Purchased Accounts definition

Purchased Accounts. Accounts purchased hereunder which have not been Closed.

Purchased Accounts means all Accounts identified on any Schedule of Accounts delivered by Seller to Purchaser which Purchaser elects to purchase and for which Purchaser makes an Advance, and all monies due or to become due thereunder.

Purchased Accounts means the Private Label Accounts and Co-Branded Accounts existing as of the Closing Date and purchased by Bank pursuant to the Purchase Agreement.

Examples of Purchased Accounts in a sentence

• Report participation loans purchased without recourse.Total Purchased (Accounts 619A3, 619B, 690A, and 690)‌This line does not require input and will automatically populate when the Call Report is submitted with the sum of items 2a and b for each column.

• Retained Interest in Purchased Accounts Receivable – Retained interest in purchased accounts receivable represents the gross amount of invoices purchased from factoring customers less amounts maintained in a reserve account.

• Based on my own review and consultation with [MarketXT] personnel and upon confirmation by Mr. Araneo, I concluded that the letters that IIG’s counsel sent in December 2002 demanding payment of the proceeds of accounts which were not Purchased Accounts constituted demands for rights to which IIG was not entitled under the Factoring Agreement.

• Purchaser shall provide Seller with information on the Purchased Accounts and a monthly reconciliation of the factoring relationship relating to billing, collection and account maintenance such as aging, posting, error resolution and mailing of statements.

• As owner of the Purchased Accounts, we have the sole and exclusive right to (a) bring suit, or otherwise enforce collection, in your name or ours, (b) modify the terms of payment, (c) settle, compromise, or release, in whole or in part, any amounts owing, and (d) issue credits in your name or ours.

More Definitions of Purchased Accounts

Purchased Accounts shall have the meanings set forth in Section 3.01(a).

Purchased Accounts means an Account which is deemed acceptable for purchase as determined by FGI in the exercise of its reasonable sole credit or business judgment and for which FGI has made payment of the sum specified in Section 3 constituting FGI’s acceptance of an Account.

Purchased Accounts has the meaning set forth on page 1.

Purchased Accounts has the meaning set forth in the Recitals.

Purchased Accounts means those Accounts of Persons engaged in the business of providing temporary employment personnel to clients, which Accounts have been purchased by Borrowers from such Persons in the ordinary course of Borrowers' business.

Purchased Accounts shall have the meaning set forth in Paragraph l(a) hereof.

Purchased Accounts means those certain private label credit card accounts related to Company which Bank and Company’s existing private label credit card program provider, Spirit of America National Bank, have agreed upon in their Purchase Agreement as eligible accounts.