Wholesale Accounts definition

Wholesale Accounts means any obligation arising out of the sale of goods or the performance of services in the ordinary course of business which is not an Account Receivable - Local Cooperative, Grain Marketing Account, or Retail Account.
Wholesale Accounts means those Accounts arising from the sale of Inventory in connection with the Wholesale Business. For the avoidance of doubt and without limiting any other provision hereof, the term “Wholesale Accounts” does not include any licensing fees, royalties, or other amounts received by any Credit Party in respect of such Credit Party’s Intellectual Property.
Wholesale Accounts means those Accounts created by Borrowers in the ordinary course of Borrowers' business, that arise out of Borrowers' sale of goods or rendition of services to Borrowers' wholesale customers.

Examples of Wholesale Accounts in a sentence

  • Except for the price and the absence of any obligation of Statesman to purchase such Wholesale Accounts, and to the extent the parties may otherwise agree at the time of such sale, all aspects of such sales shall be similar to the sales of Approved Wholesale Accounts.

  • The requested credit line, anticipated sales volume, financial information, credit application and any other information which Statesman in its sole discretion may request shall be obtained by the Cooperative, and each and every sale to Wholesale Accounts shall be made only in accordance with the Statesman approved Repayment Terms and the Statesman Approval, which may be withdrawn at any time before actual delivery of merchandise or rendition of services to the customer.

  • No such termination shall affect any rights of the parties accruing up to the date of final payment of all Purchased Contracts, Purchased Receivables, Purchased Wholesale Accounts, Purchased Notes and Southern States Credit Card Program outstandings previously purchased or relieve the Cooperative from ownership requirements for Statesman Class A Preferred Stock as required in Section 9.02.

  • Except as otherwise expressly provided herein, all covenants made by the Cooperative hereunder or under any other agreement or instrument shall be deemed continuing until the Purchased Contracts, Purchased Receivables, Purchased Wholesale Accounts and Purchased Notes and all other liabilities and obligations of the Cooperative to Statesman are satisfied in full.

  • Statesman agrees to add to the Wholesale Reserve Account the amount received as a recovery less associated collection costs on any purchased Wholesale Accounts which were previously charged to the Wholesale Reserve Account.

  • Statesman may in its sole and absolute discretion charge losses on Purchased Wholesale Accounts related to Credit Risk as set forth in Section 4.06 against the Wholesale Reserve Account.

  • Our solutions are designed to optimize the receipt, storage, assembly and distribution of inventory and the management of equipment and personnel within a distribution center, and to enhance communications between the distribution center and its trading partners.

  • Xxxxxxxx President 80 Xxxx Xxxxxx Xxxxxxx, Xxxxxxx 00000 Telecopy No.: 800-000-0000 GREEN MOUNTAIN BANK By: /s/ Jxxx X.

  • The Cooperative will promptly notify Statesman of and settle at the Cooperative's cost and expense, including attorneys' fees, all Disputes relating to Wholesale Accounts which Statesman has purchased.

  • If any remittances on Wholesale Accounts which have been purchased by Statesman are made directly to the Cooperative, the Cooperative shall immediately deliver them to Statesman in Richmond, Virginia, in precisely the form received, and until they are so delivered they shall be held in trust by the Cooperative for the benefit of Statesman.


More Definitions of Wholesale Accounts

Wholesale Accounts means those trade accounts receivable of Kable ------------------- Distribution and its Subsidiaries arising out of the bona fide sale of goods or performance of services with respect to the delivery and sale of such Borrower's publisher clients' magazines in the ordinary course of Kable Distribution's and its Subsidiaries' wholesaling business, which Accounts which have been invoiced by Kable Distribution or any such Subsidiary.
Wholesale Accounts means those Accounts arising from the sale of Inventory in
Wholesale Accounts means those Accounts arising from the sale of Inventory inconnection with the Wholesale Business. For the avoidance of doubt and without limiting any other provision hereof, the term “Wholesale Accounts” does not include any licensing fees, royalties, or other amounts received by any Credit Party in respect of such Credit Party’s Intellectual Property.

