Receivable Purchase Agreement Sample Clauses
A Receivable Purchase Agreement is a contract in which one party sells its accounts receivable to another party, typically a financial institution or factoring company, in exchange for immediate cash. Under this arrangement, the buyer assumes the right to collect payments from the original debtor, often at a discounted value to account for risk and administrative costs. This clause facilitates improved cash flow for the seller and transfers the risk of non-payment to the buyer, thereby providing liquidity and reducing credit exposure for the selling party.
Receivable Purchase Agreement. Such Originator will perform and comply with each covenant and other undertaking in the Receivables Purchase Agreement that the Company undertakes to cause such Originator to perform, subject to any grace periods for such performance provided for in the Receivables Purchase Agreement.
Receivable Purchase Agreement. Such Originator will perform and comply with each covenant and other undertaking in the CBTS Receivables Financing Agreement or CBTS Receivables Purchase Agreement that the Company undertakes to cause such Originator to perform, subject to any grace periods for such performance provided for in the CBTS Receivables Financing Agreement or CBTS Receivables Purchase Agreement, as applicable.
Receivable Purchase Agreement. If such Transferor is also an Originator, such Transferor will perform and comply with each covenant and other undertaking in the Receivables Purchase Agreement that the Company undertakes to cause such Originator to perform, subject to any grace periods for such performance provided for in the Receivables Purchase Agreement.
Receivable Purchase Agreement. A receivable purchase agreement pursuant to Honduran law and consistent with the terms of this Agreement, duly executed by Sellers.