Examples of Receivables Purchase and Sale Agreement in a sentence
On July 7, 2004, CRC renewed its Receivables Purchase and Sale Agreement with CL&P and the financial institution through July 6, 2005, and the termination date of the facility was extended to July 3, 2007.
At December 31, 2003 and 2002, the reserve requirements calculated in accordance with the Receivables Purchase and Sale Agreement were $29.3 million and $3.8 million, respectively.
At December 31, 2004 and 2003, the reserve requirements calculated in accordance with the Receivables Purchase and Sale Agreement were $18.8 million and $29.3 million, respectively.
These accounts receivable will be purchased at an arm’s length discount value as determined by E&Y and as detailed in the Receivables Purchase and Sale Agreement.
At December 31, 2005, the reserve requirements calculated in accordance with the Receivables Purchase and Sale Agreement was $21 million.