Purchased Receivables. Each Seller hereby makes the following representations and warranties with respect to each Purchased Receivable sold by it for the benefit of the Administrative Agent and each Purchaser as of the applicable Purchase Date with respect to such Purchased Receivable:
Purchased Receivables. The information in the Receivables List and otherwise provided to SunTrust in accordance with the procedures described in Section 3 is true and accurate, and, as supplemented from time to time, identifies and sets forth accurate and complete financial information with respect to each of the Receivables to be purchased as of the Purchase Date. All names, account numbers, addresses, phone numbers, key contact information and other non-financial information either in an Obligor Letter or in the Receivables List or in any written or electronic format previously approved by SunTrust that is delivered to SunTrust will be true, complete and correct in all respects as of the applicable Purchase Date as relates to each such Receivable and the applicable Obligor. The true and correct amount of the principal indebtedness, excluding any late charges or late fees, lawfully owing under each of such Receivables as of the Purchase Date is set forth in the Receivables List and in such other information and said amounts represent the balances that are lawfully owing under such Receivables, net of any credits or returns owing to Obligors or any late charges or late fees. Each Purchased Receivable has a positive balance as of the Purchase Date. No Purchased Receivables have been settled or discharged in bankruptcy or otherwise. No Purchased Receivable shall represent or include any interest charges, late fees or late charges. Title to the Purchased Receivables. Other than with respect to the SPV Receivables, there has been no prior sale, assignment or transfer of any rights or interest in any of the Receivables to be purchased as of such Purchase Date or other Purchased Assets related thereto. Each Company is the sole owner and has good, valid, complete and freely marketable title in and to the Receivables and Purchased Assets related thereto (including, but not limited to, the related obligations thereunder) which are purchased from it by SunTrust, and none of such Receivables or Purchased Assets are subject to any Lien, other than (i) the rights and interests of SunTrust pursuant to this Agreement, and (ii) those security interests, if any, identified on Schedule 3, and all such Persons claiming such interests have executed and delivered, or authorized the filing of, releases or terminations of all such interests relating to such Receivables or other Purchased Assets in form and substance satisfactory to SunTrust. The execution and delivery of this Agreement is sufficient t...
Purchased Receivables. All trade, accounts, and notes receivable arising out of the sale or lease of goods or the rendition of services by Seller, and all security therefor (hereinafter called the "Purchased Receivables").
Purchased Receivables. Purchased Receivables shall mean Receivables and all Receivables Property in respect thereof that SalesCo purchases pursuant to this Agreement.
Purchased Receivables. The information in the Receivables List and otherwise provided to SunTrust in accordance with the procedures described in Section 3 is true and accurate, and, as supplemented from time to time, identifies and sets forth accurate and complete financial information with respect to each of the Receivables to be purchased as of the Purchase Date. All names, account numbers, addresses, phone numbers, key contact information and other non-financial information either in an Obligor Letter or in the Receivables List or in any written or electronic format previously approved by SunTrust that is delivered to SunTrust will be true, complete and correct in all respects as of the applicable Purchase Date as relates to each such Receivable and the applicable Obligor. The true and correct amount of the principal indebtedness, excluding any late charges or late fees, lawfully owing under each of such Receivables as of the Purchase Date is set forth in the Receivables List and in such other information and said amounts represent the balances that are lawfully owing under such Receivables, net of any credits or returns owing to Obligors or any late charges or late fees. Each Purchased Receivable has a positive balance as of the Purchase Date. No Purchased Receivables have been settled or discharged in bankruptcy or otherwise. No Purchased Receivable shall represent or include any interest charges, late fees or late charges.
Purchased Receivables. Schedule 5.14 identifies all Purchased Receivables included in the Assets on an aged basis by account debtor. All of the Purchased Receivables are fully collectible and represent (i) a bona fide sale of goods or services made in the ordinary course of business, and (ii) amounts owed which are not subject to any claim or reduction, counterclaim, set-off, recoupment or other claim for credit, allowances or adjustments by the obligor owing such amount.
