Buffer Period means for each Account Debtor the number of days listed on Exhibit A as the Buffer Period applicable to such Account Debtor (as such exhibit may from time to time be amended or replaced with the consent of the Seller Representative and Xxxxx Fargo).
Buffer Period. In connection with the Purchaser’s initial purchase of a Purchased Receivable hereunder, the number of days (if any) set forth on Schedule 1 for each applicable Account Debtor. Thereafter, the Buffer Period with respect to any Account Debtor (including, without limitation, any Account Debtors whose Receivables were included in the initial purchase hereunder) may be established and/or adjusted from time to time prospectively to such number of days as shall be agreed upon in good faith by Seller and the Purchaser based on the payment history of such Account Debtor.
Buffer Period is defined in Appendix F.
Examples of Buffer Period in a sentence
Any such request shall be made by the Seller Representative to the Administrative Agent and the Purchasers and shall include a proposed Approved Obligor Buffer Period.
Any such request shall be made by the Sellers and the Guarantor to the Administrative Agent (for distribution to the Buyers) and shall include a proposed Account Debtor Buffer Period and the information required for each Account Debtor on Schedule II.
The time associated with any work required by Magellan not requested by Customer, other than routine connection/disconnection activities, will be added to the Buffer Period.
The time calculation for determining whether a Vessel exceeds its Dock Event Window plus Buffer Period will begin when such Vessel has been made all-fast at a berth, and end when such Vessel’s gangway is released; except that, in the event a regulatory agency (e.g. Coast Guard, EPA, TCEQ) inspection is required and creates a dock delay, the time associated with the inspection delay will not count towards the Dock Event Window for such Vessel.
If a Vessel exceeds the Dock Event Window by more than the Buffer Period, Magellan will charge the Customer a service fee associated with the dock delay.
More Definitions of Buffer Period
Buffer Period means five (5) days. “Business Day”: means any day that is not a Saturday, Sunday or other day on which banks in New York City are required or permitted to close. “Capital Stock”: means, with respect to any Person, any and all common shares, preferred shares, interests, participations, rights in or other equivalents (however designated) of such Person’s capital stock, partnership interests, limited liability company interests, membership interests or other equivalent interests and any rights (other than debt securities convertible into or exchangeable for capital stock), warrants or options exchangeable for or convertible into such capital stock or other equity interests. “Change of Control”: means, if at any time, (i) Constellium SE ceases to own, directly or indirectly, 100% of the Capital Stock of Parent, (ii) Parent ceases to own directly or indirectly, 100% of the Capital Stock of the Originator or (iii) Seller ceases to own, directly or indirectly, free and clear of any Adverse Claim, except with respect to the ABL Credit Agreement, or any other similar incurrence of debt, 100% of the Capital Stock of the Purchaser. “Code”: means the Internal Revenue Code of 1986 and shall include all amendments, modifications and supplements thereto from time to time. “Collections”: means all collections and other proceeds received and payment of any amounts owed in respect of the Purchased Receivables, including, without limitation, all cash collections, wire transfers or electronic funds transfers. “Collection Account”: means the account maintained in the name of Constellium Muscle Shoals Funding III, LLC at Xxxxx Fargo Bank, National Association, with Account No. 4943965525 and ABA No. 000000000. “Compliance Action”: means any action taken by Purchaser (or any action that Purchaser instructs other members of the Purchaser, its Affiliates or subsidiaries to take) to the extent it is legally permitted to do so under the laws of its jurisdiction, which it, in its sole discretion, considers appropriate to act in accordance with Sanctions Laws or domestic and foreign laws and regulations, including without limitation, the interception and investigation of any payment, communication or instruction; the making of further enquiries as to whether a person or entity is subject to any
Buffer Period means, with respect to any Seller, the number of days that is either (i) listed in the column titled “Buffer Period” opposite the name of the such Seller on the Seller Schedule, (ii) set forth in the applicable Participation Agreement or (iii) mutually agreed in writing by Purchaser and the applicable Seller.
Buffer Period. Five (5) days.
Buffer Period. Five (5) days. “Business Day”: Any day that is not a Saturday, Sunday or other day on which banks in New York City are required or permitted to close. “Capital Stock”: With respect to any Person, any and all common shares, preferred shares, interests, participations, rights in or other equivalents (however designated) of such Person’s capital stock, partnership interests, limited liability company interests, membership interests or other equivalent interests and any rights (other than debt securities convertible into or exchangeable for capital stock), warrants or options exchangeable for or convertible into such capital stock or other equity interests. “Change of Control”: If at any time, (i) Constellium SE ceases to own, directly or indirectly, 100% of the Capital Stock of Parent, (ii) Parent ceases to own directly or indirectly, 100% of the Capital Stock of the Originator or (iii) Originator ceases to own, directly or indirectly, free and clear of any Adverse Claim, except with respect to the ABL Credit Agreement or any other similar incurrence of debt, 100% of the Capital Stock of the Seller. “Closing Date”: September 30, 2021 or such other date as all conditions in Section 2(c) have been satisfied. “Code”: The Internal Revenue Code of 1986 and shall include all amendments, modifications and supplements thereto from time to time. “Collections”: All collections and other proceeds received and payment of any amounts owed in respect of the Purchased Receivables, including, without limitation, all cash collections, wire transfers or electronic funds transfers. “Collection Account”: The account maintained in the name of Constellium Muscle Shoals Funding III, LLC at Xxxxx Fargo Bank, National Association, with Account No. 4943965525 and ABA No. 000000000. “Collection Account Agreement”: The Deposit Account Control Agreement, dated as of September 30, 2021, by and among the Servicer, the Seller, as pledgor, the Purchaser Representative, as secured party for the benefit of the Purchasers), and Xxxxx Fargo Bank, National Association, as the account bank, as amended, amended and restated, supplemented or otherwise modified from time to time. “Commitment”: With respect to any Purchaser, the commitment amount of such Purchaser set forth beneath its signature to this Agreement, as such commitment may be reduced from time to time by the Seller in accordance with the terms of Section 2(f) hereof. “Commitment Fee”: The meaning set forth in Section 2(e) hereof. “Compli...
Buffer Period. For any Purchased Receivable and any Account Debtor, the period set forth as such for such Account Debtor on Schedule II as such Schedule may be amended, supplemented or modified from time to time.
Buffer Period. For each applicable Account Debtor and each Purchased Receivable shall be the period determined on the applicable Purchase Date for such Purchased Receivable as the weighted average, for all Purchased Receivables collected during the immediately preceding month (weighted based on the Net Invoice Amount of each such Purchased Receivable), of the difference between (i) the actual payment date of each such Purchased Receivable collected during such prior calendar month and (ii) the Scheduled Payment Date of such Purchased Receivable. The Buffer Period for each Purchased Receivable shall be calculated prospectively on each applicable Purchase Date for any related Purchased Receivable being purchased on such date.
Buffer Period. The number of days (if any) as agreed upon in good faith by Seller Representative and Purchaser for each Account Debtor. The Buffer Period with respect to any Account Debtor may be adjusted from time to time prospectively to such number of days as shall be agreed upon in good faith by Seller Representative and Purchaser based on the payment history of such Account Debtor.