Receivables Account means the bank account held in Your name, which You nominate on the Portal for the receipt of the Final Transfer. “Receivables Transaction” means the process by which You ultimately receive funds from a Payer in accordance with Your instructions. “Virtual Account” means the account, whether a Global Account or otherwise, in which We retain the Final Transfer for You.
Receivables Account means the bank account(s) held in Your name, which You nominate on the Portal for the receipt of the Final Transfer.
Receivables Account has the meaning given to it in the Security Documents;
Examples of Receivables Account in a sentence
The Initial Lender and the Collateral Agent shall have received fully executed copies of account control agreements in form and substance satisfactory to the Initial Lender with respect to the Eligible Receivables Account, if any.
The transfer into Your Receivables Account shall specify the name of the Payer and the Invoice Reference to enable You identify the Payment Transaction.
The decision to use a Virtual Account instead of nominating Your Receivables Account is a matter for You and We cannot advise You on the wisest course of action for Your needs.
Following a specific request from You We shall transfer the funds into Your Receivables Account.
Notwithstanding anything herein to the contrary, the Borrower may at any time elect to prepay the Loans with funds contained in the Eligible Receivables Account or the Collateral Proceeds Account.
More Definitions of Receivables Account
Receivables Account means each consumer revolving credit account or closed-end installment loan account established pursuant to a Receivables Account Agreement between the applicable Receivables Account Owner and any Receivables Obligor.
Receivables Account means the bank account held in Your name, which You nominate on the Portal for the receipt of the Final Transfer, and does not include Your Global Account where applicable.
Receivables Account means the bank account(s) held in Your name, which You may nominate on the Portal for the receipt of the Final Transfer, and does not include Your Global Account where applicable, noting a Global Account may not always be available to You depending on Your location.
Receivables Account means each consumer revolving credit account established pursuant to a Receivables Account Agreement (as defined in the Servicing Agreement as in effect on the Fourth Amendment Effective Date) between a Receivables Account Owner and any Receivables Obligor (as defined in the Servicing Agreement as in effect on the Fourth Amendment Effective Date).
Receivables Account the meaning given to it in the Debenture; REFERENCE BANKS: such banks as may be appointed by the Agent in consultation with Ideal; REFERENCE RATE: in relation to any Loan or unpaid sum denominated in sterling or any Foreign Currency (as the case may be) on which interest is to be calculated by reference to Reference Rate, the Agent's reference rate for sterling or such Foreign Currency being the rate from time to time set by the Agent based on various factors including the Agent's cost of funds, desired return and general economic conditions and which is used as a reference point for pricing loans made by it in sterling or such Foreign Currency; REFERENCE RATE REVOLVING LOAN: a revolving loan made or to be made by the Lenders in relation to which interest thereon is to be calculated by reference to the Reference Rate;
Receivables Account means any deposit account, established in the name of a Borrower with a Local Bank and subject to an Account Control Agreement, into which are deposited all payments in respect of the Blender’s Production Credits and all Accounts Receivable of such Borrower that are subject to the Lien of the Senior Secured Parties under the Security Documents.
Receivables Account means each account of the Chargor details of which are specified in Schedule 3 (if any) (to which Receivables are to be paid or credited) and all other accounts or sub-accounts opened or maintained now or in the future by the Chargor with any bank, financial institution or other person satisfactory to the Agent or (following the occurrence of an Event of Default that has not been remedied or waived in accordance with the terms of the Finance Documents) as the Agent shall specify