Net Face Amount means, with respect to an Account, the gross face amount of such Account less all trade discounts or other deductions to which the Account Debtor is entitled.
Net Face Amount of Receivables means the gross face invoice amount thereof, less returns, discounts (the calculation of which shall be determined by Lender where optional terms are given), anticipation or any other unilateral deductions taken by Customers, and credits and allowances to Customers of any nature.
Net Face Amount with respect to an Account, the gross face amount of such Account less all trade discounts or other deductions and claims to which the Account Debtor is entitled.
Examples of Net Face Amount in a sentence
Is equal to (a) minus (b) where:(a) Lesser of 90% of the Net Face Amount or $250,000;(b) Any outstanding lien amount against the Policy resulting from any other accelerated death benefit rider or endorsement attached to the Policy.Monthly Accelerated Death Benefit.
On demand, Borrower shall pay to Lender (a.) the Net Face Amount of all Delinquent Accounts; or (b.) the Net Face Amount of Accounts more than sixty (60) days past due.
Borrower shall pay, on demand, (a) the Net Face Amount of all Delinquent Accounts; or (b) the Net Face Amount of Accounts more than sixty (60) days past due.
Is equal to (a) minus (b) where: (a) Lesser of 90 of the Net Face Amount or $250,000; (b) Any outstanding lien amount against the Policy resulting from any other accelerated death benefit rider or endorsement attached to the Policy.
Many areas will receive less summer rainfall as precipitation shifts increasingly to winter months.12 Declining snowpack will further exacerbate this problem by reducing the natural reservoir that has historically fed western rivers throughout drier summer months.
More Definitions of Net Face Amount
Net Face Amount means the face amount of an Account less any allowances, discounts or deductions available to an Account Debtor or any other deduction that Borrower may make available, including so called 2/10 (or similar) discounts.
Net Face Amount the gross amount of a Purchased Account, based on shortest selling terms, less all credits, discounts, and allowances to which the Account Debtor is entitled.
Net Face Amount means the gross amount of Receivables, less trade and cash discounts to customers (which shall be computed on the shortest terms where optional terms are given) and credits and allowances to customers of any nature. After purchase of Receivables by you, a discount, credit or allowance may be claimed solely by the customer and the customer and the undersigned will not issue or grant any discounts, credits or allowances to a customer without your prior consent. At the time of purchase of Receivables and periodically thereafter, you may in your sole and absolute discretion make advances to us and/or arrange for the issuance of letters of credit for our benefit which advances and letters of credit, in the aggregate and at anytime outstanding, will not exceed the lesser of (i) $3,500,000 (the "Maximum Revolving Amount"), or (ii) eighty percent (80%) of the purchase price, and you will credit to our account the balance of said purchase price less any monies remitted, paid or otherwise advanced by you for our account and less returns, trade and cash discounts, credits or allowances of any nature at anytime issued, owed, granted or outstanding, upon the respective collection of such Receivables, after adding thereto five (5) banking days to cover mailing time, delays in remittances and clearance of checks, or, in the case of approved Receivables, upon their respective uncollectability because of the customer's financial inability at maturity to pay same. Notwithstanding the foregoing, it is understood that you may, at our request, from time to time advance a sum that is more or less than the sum determined by the application of the above percentage of the purchase price and may, in fact, make advances in excess of the Maximum Revolving Amount but you are under no obligation to do so; all advances in excess of the aforesaid percentage, less all applicable deductions, charges, chargebacks and reserves, and all advances in excess of the Maximum Revolving Amount, are repayable on demand. Amounts taken by customers for anticipation shall be charged to our account by you. The minimum aggregate factoring charges payable under this Agreement for each contract year hereof shall be two hundred thousand dollars ($200,000), which, to the extent of any deficiency, shall be chargeable to our account with you on a monthly basis (i.e., to the extent the monthly factoring charge is less than $16,666.66, the deficiency shall be chargeable to our account). You shall be entitled to h...
Net Face Amount means the gross face amount of the invoice, less (i) discounts (which shall be determined by Factor where optional terms are given and which shall include any Anticipation Reductions); (ii) any other deductions taken by Customers in accordance with the payment terms of the Purchased Account as submitted to Factor pursuant to Section 2 hereof; (iii) credits issued by Client; (iv) allowances granted by Client to Customers of any nature; (v) [*]; and (vi) such portion of the gross face amount of the invoice (the "Tax Component") representing a value added tax or other tax which is payable by the Customer to Client and is to be remitted by Client to the taxing authority except that the Tax Component is to be deducted by Factor in computing the purchase price of a Purchased Account only if Client is not obligated to remit the Tax Component to the taxing authority or is entitled to a credit from the taxing authority for the Tax Component by reason of the fact that Client did not collect the Purchased Account directly from the Customer but obtained payment from a third party as a result of the Customer's financial inability to pay. The gross face amount of each invoice (the "Gross Face Amount") is the amount due to Client from its Customer for purchased telecommunications network capacity utilized during the billing period covered by the invoice, net of amounts due to the Customer for telecommunications network capacity sold by the Customer through Client and utilized during the same billing period. Notwithstanding the foregoing, if Factor issues a credit line or credit approval with respect to a Customer that is not a Foreign Customer and Factor indicates that the credit line or credit approval is based on the creditworthiness of the Customer's foreign parent, then the purchase price of Approved Accounts due from such Customer shall be equal to 90% of the net face amount of such Approved Accounts, less Factor's commission,
Net Face Amount means the gross amount of any Account less all discounts (which shall be determined by Lender, in its discretion, where optional terms are given), returns, allowances, credits and/or reductions at any time applicable, taken or allowed and shall, under no circumstances whatsoever, exceed the amount actually owing by the Account Debtor;
Net Face Amount means the gross Lease Receivable less all sales, excise or similar taxes charged thereon and less all discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed.
Net Face Amount means the gross face amount of the invoice, less returns, discounts (which shall be determined by us where optional terms are given), anticipation reductions or any other unilateral deductions taken by customers, and credits, and allowances to customers of any nature. The purchase price will be payable on the "Maturity Date" (hereinafter described). At the close of each month, we will compute the average due date of all Receivables purchased by us during the month. In computing the average due date we will take into account all credits issued to customers. The Maturity Date for all such Receivables will be five (5) business days after the average due date. We may deduct, from the amount payable to you on any Maturity Date, reserves for all Obligations then chargeable to your account and Obligations which, in our sole judgment, may be chargeable to your account thereafter including, but not limited to, ineligible Receivables, Receivables which are not credit approved, disputes, deductions, allowances, credits, xxxx and hold and consignment sales, other offsets asserted or granted, ineligible Inventory and such additional amounts as we in our sole judgment deem appropriate (collectively, "Reserves").