Purchased Receivables. Subject to the terms and conditions set forth below and in the Agreement, Assignor agrees to sell to TCE and TCE agrees to purchase the Receivables (the "Purchased Receivables") particulars of which (including, without limitation, names of Account Debtors, invoice particulars and Designated Due Dates) are set out as follows and/or in any attached Schedule "A". ------------------------------------------------------------------------------------------------------------------------------------ DATE OF INVOICE INVOICE DESIGNATED NO NAME OF ACCOUNT DEBTOR INVOICE NUMBER CLAIM NUMBER AMOUNT ($) DUE DATE ------------------------------------------------------------------------------------------------------------------------------------ 1 ------------------------------------------------------------------------------------------------------------------------------------ 2 ------------------------------------------------------------------------------------------------------------------------------------ 3 ------------------------------------------------------------------------------------------------------------------------------------ 4 ------------------------------------------------------------------------------------------------------------------------------------ 5 ==================================================================================================================================== Total ------------------------------------------------------------------------------------------------------------------------------------ PURCHASE PRICE: ================================================================================================= ================== Gross Value of Receivables Purchased: --------------------------------------- ------- ---------- ----------- -------------------------- ------------------ Discount: ( days @ per day) ------------------------------------------------------------------------------------------------- ------------------ Administrative Fee: ------------------------------------------------------------------------------------------------- ------------------ Holdback/Reserve: (XX%) ------------------------------------------------------------------------------------------------- ------------------ Other: ------------------------------------------------------------------------------------------------- ------------------ Other: ------------------------------------------------------------------------------------------------- --------...
Purchased Receivables. The parties hereto hereby agree that the Purchased Receivables transferred pursuant to this Agreement constitute Receivables under the Amended and Restated Purchase Agreement as provided therein, and that (a) all of the obligations of each Existing Seller, each Subservicer and the Master Servicer with respect to such Purchased Receivables and other Purchased Assets under the Existing Purchase Agreement shall continue under the Amended and Restated Purchase Agreement for the benefit of the Assignee as if such Purchased Assets had been sold pursuant to the Amended and Restated Purchase Agreement and (b) the NZ Manager shall assume all of the obligations of the Lux Manager under the Existing Purchase Agreement with respect to such Original Receivables and other Original Purchased Assets for the benefit of Assignee as if such Purchased Assets had been sold as Purchased Assets pursuant to pursuant to the Amended and Restated Purchase Agreement.
Purchased Receivables. Exhibit “1” to each Assignment contains a true and correct list of the Approved Customers, the purchase order numbers, and the invoice numbers (the invoices and all documentation relating to the Purchased Receivables collectively the “Receivables Documentation”), and the Initial Payments in respect thereof which comprise the Purchased Receivables on such Purchase Date. Buyer has received true and correct copies of the Receivables Documentation relating to each of the Purchased Receivables referred to in clause (ii) of Section 1(c). None of the Purchased Receivables are currently evidenced by chattel paper or instruments. Each of the Purchased Receivables is in full force and effect and is the valid and binding obligation of the parties thereto, enforceable in accordance with its terms, and constitutes the applicable Approved Customer’s legal, valid and binding obligation to pay to the applicable Seller the amount of the Purchased Receivables, subject, as to enforcement of such Approved Customer’s payment obligation, to bankruptcy, insolvency, reorganization, arrangement, moratorium and other laws of general applicability relating to or affecting creditors’ rights. Neither the applicable Seller nor any of the Approved Customers is in default in the performance of any of the provisions of the Receivables Documentation applicable to its transactions included within the Purchased Receivables. The applicable Seller has delivered to each Approved Customer all equipment and related materials and performed all services required to be so delivered or performed by the terms of the Receivables Documentation for its Purchased Receivables. The payments due with respect to each Purchased Receivable are not contingent upon such Seller’s fulfillment of any obligation.
Purchased Receivables. The "Purchased Receivables" shall mean the accounts receivable of the Business existing as of the Closing Date and reflected on PMC's books of account up to a maximum of Six Hundred Fifty Thousand Dollars ($650,000). The parties hereto acknowledge and agree that the accounts receivable purchased hereunder as part of the Purchased Assets shall include only the accounts receivable of the Business set forth on Schedule 1.2 which are designated as Purchased Receivables.
