Net Face Value definition
Net Face Value means, with respect to any Receivable, the amount payable by the applicable Approved Obligor under the applicable Invoice, net of any Taxes and any Dilutions specifically taken into account in determining the Purchase Price for such Receivable as of the applicable Purchase Date.
Net Face Value means, with respect to any Receivable, the amount payable by the applicable Approved Obligor under the applicable Invoice, net of any Taxes and any Adjustments (other than the Adjustment Reserve) specifically taken into account in determining the Purchase Price for such Receivable as of the applicable Purchase Date.
Examples of Net Face Value in a sentence
On or prior to each Reconciliation Date, the Seller shall also submit to the Purchaser via the PrimeRevenue system details of each Receivable included in the Servicing Report (to the extent not previously submitted) including the invoice number, Approved Obligor, Net Face Value, invoice date and Maturity Date; provided that the Seller shall not include in any such submission any Receivables that do not satisfy the representations and warranties set forth in Section 9.2 as of the date of such submission.