Account Debtor Dispute definition

Account Debtor Dispute means a claim by Account Debtor against Customer, of any kind whatsoever, that reduces or may reduce the amount collectible from Account Debtor by WFBCI which arises at anytime, both before or after signing of this Agreement or the purchase of an Account.
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Account Debtor Dispute means a claim by Account Debtor against Customer, of any kind whatsoever, that reduces or may reduce the amount collectible from Account Debtor by WFBC which arises at anytime, whether before or after signing of this Agreement or the purchase of any Account.
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Account Debtor Dispute means any delay or failure of an Account Debtor to timely pay an Account or any portion of an Account for any reason which is not solely a Credit Problem, including, without limitation, any dispute with or claim against Client (whether or not relating to the goods sold or services performed giving rise to the Account), whether or not valid, setoff, deduction, or any other alleged defense or counterclaim. An Account subject to both a Credit Problem and an Account Debtor Dispute shall be treated as subject only to an Account Debtor Dispute. An Account subject to both an Insolvency Event and an Account Debtor Dispute shall be treated as subject only to an Account Debtor Dispute.
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Examples of Account Debtor Dispute in a sentence

  • WFBC may settle any Account Debtor Dispute with any Account Debtor.

  • If Customer does not fully and promptly settle any Account Debtor Dispute, the Customer shall repurchase each Account that is subject to such Account Debtor Dispute from WFBC for its Repurchase Price.

  • Regardless of whether there is an Account Debtor Dispute, in the event that an Account is outstanding 75 days from the invoice date, Customer shall immediately repurchase such Account.

  • Any Account which is unpaid for 60 days or more after the due date or 90 days after the invoice date, whichever occurs earlier, shall be deemed to be unpaid due to an Account Debtor Dispute unless prior to such time the information required by Section 6.01 is provided to, and accepted by, WFBC.

  • When a borrower’s headquarters is located in a city with higher centrality in the global network of air links, its syndicated loans arranged by lead lenders in those flight-connected cities have smaller but more diversified lending syndicates.One major consequence of the information asymmetry between borrowers and lender syndicates is the moral hazard problem: Lenders can not efficiently monitor borrowers’ behaviors.

  • If documents submitted by Customer to WFBCI for the purchase of any Account are mistaken, fraudulent, incorrect or erroneous, or if the Customer fails to submit any document required by WFBCI under this Agreement for the purchase of any Account, then such Account shall be deemed to be an Account Debtor Dispute and the Customer shall repurchase such Account and pay the Repurchase Price as stated herein.

  • If documents submitted by Customer to WFBC for the purchase of any Account are fraudulent, or if any such documents are materially mistaken, incorrect or erroneous, or if the Customer fails to submit any document required by WFBC under this Agreement for the purchase of any Account, then such Account shall be deemed to be subject to an Account Debtor Dispute and the Customer shall repurchase such Account and pay the Repurchase Price as stated herein.

  • Customer will repurchase any Account subject to an Account Debtor Dispute of any kind whatsoever or as required herein.

  • WFBC may settle any Account Debtor Dispute relating to an Account purchased by WFBC with the Account Debtor if Customer has not repurchased the Account subject to the Account Debtor Dispute.

  • ARTICLE VI Operational Provisions 6.01 Repurchase: Upon the occurrence of an Account Debtor Dispute, Customer shall repurchase the Account subject to the Account Debtor Dispute immediately.


