Assigned Debtor definition

Assigned Debtor means any debtor of the Assignor in relation to Assigned Receivables.
Sample 1Sample 2
Assigned Debtor means any Eligible Debtor required to make a payment in relation to an Assigned Receivable.
Sample 1Sample 2
Assigned Debtor means any one of them. Decision of the Lenders shall mean a decision requiring the consent of the Majority Lenders, it being however specified that decisions relating to the matters below shall require the unanimous consent of the Lenders:
Sample 1

Examples of Assigned Debtor in a sentence

  • It is an agreement through which the Assigned Debtor of a factoring operation (hereinafter Customer) is granted a payment extension on the original due date of the receivables being assigned, within the limits of the debtor credit line granted and for a maximum period as indicated in the contract.

  • Any payment made by any Assigned Debtor to the Assignor as from the date of receipt of a Notice of Assignment will not discharge such Assigned Debtor of its obligations under this Clause 7.1.

  • In any such case, any relevant Assigned Debtor shall then pay the sums payable by it under each Assigned Receivable directly to the Security Agent on behalf and for the account of the Assignees.

  • At any time following the occurrence of an Enforcement Event, the Security Agent shall be entitled to give notice of any Assignment made pursuant to this Master Agreement to any Assigned Debtor in accordance with the provisions of Article L.313-28 of the French Monetary and Financial Code.

  • The Assignor recognizes as a consequence of such appointment that any payment, even partial, received from an Assigned Debtor, in any form whatsoever, as an Assigned Receivable, is only received by the Assignor as agent for the Beneficiaries and that amounts so received or recovered are the property of the Beneficiaries.

  • Upon countersigning of such letter, the Assigned Debtor shall cease to be entitled to raise any defenses based on the underlying contracts entered into between such Assigned Debtor and the Assignor to the fullest extent permitted by law.

  • In any such case, any relevant Assigned Debtor shall then pay the sums payable by it under each Assigned Receivables directly to the Security Agent on behalf and for the account of the Assignees.

  • In relation to the credit rights derived from the Loans, the Administrator should, in general, present an executive demand if, during a period of six (6) months, the Assigned Debtor of a Loan that has defaulted on its payment obligations has not resumed payments to the Administrator and the Administrator, with the consent of the Fund Manager, fails to obtain promise of payment satisfactory for the interests of the Fund.

  • In the case of breach on the payment obligations by the Assigned Debtor, the Administrator will carry out the actions described in the Administration Contract, adopting to that effect the measures that it would normally take if the loans of its own portfolio were involved and acting in accordance with good banking use and practice for the collection of the amounts owed.

  • In no case will the Administrator be able to open by its own initiative, without request by the Assigned Debtor, renegotiations of the interest rate that could result in a decrease in the interest rate applicable to a Loan.

Related to Assigned Debtor

  • Assigned Documents has the meaning assigned to that term in Section 2.12.

  • Assigned Assets refers to the Technology, all Derivatives, all Intellectual Property Rights, all Embodiments and Business Assets, collectively.

  • Assigned Contract shall have the meaning set forth in Section 1.1(b).

  • Assigned Leases has the meaning specified in Section 2.01(b).

  • Assigned Agreements means all agreements and contracts to which such Grantor is a party as of the date hereof, or to which such Grantor becomes a party after the date hereof, including, without limitation, each Material Contract, as each such agreement may be amended, supplemented or otherwise modified from time to time.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Debtor means a person who is liable on a claim.

  • Non-Debtor Affiliate means any Affiliate of the Debtors that is not a Debtor in the Chapter 11 Cases.

  • New debtor means a person that becomes bound as debtor under section 9203(4) by a security agreement previously entered into by another person.

  • Assigned Property means real and related personal property which, in the discretion of the Administrator or his designee, has been made available to the Department for transfer for public health purposes.

  • Assigned Value means the Market/Offer Price, as defined in Section 7.

  • Assumed Contract has the meaning set forth in Section 2.1(b)(iv).

  • Assigned Interests has the meaning set forth in Section 2 hereof;

  • Assigned Interest means all of Assignor's (in its capacity as a "Lender") rights and obligations under the Credit Agreement in respect of the Commitment of the Assignor in the principal amount equal to $____________, and to make Loans under the Commitment and any right to receive payments for the Loans outstanding under the Commitment assigned hereby of $____________ (the "Loan Balance"), plus the interest and fees which will accrue from and after the Assignment Date.

  • Purchaser Affiliate means any affiliate of the Purchaser, including a transferee who is an affiliate of the Purchaser, and any person who controls the Purchaser or any affiliate of the Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and

  • Consumer debtor means a debtor in a consumer transaction.

  • Account Debtor means any Person obligated on an Account.

  • Material Debt Instrument means any physical instrument evidencing any Indebtedness for borrowed money which is required to be pledged and delivered to the Administrative Agent (or its bailee) pursuant to the Security Agreement.

  • Assigned Patents means all Patents issued to, or for which applications are pending in the name of, Holdings or any of its Subsidiaries and (a) assigned to IP Hold-Co in accordance with the Patent Assignment Agreement, including without limitation any Patents described on Schedule 5.17(a) or that are thereafter acquired by, or filed in the name of, Holdings or any of its Subsidiaries, including Patents that are the subject of Section 6.18.

  • Executory Contract means a contract to which one or more of the Debtors is a party that is subject to assumption or rejection under sections 365 or 1123 of the Bankruptcy Code.

  • judgment debtor means any person against whom a decree has been passed or an order capable of execution has been made;

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Originating Affiliate means an Affiliate of AmeriCredit that has originated Receivables and assigned its full interest therein to AmeriCredit.

  • Employee assigned to the contract means an employee who was hired after November 6, 1986, who is directly performing work, in the United States. An employee is not considered to be directly performing work under a contract if the employee—

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Unassigned asthma medication means a fast-acting bronchodilator delivered by metered dose inhaler with single use spacer or by nebulizer as a rescue medication, prescribed by an authorized health-care provider in the name of the district with a non-patient-specific standing delegation order for the administration of an asthma medication, and issued by an authorized health-care provider.