Returned Account definition

Returned Account means an account receivable purchased under a Permitted Receivables Purchase Facility which is for any reason returned by the purchaser thereof for repurchase, refund or replacement by the seller thereof in accordance with the terms of the Permitted Receivables Purchase Facility.
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Examples of Returned Account in a sentence

  • AltaVista must provide DoubleClick with at least thirty days written notice prior to December 31, 2000 of its desire to make an existing AltaVista Account a Returned Account.

  • In addition, from the date that a Returned Account ceases to be an AltaVista Account, all Advertising sold by AltaVista to such Advertiser which has yet to be delivered shall be deemed to have been sold by DoubleClick and AltaVista shall pay to DoubleClick the commissions and fees required by Article IV below in respect of such Advertising (or DoubleClick may deduct such amount from payments otherwise due to AltaVista hereunder).

  • Except for Accounts which become Returned Accounts pursuant to this Article II, Section Four, no other Account shall be returned to the Company prior to its payment in full or its classification as a Returned Account during the term of this Agreement without the mutual consent of the Company and WOFC.

  • The parties acknowledge and agree that Buyer shall receive compensation from the Escrow Fund within twenty (20) days of return by Buyer of the Returned Account Receivable for each Returned Account Receivable equal to the value of such Returned Accounts Receivable as set forth on the Closing Schedule.

  • In the event T2 Systems elects to retain any Referred or Returned Account pursuant to the section below, the provisions of this Addendum applicable to such continuing collection efforts shall survive any termination or expiration of this Addendum until all rights and obligations hereunder are fully performed and/or satisfied with respect to such accounts.

  • Beginning ninety (90) days --------------------------------------- after the Closing Date and ending upon the expiration of the Second Escrow Period (as defined below), Buyer shall have the right to return uncollected Accounts Receivable (each a "Returned Account Receivable") to Seller.

  • Seller --------------------------- agrees to accept each Returned Account Receivable to the extent not collected by Buyer.

  • Within thirty (30) days of the expiration of the one (1) year period set forth in Section 3 for Returned Accounts, T2 Systems agrees to return each such Returned Account to Customer.