of this agreement, (ii) a deficiency exists in a warranty provided under Section 3 above, or (iii) the agreement is terminated early by the Buyer’s notice.

  • The Buyer also has the right to unilaterally change the invoice fee if circumstances arise which, in the Buyer’s assessment, affect the costs of the Buyer’s handling of the purchase of the Invoice Receivable.

  • The Buyer accepts the offer and acquires ownership of the Invoice Receivable in connection with the completion of the relevant settlement and the Buyer’s decision through the settlement to acquire the Invoice Receivable.

  • The agreed price for the Invoice Receivable shall thereafter be paid to the bank account for invoice purchases notified by the Customer.

  • Upon purchase or pledge under this agreement, all original invoices together with copies shall be marked with text stating that the Invoice Receivable has been assigned.

  • The Buyer has the right, upon payment of the price for an Invoice Receivable, to deduct an amount for allocation to a deposit account in the amount stated in the agreement.

  • The Customer does not have the right, without the Buyer’s approval, to change its payment terms vis-à-vis the Account Debtor or otherwise grant an extension of payment or make any concessions in a manner that deteriorates the value of the Invoice Receivable for the Buyer.

  • The Buyer may obtain credit information regarding the Customer and Account Debtors, contact the Customer’s auditor, and make direct contact with the Account Debtor to verify the Invoice Receivable, etc.