Open Approvals definition

Open Approvals. Product Advances committed to be made by IBM Credit under this Agreement for which (1) Products have not been delivered by Authorized Supplier to Borrower or (2) Products have been delivered to Borrower but for which IBM Credit has not received the invoice associated with such Products from Authorized Supplier.
View Source
Open Approvals means CDF’s indication to a vendor that CDF will provide financing to Dealer for a particular invoice(s) issued by such vendor for the purchase of inventory by Dealer but with respect to invoice(s) which CDF has not yet financed.
View Source
Open Approvals means Approvals which CDF has not yet invoiced.
View Source

Examples of Open Approvals in a sentence

  • A Floorplan Approval shall be issued only if (and upon issuance of each Floorplan Approval, the Borrower shall be deemed to represent and warrant that (it being understood and agreed that the Floorplan Funding Agent shall not be deemed to have made any representation or warranty with respect to)), after giving effect to such issuance, the sum of the aggregate Floorplan Open Approvals plus the total Revolving Exposure shall not exceed the lesser of the total Revolving Commitments and the Borrowing Base.

  • Notwithstanding anything herein or in the Program Terms Letter to the contrary, the sum of all Outstandings and Open Approvals with respect to Sea Pro shall not at any time exceed Two Million Dollars ($2,000,000.00); provided, however, that such amount may be increased from time to time by Agent in writing in its sole and absolute discretion, without the consent of Lenders.

  • Notwithstanding anything herein or in the Program Terms Letter to the contrary, the sum of all Outstandings and Open Approvals with respect to Sea Pro shall not at any time exceed two million dollars ($2,000,000.00); provided, however, that such amount may be increased from time to time by Agent in writing in its sole and absolute discretion, without the consent of Lenders.

  • Upon the occurrence of any Termination Date, DFS and Participant will calculate Participant's Participations in the Outstandings and the Outstandings which may result from Advances, Future Advances and Open Approvals existing as of such Termination Date.

  • If any Open Approvals have not been funded after 45 days from the date hereof, TFC shall return to GECDF the portion of the aforesaid $1,483,904.42 amount attributable to such unfunded Open Approvals and TFC shall be relieved from funding such Open Approvals.

  • Floorplan Loan Exposure $ 0 In-transit Open Approvals (15% of total open approvals) $ 0 Total Floorplan Collateral Block $ 0 J.

  • Customers acknowledge that the amount of the Open Approvals shall be deemed an advance as set forth and defined in the credit agreement between Customers and GECDF.

Related to Open Approvals

  • Project Approvals means all approvals, consents, waivers, orders, agreements, authorizations, permits and licenses required under Applicable Laws or under the terms of any restriction, covenant, easement or agreement affecting all or any applicable Phase of the Project, or otherwise necessary or desirable for the ownership, acquisition, construction, development, equipping, use or operation of the Project.

  • Governmental Approvals means all authorizations, consents, approvals, licenses and exemptions of, registrations and filings with, and reports to, all Governmental Authorities.

  • Approvals means the permits, clearances, licenses and consents as are listed in Schedule 3 hereto and any other statutory approvals.

  • Required Consents has the meaning set forth in Section 5.5(a).

  • Necessary Consents means all planning permissions and all other consents, licences, permissions, certificates, authorisations and approvals whether of a public or private nature which shall be required by any Competent Authority for the Permitted Use;