Subrogation Receipt definition
Examples of Subrogation Receipt in a sentence
At any time, the Factor shall have the right to ask the Company to sign a specific Subrogation Receipt relating to one or several Transferred Receivable.
The Company hereby and in advance expressly confers to the Factor a global and permanent Subrogation Receipt substantially in compliance with the form set out in Annex 4, fully legal and enforceable, of the Subrogation intervened to the benefit of the Factor, completed at the time of any Subrogation Payment made by the Factor for each Transferred Receivable by the entry to the credit of the Current Account.
Transfer to the French Originator of repurchased by way of subrogation Receivables and Related Security shall occur immediately upon payment of the Repurchase Amount on such Settlement Date and remittance of the relevant Subrogation Receipt.
When the contract is signed, the customer agrees to complete and sign the Permanent Subrogation Receipt.