ACH Receipts definition

ACH Receipts means funds received in respect of Automatic Debit Collections.

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ACH Receipts means funds received in respect of Automatic Debit Collections. “Acquisition” means any transaction, or any series of related transactions, consummated on or after April 30, 2011, by which PDCo or any of its Subsidiaries (i) acquires any going concern business or all or substantially all of the assets of any Person, or division thereof, whether through purchase of assets, merger or otherwise or (ii) directly or indirectly acquires from one or more Persons (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary voting power for the election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding ownership interests of a partnership or limited liability company of any Person. “Adverse Claim” means a lien, security interest, charge or encumbrance, or other right or claim in, of or on any Person’s assets or properties in favor of any other Person. “Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under direct or indirect common control with, such Person or any Subsidiary of such Person. A Person shall be deemed to control another Person if the controlling Person owns 10% or more of any class of voting securities of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of stock, by contract or otherwise. “Agent” has the meaning set forth in the preamble to this Agreement. Exh. I- 1730772126 11089703 Exh. I- 1

ACH Receipts means funds received in respect of Automatic Debit Collections. “Adjusted Dilution Ratio” means, as of any day, the average of the Dilution Ratios for the preceding twelve Fiscal Months. “Adverse Claim” means any ownership interest or claim, mortgage, deed of trust, pledge, lien, security interest, hypothecation, charge or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including, but not limited to, any conditional sale or title retention arrangement, and any assignment, deposit arrangement or lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing (whether or not a lien or other encumbrance is created or exists at the time of the filing); it being understood that any thereof in favor of, or assigned to, the Agent (for the benefit of the Secured Parties) shall not constitute an Adverse Claim. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person. “Affiliate Receivable” means any Receivable, an Obligor of which is an Affiliate of any CNE Party. “Agent” means MUFG, in its capacity as contractual representative for the Credit Parties, and any successor thereto in such capacity appointed pursuant to Article X or Section 13.03(g). “Aggregate Capital” means, at any time of determination, the aggregate outstanding Capital of all Lenders at such time. “Aggregate Interest” means, at any time of determination, the aggregate accrued and unpaid Interest on the Loans of all Lenders at such time. “Agreement” has the meaning set forth in the preamble to this Agreement. “Alternate Base Rate” means, with respect to any Lender, on any date, a fluctuating rate of interest per annum equal to the greatest of: (a) the Prime Rate in effect on such day; (b) the Federal Funds Effective Rate in effect on such day plus ½ of 1%; and (c) the greater of (i) 0.00% and (ii) Term SOFR for a one-month tenor in effect on such day plus SOFR Spread.

Examples of ACH Receipts in a sentence

Such Seller Party will cause (1) all ACH Receipts to be deposited immediately to a Collection Account and all proceeds from all Lock-Boxes to be directly deposited by a Collection Bank into a Collection Account and (2) each Lock-Box and Collection Account to be subject at all times to a Collection Account Agreement that is in full force and effect.
Other Online banking transactions, including Payroll, Collections, ACH Receipts, ACH Payments, Wire Transfers, and Tax Payments posted prior to 4:00 PM (EST) M-F will be processed on the same business day; any transactions posted after 4:00 PM (EST) M-F will be processed on the next business day.
Any Collections received directly by or processed by a Company Party (in its capacity as Servicer, Subservicer or otherwise) shall be deposited into the Lock-Box Account no later than (i) in the case of any ACH Receipts, immediately and (ii) in the case of all other Collections within five (5) Business Days.
Such Originator will cause (1) all ACH Receipts to be deposited immediately to a Collection Account and all proceeds from all Lock-Boxes to be directly deposited by a Collection Bank into a Collection Account and (2) each Lock-Box and Collection Account to be subject at all times to a Collection Account Agreement that is in full force and effect.
Business users may be approved to gain access to additional SYSTEM Services, collectively referred to as “Cash Management.” Cash Management includes all, or a combination of, the following features: EFTPS Tax Payments, Domestic Wire Transfers, Payroll, ACH Payments, ACH Receipts, Collections, and Send A File.
No Borrower will add or terminate any bank as a Lock-Box Bank or make any change in the instructions to Obligors regarding payments to be made to any Lock-Box (or Lock-Box Account in the case of ACH Receipts) nor will it permit any other Person to do any of the foregoing without the prior written consent of Lender.

More Definitions of ACH Receipts

ACH Receipts means funds received in respect of Automatic Debit Collections. “Adjusted Dilution Ratio” means, as of any day, the average of the Dilution Ratios for the preceding twelve Fiscal Months. “Adverse Claim” means any ownership interest or claim, mortgage, deed of trust, pledge, lien, security interest, hypothecation, charge or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including, but not limited to, any conditional sale or title retention arrangement, and any assignment, deposit arrangement or lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing (whether or not a lien or other encumbrance is created or exists at the time of the filing); it being understood that any thereof in favor of, or assigned to, the Agent (for the benefit of the Purchasers) shall not constitute an Adverse Claim. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person or is a director or officer of such Person. “Affiliate Receivable” means any Receivable, an Obligor of which is an Affiliate of any CNE Party. “Agent” has the meaning set forth in the preamble to this Agreement. “Aggregate Capital” means, on any date of determination, the aggregate outstanding Capital of all Purchasers on such date.

ACH Receipts means funds received from an Obligor in respect of automated or other electronic funds transfers.