Examples of Affiliate Receivable in a sentence
With respect to each Purchased Receivable which is a Commuter Receivable (other than a Foreign Receivable and an Affiliate Receivable), Raytheon Credit or the Seller shall be entitled to the benefits of Section 1110 of the Bankruptcy Code (11 USC ss.
If any Receivable or Affiliate Receivable becomes evidenced by a promissory note or any other instrument for the payment of money, Borrower will immediately deliver such instrument to Agent appropriately endorsed.
Schedule 3.2.24 sets forth (a) a list of all accounts receivable of Seller due from any Affiliate of Seller (each, an “Affiliate Receivable”) and (b) a list and the dollar amount of any prior Affiliate Receivable that has been converted into a promissory note or other similar debt obligation in favor of Seller.
The Borrower shall, upon 30 days’ prior written direction by the Administrative Agent, direct any Obligor of a Subject Affiliate Receivable to direct collections thereon to an account that is not a Lock-Box Account.
The Servicer shall, upon 30 days’ prior written direction by the Administrative Agent, direct any Obligor of a Subject Affiliate Receivable to direct collections thereon to an account that is not a Lock-Box Account.