Related Party Receivables Sample Clauses

Related Party Receivables. At or prior to the Closing, Seller shall cause all amounts payable by Seller to AMG, or by AMG to Seller, to be paid, and all intercompany accounts between Seller and AMG to be paid, cancelled or eliminated.
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Related Party Receivables. Receivables owed to any Seller ------------------------- by any directors, officers or owners of more than ten percent of the outstanding stock of Parent or any Seller;
Related Party Receivables. The Borrower will not permit or suffer the aggregate Related Party Receivables to exceed (a) $65,000,000 at any time from and including December 31, 2001 to and including December 30, 2002, (b) $55,000,000 at any time from and including December 31, 2002 to and including December 30, 2003, or (c) $35,000,000 at any time thereafter. 1.15 The following is added to the end of Section 8.2: No amendment of any provision of this Agreement which would decrease the mandatory prepayments with respect to Term Loan C, waive or amend any condition to the making of any Term Loan C or Section 2.23.3 or reduce the percentage specified in the definition of Required Term Loan C Lenders shall be effective without the written consent of the Required Term Loan C Lenders. (a) Term Loan C Lenders may be added as parties to this Agreement automatically upon the execution and delivery to the Agent of a Term Loan C Joinder Agreement by such Term Loan C Lender and the written consent of the Agent, provided that the aggregate Term Loan C Commitments of all Term Loan C Lenders shall not exceed $50,000,000, and (b) Schedule 1.1-B will be automatically amended by the Agent from time to time to reflect the Term Loan C Commitments of the Term Loan C Lenders. 1.16 The last sentence of Section 12. 3.1 is restated as follows: "Each such assignment shall be in an amount not less than the lesser of (i) $1,000,000 or any amount in the case of assignments to other Lenders, or (ii) the remaining amount of the assigning Lender's Commitments (calculated as at the date of such assignment) or such other amount agreed to by the Administrative Agent and, with the consent of the Administrative Agent, such assignments may be of any one or more of the Commitments of any Lender." 1.17 Reference in Section 7.20 to "March 31, 2002" shall be deleted and "June 30, 2003" shall be substituted in place thereof. 1.18 Exhibits G-4 and M attached hereto are added to the Credit Agreement as Exhibits G-4 and M, respectively. 1.19 Schedule 1.1-A to the Credit Agreement is replaced with Schedule 1.1-A attached hereto.
Related Party Receivables. Amounts reflected on the Sellersfinancial statements as of the Closing Date as receivables by a Seller from any stockholder, officer, director or Affiliate of a Seller;

Related to Related Party Receivables

  • Eligible Receivables Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date is an Eligible Receivable as of such date.

  • Reassignment of Ineligible Receivables (a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (vii), (viii), (ix) or (x) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC VIII is required under Subsection 2.6(a) of the Transfer Agreement to accept reassignment of such Receivables previously sold by TRS to RFC VIII pursuant to this Agreement, TRS shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b). (b) TRS shall accept reassignment of any Receivables described in Subsection 6.01(a) from RFC VIII on the date on which such Receivables are reassigned to RFC VIII pursuant to Subsection 2.6(a) of the Transfer Agreement, and shall pay for such reassigned Receivables by paying to RFC VIII in immediately available funds an amount equal to the unpaid balance of such Receivables. Upon reassignment of such Receivables, RFC VIII shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to TRS, without recourse, representation or warranty, all the right, title and interest of RFC VIII in and to such Receivables, all Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including “proceeds” as defined in the UCC) thereof. Such reassigned Receivables shall be treated by RFC VIII as collected in full as of the date on which they were reassigned. RFC VIII shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be requested by TRS to effect the conveyance of such Receivables and other property pursuant to this Subsection.

  • Receivables (a) No amount payable to such Grantor under or in connection with any Receivable is evidenced by any Instrument or Chattel Paper which has not been delivered to the Administrative Agent. (b) None of the obligors on any Receivables is a Governmental Authority. (c) The amounts represented by such Grantor to the Lenders from time to time as owing to such Grantor in respect of the Receivables will at such times be accurate.

  • Accounts and Notes Receivable Schedule 5.11 sets forth an accurate list of the accounts and notes receivable of the Company, as of the Balance Sheet Date, including any such amounts which are not reflected in the balance sheet as of the Balance Sheet Date, and including receivables from and advances to employees and the Stockholders, which are identified as such. Except to the extent reflected on Schedule 5.11, such accounts, notes and other receivables are collectible in the amounts shown on Schedule 5.11, net of reserves reflected in the balance sheet as of the Balance Sheet Date.

  • Collection of Receivables Except as otherwise provided in this Security Agreement, such Grantor will collect and enforce, at such Grantor’s sole expense, all amounts due or hereafter due to such Grantor under the Receivables owned by it.

  • Accounts Receivables Each existing Account constitutes, and each hereafter arising Account will, when such Account arises, constitute, the legally valid and binding obligation of the Account Debtor, except where the failure to do so could not reasonably be expected, individually or in the aggregate, to materially adversely affect the value or collectability of the Accounts included in the Collateral, taken as a whole. No Account Debtor has any defense, set-off, claim or counterclaim against any Grantor that can be asserted against the Administrative Agent, whether in any proceeding to enforce the Administrative Agent’s rights in the Accounts included in the Collateral, or otherwise, except for defenses, setoffs, claims or counterclaims that could not reasonably be expected, individually or in the aggregate, to materially adversely affect the value or collectability of the Accounts included in the Collateral, taken as a whole. None of the Grantors’ accounts receivables are, nor will any hereafter arising account receivable be, evidenced by a promissory note or other Instrument (other than a check) that has not been pledged to the Administrative Agent in accordance with the terms hereof.

  • Government Receivables Take all steps necessary to protect Agent’s interest in the Collateral under the Federal Assignment of Claims Act, the Uniform Commercial Code and all other applicable state or local statutes or ordinances and deliver to Agent appropriately endorsed, any instrument or chattel paper connected with any Receivable arising out of contracts between any Borrower and the United States, any state or any department, agency or instrumentality of any of them.

  • Reassignment of Purchased Receivables Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name.

  • No Delinquent Receivables As of the Cutoff Date, no payment due under any Receivable was more than 30 days past due.

  • Originator The Person that originated the Mortgage Loan pursuant to a written agreement with the related Mortgagor.

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