Invoice discounting Clause Samples
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Invoice discounting except for the arrangements between TCLTC and Trans-Continental Leaf Tobacco (Jersey) Limited in force as at the Relevant Date, there are no invoice discounting, factoring or similar goods or receivables sale or assignment arrangements in existence relating to the receivables of any Borrower except for those detailed in Schedule XIII;
Invoice discounting. There are no invoice discounting or similar sale or assignment arrangements in existence relating to the receivables of any Obligor.
Invoice discounting the factor provides a prepayment to the client against the purchase of account receivables and collects interest (Service charges) For the period extending from the date of prepayment to the date of collection. The administration and collection charges shall be borne by the client.