More Definitions of Account Debtor Dispute

Account Debtor Dispute means any claim by an Account Debtor against Client, of any kind whatsoever, that reduces or potentially reduces in any way the amount collectible from an Account Debtor by NHC.
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Account Debtor Dispute shall refer to any delay or failure of an account debtor to timely pay an account or any portion of an account for any reason which is not solely a credit problem, including, without limitation, any dispute or claim against Client (whether or not relating to the goods or services sold giving rise to the account), whether or not valid, setoff, deduction, or any other alleged defense or counterclaim. An account subject to both a credit problem and an account debtor dispute shall be treated as subject only to an account debtor dispute.
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Account Debtor Dispute means a claim by Account Debtor against Client of any kind whatsoever that reduces the amount collectible from Account Debtor by SLF. An Account Debtor Dispute may arise from any kind of disagreement between Account Debtor and Client whatsoever, whether valid or invalid, and may arise at any time, both before or after the signing of this Agreement or the purchase of the Account by SLF;
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Account Debtor Dispute means a claim by Account Debtor against Customer, of any kind whatsoever, that reduces or may reduce the amount collectible from Account Debtor by WFBC which arises at anytime, whether before or after signing of this Agreement or the purchase of any Account. 2.05 "Collateral" means the intangible or tangible property given as security to WFBC by Customer for any obligations and liabilities of Customer to WFBC under this Agreement. 2.06 "Collected Reserve Account" means the account established by WFBC for Customer to which from time to time credits will be made, debits taken and disbursements made in accordance with this Agreement. Provided there is no Event of Default hereunder, or any event which with the passage of time or notice would be an Event of Default, any available balance held in the Collected Reserve Account shall be released to the Customer on a weekly basis. Any fee, charge or other obligation of the Customer under this Agreement may be charged against this account in WFBC's sole discretion. 2.07 "Customer" means the seller and assignor of the Accounts. 2.08 "Event of Default" shall mean the existence of a default pursuant to Article VII hereunder, or a default under any documents given to WFBC in connection with this Agreement. 2.09 "Initial Payment" shall mean with respect to a given Account an amount equal to the gross face amount of such Account less stated trade discounts offered by the Customer to the Account Debtor less ten (10%) percent. This percentage may be adjusted by WFBC at any time at WFBC's sole discretion. 2.10 "Minimum Fee" shall mean the minimum fee paid per month by the Customer as stated in Section 6.06 below. 2.11 "Net Purchase Price" for any Account means an amount equal to the gross face amount of such Account less WFBC's Discount and other charges with respect to such Account and less any amount of any trade discounts, credits or allowances, or any other reductions or adjustments to such Account taken by the Account Debtor. 2.12 "Origination Fee" shall mean the fee payable on closing of this Agreement, and on each renewal of this Agreement, as set forth in Section 6.06 below. 2.13 "Part Payment" for any Account means any payment made by WFBC to the Customer with respect to such Account which is less than the full Net Purchase Price as more fully described in Article III below. 2.14 "Repurchase Price" for any Account means the Net Purchase Price less any amounts collected from the Account Debtor on the Account plus all...
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Related to Account Debtor Dispute

  • Account Debtors mean all Persons who are obligated on the Receivables.

  • Account Debtor means any Person obligated on an Account.

  • industrial dispute means any dispute or difference between employers and employers, or between employers and workmen, or between workmen and workmen, which is connected with the employment or non-employment or the terms of employment or with the conditions of labour, of any person;

  • Labor dispute as used here, means a strike, lockout, or other labor dispute between the Employer and its Employees, during which time the Employee is not paid by the Employer.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Investment Grade Account Debtor means an Account Debtor that, at the time of determination, has a corporate credit rating and/or family rating, as applicable, of BBB- or higher by S&P or Baa3 or higher by Moody’s.

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

  • Disputed Claim means any Claim that is not Allowed.

  • Dispute means any dispute, controversy, claim or difference of whatever nature arising out of, relating to, or having any connection with this Agreement, including a dispute regarding the existence, formation, validity, interpretation, performance or termination of this Agreement or the consequences of its nullity and also including any dispute relating to any non-contractual rights or obligations arising out of, relating to, or having any connection with this Agreement.

  • Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.

  • Arbitrable Dispute means any dispute arising under or in connection with this Agreement.

  • Agreement Disputes shall have the meaning set forth in Section 10.1.

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor.

  • Billing Dispute means the dispute of an invoice prepared by an Operator to the Other Operator which is made in good faith.

  • Cure Claim means a Claim (unless waived or modified by the applicable counterparty) based upon a Debtor’s defaults under an Executory Contract or an Unexpired Lease assumed by such Debtor under section 365 of the Bankruptcy Code, other than a default that is not required to be cured pursuant to section 365(b)(2) of the Bankruptcy Code.

  • Technical Dispute has the meaning specified in Section 12.2;

  • Amounts receivable by the Trust in a foreign currency shall be reported to the Evaluator who shall convert the same to U.S. dollars based on current exchange rates, in the same manner as provided in Section 4.01(b) or 4.01(c), as applicable, for the conversion of the valuation of foreign Equity Securities, and the Evaluator shall report such conversion with each Evaluation made pursuant to Section 4.01."

  • Undisputed Amounts has the meaning set forth in Section 2.04(c)(iii).

  • Payment Item means each check, draft or other item of payment payable to a Borrower, including those constituting proceeds of any Collateral.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Unresolved Claim means a Claim, which at the relevant time, in whole or in part: (a) has not been Finally Determined to be a Proven Claim in accordance with the Amended Claims Procedure Order and this Plan; (b) is validly disputed in accordance with the Amended Claims Procedure Order; and/or (c) remains subject to review and for which a Notice of Allowance or Notice of Revision or Disallowance (each as defined in the Amended Claims Procedure Order) has not been issued to the Creditor in accordance with the Amended Claims Procedure Order as at the date of this Plan, in each of the foregoing clauses, including both as to proof and/or quantum;

  • Rejection Claim means a Claim arising from the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

  • trade dispute means any dispute or difference between employers and workmen, or between workmen and workmen, connected with the employment or non-employment, or the terms of employment, or with the conditions of labour, of any person;

  • Tax Dispute has the meaning set forth in Section 5.06.

  • Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto: