Factored Receivables definition

Factored Receivables means any Accounts originally owed or owing by a Loan Party to another Person which have been purchased by or factored with Xxxxx Fargo or any of its Affiliates pursuant to a factoring arrangement or otherwise with the Person that sold the goods or rendered the services to the Loan Party which gave rise to such Account.

Factored Receivables means any Accounts originally owed or owing by a Loan Party to another Person which have been purchased by or factored with Wells Fargo or any of its Affiliates pursuant to a factoring arrangement or otherwise with the Person that sold the goods or rendered the services to the Loan Party which gave rise to such Account.

Factored Receivables means any Accounts of a Credit Party which have been factored or sold by an account debtor of a Credit Party to M&T or any of its Affiliates pursuant to a factoring arrangement or otherwise.

Examples of Factored Receivables in a sentence

• Riverside sued in its capacity as investment advisor to Winchester and Winchester sued as trustee to the Factored Receivables Trust, the successor in interest to Highlands.

• Further, pursuant to Paragraph 14 of the Factoring Agreement, CIT asserts a right to offset the Ledger Debt against the Debtor’s Credit Balance and to recoup the Minimum Commission Fee against the Debtor’s Credit Balance.The Trustee denies that CIT holds a perfected security interest in either the Factored Receivables or the Debtor’s Credit Balance under the Contract.

• The Group continued to recognize the Factored Receivables in the balance sheet because, in the opinion of the directors, the Group has retained substantially all the risks and rewards of ownership of the Factored Receivables, either the risks in respect of default payments or the time value of money, as at the balance sheet date.

• On December 27, 2003, Factored Receivables and Retained Interest totaled $9.7 million and $0.5 million, respectively.On January 2, 2004, we sold specific accounts receivable totaling $19.4 million with an Agreed Base Value of approxi- mately $18 million, which was received in cash.

• In addition, the state court found that: (1) Winchester had standing to bring the action as the legitimate successor in interest to Factored Receivables; and (2) Riverside and Winchester had authority to “maintain” the action because Factored was not doing business in New York.

More Definitions of Factored Receivables

Factored Receivables means any Accounts of a Loan Party which have been factored or sold by an Account Debtor of a Loan Party to Wells Fargo or any of its Affiliates pursuant to a factoring arrangement or otherwise.

Factored Receivables means Receivables purchased by Factor from Borrower, which Receivables have been credit approved by Factor pursuant to the Factoring Agreement.

Factored Receivables means any Accounts of the Borrower which have been factored or sold by an account debtor of the Borrower to Wxxxx Fargo or any of its Affiliates pursuant to a factoring arrangement or otherwise.

Factored Receivables means an amount equal to the sum of: Autozone Factored Receivables plus Advance Auto Factored Receivables plus CarQuest/GPI Factored Receivables plus the aggregate invoiced amount of all other accounts receivable due to the Company or its Subsidiaries that have been purchased for cash as part of a similar factoring arrangement and that were invoiced by the Company or its Subsidiaries and purchased by the bank or other Person providing such financing prior to the Closing Date, for which the Company has received cash as of the Closing, and for which the bank has not received cash from the applicable third party in accordance with the terms of the applicable factoring arrangement as of the Closing Date.

Factored Receivables means all receivables of the Business and related rights that are uncollected and sold to the Factoring Entity pursuant to the Multiple Seller Sale Agreement prior to the Closing.

Factored Receivables means any Accounts originally owed or owing by a Loan Party to another Person which have been purchased by or factored with Xxxxx Fargo or any of its Affiliates pursuant to a factoring arrangement or otherwise with the Person that sold the goods or rendered the services to the Loan Party which gave rise to such Account. “Facility Guaranty” means the Amended and Restated Guaranty dated as of June 30, 2011 executed by the Facility Guarantors in favor of the Agents, the Issuing Bank and the other Credit Parties. “Facility Guarantors” means the Parent and each of its Subsidiaries, now existing or hereafter created, other than (i) Foreign Subsidiaries and (ii) the Borrower. “Facility Guarantors Collateral Documents” means all security agreements, mortgages, pledge agreements, deeds of trust, and other instruments, documents or agreements executed and delivered by any Facility Guarantor to secure the Obligations. “FATCA” means Sections 1471 through 1474 of the Code, as of the Fourth Fifth Amendment Effective Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), and (a) any current or future regulations or official interpretations thereof, (b) any agreements entered into pursuant to Section 1471(b)(1) of the Code, and (c) any intergovernmental agreement entered into by the United States (or any fiscal or regulatory legislation, rules, or practices adopted pursuant to any such intergovernmental agreement entered into in connection therewith). “FCPA” means the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. “Federal Funds Effective Rate” means, for any period, a fluctuating interest rate per annum equal to, for each day during such period, the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it (and, if any such rate is below zero, then the rate determined pursuant to this definition shall be deemed to be zero). “Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at xxxx://xxx.xxxxxxxxxx.xxx, or any successor so...

Factored Receivables means certain transportation related Accounts Receivable of Faneuil that are not Eligible Accounts Receivable which are sold, transferred or otherwise conveyed by Faneuil to the Factor from time to time pursuant to the Factoring Agreement."