Vendor Receivables definition

Vendor Receivables. Any amounts owing to Company from vendors of goods ------------------ and products used in the Business resulting from discounts for prompt payment, volume discounts, promotional programs or similar vendor special pricing and term arrangements.

Vendor Receivables means accounts or accounts receivable due and owing to the Borrower or a Subsidiary arising from the disposition, return or trade-in of Rolling Stock to a dealer, vendor or other Person under the terms of trade-in agreements, TRAC Leases, Capital Lease Obligations or other arrangements with dealers, vendors or other Persons dealing with the disposition of Rolling Stock.

Vendor Receivables at a particular date, amounts not subject to offset or counter-claim, that are owing to the Borrower and its Subsidiaries from vendors whose creditworthiness is reasonably satisfactory to the Administrative Agent, that relate to marketing and promotional incentive programs and manufacturing rights agreements historically offered to the Borrower and its Subsidiaries from such vendors and are payable in cash.

Examples of Vendor Receivables in a sentence

• Sellers have provided Purchaser the opportunity to review complete and correct copies of all instruments, documents and agreements evidencing such Vendor Receivables and of all instruments, documents and agreements, if any, creating security therefor.

• Disclosure Schedule 4.08.2 hereto accurately lists, as of a date within five (5) days of the execution of this Agreement, and will list, as of a date within five (5) days of the Closing Date, all Vendor Receivables arising out of or relating to the Business, the amount owing and the aging of such Vendor Receivables.

• Company has provided Parent and Acquisition Sub the opportunity to review complete and correct copies of all instruments, documents and agreements evidencing such Accounts Receivable and Vendor Receivables and of all instruments, documents or agreements, if any, creating security therefor.

• Company represents and warrants that the bad debt reserves established for its Accounts Receivables and Vendor Receivables are sufficient to cover the risk of loss resulting from the uncollectability of such Accounts Receivables and Vendor Receivables.

• The Purchaser hereby agrees to pursue the collection of the Vendor Receivables in the same manner and at the same level of diligence as the Purchaser shall pursue the collection of its other similar accounts receivable.

More Definitions of Vendor Receivables

Vendor Receivables means and include all accounts, contract rights (including rebates, promotional discounts and incentives), instruments, documents, chattel paper and general intangibles, whether secured or unsecured, now existing and hereafter created, of the Credit Parties, whether or not specifically sold or assigned to the Agent or the Lenders, and arising from a sale or other disposition of Vendor Inventory by Borrower or from cooperative advertising services provided by the Borrower in the ordinary course of Borrower's business, which is payable to Borrower by an independent, third- party vendor to either Borrower or a supplier (e.g., AWG) of Borrower, pursuant to the terms of a Vendor Rebate Agreement.

Vendor Receivables means any amounts owing to Company or any Subsidiary of -------------------- Company from vendors of goods and products used in the business resulting from discounts for prompt payment, volume discounts, promotional programs or similar vendor special pricing and term arrangements.

Vendor Receivables is defined in Section 6.11(b).

Vendor Receivables means any Receivables due from Vendors.

Vendor Receivables means receivables from vendors of the Business that are attributable to returns, rebates and similar amounts exclusively related to the Business that are owed to Seller by vendors of the Business, as determined in accordance with GAAP.

Vendor Receivables as defined in Section 2.1(d).

Vendor Receivables. Any amounts owing to Company No. 1 or Company No. ------------------- 2 from vendors of goods and products used in Business No. 1 or Business No. 2 resulting from discounts for prompt payment, volume discounts, promotional programs or similar vendor special pricing and term arrangements.