Receivables Purchase Payment definition
Receivables Purchase Payment means 70% of the dollar amount of the accounts receivable of Astoria recorded in the books and records of Astoria that are less than 90 days overdue, as at the Closing Date.
Receivables Purchase Payment means a payment for an Eligible Receivable made by Purchaser to an Eligible Supplier pursuant to a Receivables Purchase Agreement.
Examples of Receivables Purchase Payment in a sentence
The Agent shall have received the Concentration Account Agreement and the Receivables Purchase Payment Instructions, each duly executed and delivered by the respective parties thereto, and such agreements shall be in full force and effect and in form and substance satisfactory to the Agent and the Borrowers.
Notwithstanding the foregoing, Accounts Owner reserves the right to close any or all Accounts in the event that Accounts Owner has terminated this Agreement due to a Receivables Purchase Payment Default.