Trade Receivables definition

Trade Receivables means indebtedness and other obligations owed to Holdings or any other Lincoln Party, whether constituting accounts, chattel paper, instruments or general intangibles, arising in connection with the sale of goods and services by Holdings or such Lincoln Party to commercial customers, including, without limitation, the obligation to pay any finance charges with respect thereto, and agreements relating thereto, collateral securing the foregoing, books and records relating thereto and all proceeds thereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Trade Receivables means indebtedness and other obligations owed to the Company or any other Lincoln Party, whether constituting accounts, chattel paper, instruments or general intangibles, arising in connection with the sale of goods and services by the Company or such Lincoln Party to commercial customers, including, without limitation, the obligation to pay any finance charges with respect thereto, and agreements relating thereto, collateral securing the foregoing, books and records relating thereto and all proceeds thereof.

Trade Receivables shall have the meaning set forth in the Accounting Principles.

Examples of Trade Receivables in a sentence

• ELIGIBLE RECEIVABLES AMOUNT ADVANCERATE ALLOWABLEADVANCE Trade Receivables 0 - 30 Days $ — X 85 % = $ — Trade Receivables 31 - 60 Days $ — X 50 % = $ — Trade Receivables 61 Days and Over $ — X — % = $ — Other Receivables $ — X — % = $ — Net Liquidated Value of Brokerage Accounts $ — X 90 % = $ — Net Contract Receivables for Old Crop Beans* $ — X 80 % = $ — Net Contract Receivables for New Crop Beans* $ — X 70 % = $ — Subtotal - Net Contract Receivables for Beans $ — $ — *Old crop ends September 30.

• For purposes of this Agreement, Trade Receivables sold or otherwise conveyed to a Special Purpose Company pursuant to one or more Qualifying Securitization Transactions shall be excluded from the limitations of this Section 10.3, to the extent that the aggregate amount outstanding under all financing facilities relating to such Qualifying Securitization Transactions shall not exceed $100,000,000 at any time of determination.

• Any Intra-Group Trade Payables, any Intra-Group Trade Receivables and any Transferred Accounts Payables and Transferred Accounts Receivables, in each case, between a member of the Seller’s Group (other than a Target Group Company) and a Business Seller of that Seller’s Group, shall be settled after Closing in the ordinary course of business and, in any event, within 60 days of Closing.

• The Trade Liabilities do not, and as of the Closing Date will not, exceed the Trade Receivables.

• Each Account and all Inventory included in the calculation of the Borrowing Base does and will at all times meet and comply with all of the standards for Eligible Credit Card Receivables, Eligible Trade Receivables and Eligible Inventory.

More Definitions of Trade Receivables

Trade Receivables has the meaning set forth in Section 1.1.1.

Trade Receivables has the meaning specified in Section 6.9.

Trade Receivables means the fair market value of goods and services to be received by the Company after the Closing under the Trade Agreements.

Trade Receivables means all trade receivables and related security (including all related contract rights, collections, records, lockboxes and bank accounts in the name of or transferred to the name of Finsub, goods, security deposits, guarantees and other agreements or arrangements (including all Liens) supporting or securing payment of the Program Receivables) originated and owned by Terex or any Restricted Subsidiary and sold pursuant to the Receivables Program.

Trade Receivables means amounts billed by Borrowers to their customers upon delivery of goods or services to such customers in the ordinary course of Borrowers’ business.

Trade Receivables means indebtedness and other obligations owed to Holdings or any Restricted Subsidiary, whether constituting accounts, chattel paper, instruments or general intangibles, arising in connection with the sale of goods and services by Holdings or such Restricted Subsidiary to commercial customers, including, without limitation, the obligation to pay any finance charges with respect thereto, and agreements relating thereto, collateral securing the foregoing, books and records relating thereto and all proceeds thereof.

Trade Receivables has the meaning specified in SECTION 2.1(a).