Canadian Receivables definition

Canadian Receivables means the accounts receivable of Global Payments Direct generated in the ordinary course of business of its merchant processing business in Canada, including VISA receivables, debit card receivables, merchant charge-back receivables and merchant business receivables (relating to fees owed to Global Payments Direct by its Canadian VISA merchants) generated in connection with such business.

Canadian Receivables means Receivables which are payable in Canadian Dollars and generated from sales to Obligors located in Canada.

Canadian Receivables means and includes all of any Canadian Subsidiary's now owned or hereafter acquired accounts and contract rights, instruments, insurance proceeds, documents, chattel paper, letters of credit and each Canadian Subsidiary's rights to receive payment thereunder, any and all rights to the payment or receipt of money or other forms of consideration of any kind at any time now or hereafter owing or to be owing to a Canadian Subsidiary, all proceeds thereof and all files in which any Canadian Subsidiary has any interest whatsoever containing information identifying or pertaining to any of a Canadian Subsidiary's Receivables, together with all of such Canadian Subsidiary's rights to any merchandise which is represented thereby, and all of such Canadian Subsidiary's right, title, security and guaranties with respect to each Canadian Receivable, including, without limitation, all rights of stoppage in transit, replevin and reclamation and all rights as an unpaid vendor.

Examples of Canadian Receivables in a sentence

• All terms used in the PPSA in the Province of Ontario in relation to the Canadian Guarantor or the Canadian Receivables or any Related Security with respect thereto, and not specifically defined herein, are used herein as defined in such PPSA.

• The Canadian Guarantor owns and has good and marketable equitable title to the Canadian Receivables and all Related Security with respect to the Canadian Receivables, free and clear of any Adverse Claim of any Person.

• The parties hereto acknowledge that Canadian Receivables sold by Garland to the Cayman Seller under the Canadian Purchase and Sale Agreement have been sold on a servicing-included basis and no additional compensation is payable to Garland for acting as the Applicable Servicer of the Canadian Receivables hereunder.

• The Seller will not render any services giving rise to Canadian Receivables to the Obligor thereof in Canada.

• We capitalized approximately $0.9 million of costs in connection with the Canadian Receivables Purchase Agreement.

More Definitions of Canadian Receivables

Canadian Receivables means United States dollar-denominated -------------------- accounts receivable generated from sales to Canadian Obligors.

Canadian Receivables means Receivables due from Obligors which are residents of, or organized under the laws of, or with chief executive offices in, Canada so long as (A) Canada has a long-term country risk rating of not less than BBB- by S&P and Baa3 by Mxxxx’x and (B) all payments of such Receivables are required to be made in USA dollars into a Lock-Box Account.

Canadian Receivables means and includes all of the Canadian Subsidiary's presently existing and hereafter arising or acquired accounts, accounts receivable, and all present and future rights of the Canadian Subsidiary to payment for goods sold or leased or for services rendered (except those evidenced by instruments, security or chattel paper), whether or not they have been earned by performance, and all rights in any merchandise or goods which any of the same may represent, and all rights, title, security and guaranties with respect to each of the foregoing, including, without limitation, any right of stoppage in transit.

Canadian Receivables means at any time of determination an Eligible Receivable the Obligor of which is an Eligible Canadian Obligor.

Canadian Receivables has the meaning set forth in Section 5.4.

Canadian Receivables means Receivables which are (i) originated by -------------------- an Originator which is a Canadian person and (ii) payable in Canadian Dollars pursuant to the terms of the Contract with respect to such Receivables.

Canadian Receivables means the accounts receivable acquired by NDPS -------------------- pursuant to the Canadian Acquisition and other Canadian accounts receivable of NDPS generated in the ordinary course of business by the Canadian merchant processing business acquired by NDPS pursuant to the Canadian Acquisition.