Maintenance Receivables definition

Maintenance Receivables means any and all maintenance, license and other agreements and arrangements now or hereafter entered into by Bentley with customers of Bentley located in the United States for which revenues were included by Intergraph in the Schedule of Transferred Maintenance from time to time (as such term is used in the Acquisition Agreement) whereby Bentley agrees to, does or may grant license(s), provide maintenance, support, upgrades or similar services, rights or property, in each case only to the extent relating to any of the software products sold to Bentley by Intergraph and designated by Intergraph as Civil, Raster or Plotting and any derivatives, upgrades, supplements, variations, redesignations or modifications of any of them made by Bentley, together with all royalties, accounts, chattel paper, instruments, general intangibles and rights to payment and performance evidenced thereby, arising therefrom or related to any or all of the foregoing and any and all cash and non-cash proceeds (including, without limitation, insurance proceeds), products of and additions to and substitutions and replacements for, the foregoing, whether now or hereafter existing, arising or acquired.
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Maintenance Receivables means all rights to payment of the Borrower and its domestic U.S. Subsidiaries (other than Dormant Subsidiaries) now owned hereafter acquired services rendered under maintenance service agreements.
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Maintenance Receivables means all of Borrower's and Canadian ----------------------- Obligor's right, title and interest with respect to rights to payment created by Borrower or Canadian Obligor, as applicable, in the ordinary course of its business, that arise out of Borrower's or Canadian Obligor's provision of maintenance services.
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Examples of Maintenance Receivables in a sentence

  • As used herein, 'Maintenance Receivables' means receivables arising from invoices presented to Borrower's customers for future services that Borrower may render, on account of future maintenance, to such customers outstanding no more than 120 days from their due date.

  • At Agent's direction following either the occurrence and continuance of an Event of Default hereunder or upon Agent's receipt of a notice from Intergraph pursuant to the Standstill Agreement, all invoices for any Maintenance Receivables shall be solely for Maintenance Receivables and no other Receivables not constituting Maintenance Receivables shall be included within such invoice.

  • As used herein, 'Maintenance Receivables Sublimit' shall be, as of the end of each of Borrower's fiscal quarters, equal to the lesser of (I) $7,000,000 or (II) Borrower's total revenues during the four fiscal quarters ended on such date, divided by $71,265,000, and then multiplying the resulting number by $4,000,000.

  • The Borrower shall provide to CoastFed the information necessary to compute the adjustment to the Maintenance Receivables Sublimit at the time Borrower submits to CoastFed its quarterly and annual financial statements under Section 3.8 of the Loan Agreement, and the adjustment to the Maintenance Receivables Sublimit shall go into effect on CoastFed's completion of its review of said financial statements (which shall be completed by CoastFed within five business days after receipt of the same).

  • As used herein, 'Maintenance Receivables' means receivables arising from invoices presented to Borrower's customers for future services that Borrower may render, on account of future maintenance, to such customers.

Related to Maintenance Receivables

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Collection site means the location of waste containers on collection day.

  • Receivables Reserves mean such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, reserves for dilution.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.