Reassignment Term definition
Reassignment Term means the term provided under article 2.4 A of the Factoring Agreement, at the expiry of which the uncollected Receivables in relation with which no Non-Payment Risk Coverage Operations or Financing Operations have been provided, may be reassigned to the Adherent.
Reassignment Term means a term of 90 calendar days from the Due Date of each Receivable assigned under the Factoring Agreement, for which no Financing Operations have been provided.
Examples of Reassignment Term in a sentence
The Company agrees to pay for one business or two coach class tickets per anniversary year during the Reassignment Term for you and each of your immediate family members residing with you in the foreign location for return to one destination in the U.S. These tickets cannot be used or exchanged for any other purpose.