Face Amount. Face Amount means: (a) for a Billed Receivable, the unpaid balance thereof duly owed to Supplier by a Customer (excluding any portion of the unpaid balance relating to charges which are not Outstanding Accepted Receivables or which are Excluded Receivables); and (b) for a Budget Account Receivable, the contractual amount due and owing for the sale and delivery by Supplier to Customer of Competitive Retail Natural Gas Services in the ordinary course of business; in any such case determined on the Purchase Date on which such Outstanding Accepted Receivable is purchased by Company hereunder (excluding any amount due relating to charges which are not Outstanding Accepted Receivables or which are Excluded Receivables).
Appears in 2 contracts
Samples: Account Receivables Purchase Agreement, Account Receivables Purchase Agreement
Face Amount. Face Amount means: (a) for a Billed Receivable, the unpaid balance thereof duly owed to Supplier CRES Provider by a Customer (excluding any portion of the unpaid balance relating to charges which are not Outstanding Accepted Receivables or which are Excluded Receivables); and (b) for a Budget Account Receivable, the contractual amount due and owing for the sale and delivery by Supplier CRES Provider to Customer of Competitive Retail Natural Gas Electric Services in the ordinary course of business; in any such case determined on the Purchase Date on which such Outstanding Accepted Receivable is purchased by Company hereunder (excluding any amount due relating to charges which are not Outstanding Accepted Receivables or which are Excluded Receivables).
Appears in 2 contracts
Samples: Account Receivables Purchase Agreement, Account Receivables Purchase Agreement