Purchased Account definition

Purchased Account and “Purchased Accounts” shall have the meanings set forth in Section 3.01(a).

Purchased Account means an Account that has been purchased by Summit pursuant to Xxxxxxx 0, Xxxxxxxx of Accounts.

Purchased Account. An Account purchased by Purchaser which is not Closed.

Examples of Purchased Account in a sentence

• Seller shall notify Purchaser promptly of and, if requested by Purchaser, will settle all disputes concerning any Purchased Account, at Seller's sole cost and expense.

• As the probability goes to 1, the topology resembles the random network.

• Once WFBC has purchased an Account, any and all payments from whatever source as to such Purchased Account are the sole property of WFBC.

• Purchaser shall have the right to endorse Seller's name on all payments received in connection with each Purchased Account and on any other proceeds of Collateral.

• Upon request by WFBC after the occurrence and during the continuation of an Event of Termination, the Customer will promptly deliver to WFBC in pledge all instruments, documents and chattel paper constituting Collateral or otherwise evidencing any Purchased Account or the Related Rights with respect thereto, duly endorsed or assigned by the Customer.

More Definitions of Purchased Account

Purchased Account means, from and after the Transfer Date, an Eligible Account which is actually purchased by Purchaser pursuant to the terms of this Agreement.

Purchased Account shall have the meaning set forth in the Receivables Purchase Agreement, the Factoring Agreement or the Receivables Financing Agreement, as applicable.

Purchased Account an Account which has been purchased by Crestmark from Client hereunder.

Purchased Account means an Account which is not directly originated by the Originator or an Eligible Originator but that is acquired by the Originator or an Eligible Originator from an unaffiliated third-party.

Purchased Account means an Account purchased by Purchaser and not a Repurchased Account.

Purchased Account means an Account which is purchased by JPMCB Receivables Purchaser from time to time pursuant to the Receivables Purchase Agreement.

Purchased Account means, with respect to any Customer and any Billing Period, an Account that (a) has been approved by Factor pursuant to Section 4(e) pursuant to a Purchase Commitment, (b) is created during such Billing Period, (c) is evidenced by a Trading Account Invoice with respect to such Billing Period and (d) the dollar amount of which, together with all other Purchased Accounts of such Customer with respect to the Purchase Period in which such Purchased Account is purchased, does not exceed the Credit Limit of such Customer for such Purchase Period.