Related to Wholesale Accounts

  • Eligible Accounts Receivable means only such accounts receivable of the Borrower as the Bank, in its sole discretion, shall deem eligible. Without limiting the discretion of the Bank to consider any account receivable not to be an Eligible Account Receivable, and by way of example only of the types of accounts receivable that the Bank will consider not to be Eligible Accounts Receivable, notwithstanding any earlier classification of eligibility, the following accounts receivable shall not be considered Eligible Accounts Receivable: (i) any account receivable which is not paid in full within 90 days after it is created; (ii) any account receivable as to which any warranty is breached; (iii) any account receivable as to which the account debtor or other obligor disputes liability or makes any claim; (iv) any account receivable owed by any officer, director or shareholder of the Borrower or any of their relatives or any partnership, corporation, association, joint venture or other business entity wholly or partly owned or controlled directly or indirectly by the Borrower or any of them or any of their relatives; (v) any account receivable owed by any person as to whom a petition in bankruptcy or other application for relief is filed under any bankruptcy, reorganization, receivership, moratorium, insolvency or s law; (vi) any account receivable owed by any person who makes an assignment for the benefit of creditors, becomes insolvent, fails, suspends business, or goes out of business; (vii) any account receivable owed by the United States government or any agency of the United States government; (viii) any account receivable owed by any person if 10% or more in amount of the accounts receivable owed by such person to the Borrower are considered ineligible; (ix) consignment receivables; (x) bonded receivables; (xi) any account receivable constituting a retainage; (xii) any account receivable for goods which have not been shipped or work which has not been fully performed; (xiii) any account receivable owed by any person outside the United States of America, except account debtors approved in writing by the Bank (approved foreign account debtors are described on Exhibit B) ; (xiv) any account receivable owed by any person with whose creditworthiness the Bank becomes dissatisfied; and (xv) any account receivable in which the Bank does not have a perfected security interest constituting a first hen. In the event the Borrower owes any amount to any person that owes an account receivable to the Borrower, such amount owed by the Borrower shall be deducted from that portion of the account receivable which would otherwise qualify as an Eligible Account Receivable and only the difference thereof shall be considered an Eligible Account Receivable. No account receivable which does not qualify as an Eligible Account Receivable shall be considered an Eligible Account Receivable unless the Bank, upon the written request of the Borrower, states in writing that such account receivable is to be considered an Eligible Account Receivable.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Eligible Accounts means Accounts which arise in the ordinary course of Borrower’s business that meet all Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time after the Effective Date to adjust any of the criteria set forth below and to establish new criteria in its good faith business judgment. Unless Bank otherwise agrees in writing, Eligible Accounts shall not include:

  • Collection Accounts As defined in Section 3.10(a).

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Eligible Receivables means and include with respect to each Borrower, each Receivable of such Borrower arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed eligible unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Receivable if:

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Accounts means all presently existing and hereafter arising accounts, contract rights, and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Accounts Receivable Subsidiary means any Wholly Owned Subsidiary of the Company (i) which is formed solely for the purpose of, and which engages in no activities other than activities in connection with, financing accounts receivable of the Company and/or its Restricted Subsidiaries, (ii) which is designated by the Company as an Accounts Receivables Subsidiary pursuant to an Officer’s Certificate delivered to the Trustee, (iii) no portion of Indebtedness or any other obligation (contingent or otherwise) of which is at any time recourse to or obligates the Company or any Restricted Subsidiary in any way, or subjects any property or asset of the Company or any Restricted Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to (a) representations, warranties and covenants (or any indemnity with respect to such representations, warranties and covenants) entered into in the ordinary course of business in connection with the sale (including a sale in exchange for a promissory note of or Equity Interest in such Accounts Receivable Subsidiary) of accounts receivable to such Accounts Receivable Subsidiary or (b) any guarantee of any such accounts receivable financing by the Company or any Restricted Subsidiary that is permitted to be incurred pursuant to Section 4.06, (iv) with which neither the Company nor any Restricted Subsidiary of the Company has any contract, agreement, arrangement or understanding other than contracts, agreements, arrangements and understandings entered into in the ordinary course of business in connection with the sale (including a sale in exchange for a promissory note of or Equity Interest in such Accounts Receivable Subsidiary) of accounts receivable in accordance with Section 4.17 and fees payable in the ordinary course of business in connection with servicing accounts receivable and (v) with respect to which neither the Company nor any Restricted Subsidiary of the Company has any obligation (a) to subscribe for additional shares of Capital Stock or other Equity Interests therein or make any additional capital contribution or similar payment or transfer thereto other than in connection with the sale (including a sale in exchange for a promissory note of or Equity Interest in such Accounts Receivable Subsidiary) of accounts receivable to such Accounts Receivable Subsidiary in accordance with Section 4.17 or (b) to maintain or preserve the solvency, any balance sheet term, financial condition, level of income or results of operations thereof.