Client Risk Receivable definition

Client Risk Receivable shall have the meaning set forth in Section 1(b). g. "Collateral" shall mean those assets owned by Seller which are subject to Purchaser's security interest granted in Section 5(b). h. "Discount Fee" shall have the meaning set forth in Section 1(b). i. "Dispute" shall mean a dispute, deduction, claim, offset, defense or counterclaim of any kind, whether bona fide or not, including, without limitation, any dispute relating to goods or services already paid for or relating to Receivables other than the Receivable on which payment is being withheld. j. "Factor Risk Receivables" shall have the meaning set forth in Section 1(b). k. "Maximum Permitted Advance" shall be the amount obtained by multiplying the Advance Rate Percentage by the sum of the Net Invoice Values of all Factor Risk Receivables in a Receivable Pool. l. "Net Invoice Value" shall mean, as to any Receivable, the amount shown on the original invoice therefore as being payable in cash by the customer owing the same, net of all commissions, discounts (other than prompt payment discounts), allowances, and credits granted by Seller or claimed by the Account Debtor. m. "Obligations" shall have the meaning set forth in Section 5(b). n. "Overdraft" shall mean any negative balance in Seller's Book Account. o. "Receivable" or "Receivables" shall have the meaning set forth in Section 1(a). p. "Residual" shall have the meaning set forth in Section 1(b)(ii). q. "Seller" shall mean [COMPANY NAME], and its subsidiaries, if any. r. "Service Fee" shall have the meaning set forth in Section 1(b). s. "Supporting Documents" shall mean original invoices, confirmed purchase orders, insertion orders, contracts, approvals, shipping documents, and any other documents which AEG may require or specify with respect to a Receivable. t. "Termination Fee" shall mean the fee which may become payable to Purchaser on termination of this Agreement pursuant to Section 16.
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Client Risk Receivable means any Receivable that is (i) not supported or documented by Supporting Documents which are satisfactory to AEG, (ii) with an Account Debtor which has an invoice which is outstanding for more than ninety (90) days, or (iii) unacceptable to AEG for any other reason in the exercise of its sole discretion. e. "Collateral" shall mean those assets owned by Seller which are subject to Purchaser's security interest granted in Section 6(b). f. "Dispute" shall mean a dispute, deduction, claim, offset, defense or counterclaim of any kind, whether bona fide or not, including, without limitation, any dispute relating to goods or services already paid for or relating to Receivables other than the Receivable on which payment is being withheld. g. "Factor Risk Receivables" shall mean all Receivables in a Receivable Pool other than Client Risk Receivables. h. "Line of Credit" shall have the meaning set forth in Section 2(a). i. "Net Invoice Value" shall mean, as to any Receivable, the amount shown on the original invoice therefore as being payable in cash by the customer owing the same, net of all commissions, discounts (other than prompt payment discounts), allowances, and credits granted by Seller or claimed by the Account Debtor.
Sample 1
Client Risk Receivable means any Receivable that is (i) not supported or documented by Supporting Documents which are satisfactory to AEG, (ii) with an Account Debtor which has an invoice which is outstanding for more than ninety (90) days, or (iii) unacceptable to AEG for any other reason in the exercise of its sole discretion.
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Examples of Client Risk Receivable in a sentence

  • Notwithstanding a Client Risk Receivable designation, AEG shall be deemed to have purchased the Receivable, shall have the right to collect the Receivable, and shall have the right to charge Service Fees and Discount Fees on the Receivable.

  • A charge back does not constitute a reassignment of a Notification Receivable; provided, however, we shall have the right in our sole discretion to reassign to you any Client Risk Receivable.

  • We shall not bear the Credit Risk on any Notification Approved Receivable charged back to you and such Notification Approved Receivable shall be deemed a Client Risk Receivable.

  • Any sale of goods or rendering of services by us for which we have not received written Credit Approval, or for which Credit Approval has been withdrawn or revoked, shall be known as a "Client Risk Receivable." Any Client Risk Receivable(s) assigned to and purchased by you are with recourse to us and at our sole credit risk.

  • The provisions of this paragraph shall survive and continue in effect, notwithstanding the termination of this agreement, and Client hereby indemnifies and holds Factor harmless from any loss or expense (including attorneys' fees) arising out of the assertion of any such claim against Factor with respect to a Client Risk Receivable.


More Definitions of Client Risk Receivable

Client Risk Receivable means a Notification Receivable with respect to which we have not assumed the Credit Risk. It is also understood and agreed that you shall not assign to us under this Notification Rider, and we shall not accept, any orders related to Special Goods. Our respective rights and obligations concerning the Notification Receivables shall be subject to and governed by the CARPA in all respects, as amended by the terms and conditions hereof:
Sample 1
Client Risk Receivable shall have the meaning set forth in Section 1(b). g. "Collateral" shall mean those assets owned by Seller which are subject to Purchaser's security interest granted in Section 5(b). h. "Discount Fee" shall have the meaning set forth in Section 1(b). i. "Dispute" shall mean a dispute, deduction, claim, offset, defense or counterclaim of any kind, whether bona fide or not, including, without limitation, any dispute relating to goods or services already paid for or relating to Receivables other than the Receivable on which payment is being withheld. j. "Factor Risk Receivables" shall have the meaning set forth in Section 1(b). k. "Maximum Permitted Advance" shall be the amount obtained by multiplying the Advance Rate Percentage by the sum of the Net Invoice Values of all Factor Risk Receivables in a Receivable Pool. l. "Net Invoice Value" shall mean, as to any Receivable, the amount shown on the original invoice therefore as being payable in cash by the customer owing the same, net of all commissions, discounts (other than prompt payment discounts), allowances, and credits granted by Seller or claimed by the Account Debtor.
Sample 1
Client Risk Receivable shall have the meaning set forth in Section 1(b).
Sample 1

Related to Client Risk Receivable

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Review Receivable has the meaning designated in Section 1.02 of the Asset Representations Review Agreement.

  • Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Diluted Receivable means that portion, and only that portion, of any Receivable which is either (a) reduced or canceled as a result of a Dilution Factor or (b) subject to any specific dispute, offset, counterclaim or defense whatsoever.

  • Asset Review Receivable means, for any Asset Review, each Receivable that is not a Liquidated Receivable and with respect to which the related Obligor failed to make at least 90% of the related Scheduled Receivables Payment by the date on which it was due and, as of the last day of the Collection Period prior to the date the related Asset Review Notice was delivered, remained unpaid for sixty (60) days or more from the original payment due date.

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto:

  • Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.

  • Liquidated Receivable means any Receivable liquidated by the Servicer through the sale or other disposition of the related Financed Equipment or that the Servicer has, after using all reasonable efforts to realize upon the Financed Equipment, determined to charge off without realizing upon the Financed Equipment.

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Delinquent Receivable means a Receivable as to which any payment, or part thereof, remains unpaid for 61 days or more from the original due date for such payment.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Portfolio Data means the Key Terms in relation to all outstanding Trades between you and us in a form and standard that is capable of being reconciled. The information comprising the Portfolio Data for Portfolio Data Delivery Date will be prepared as at the close of business New York time on the immediately preceding Business Day.

  • Eligible Receivable means, at any time, a Receivable:

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Discount Option Receivables shall have the meaning specified in Section 2.12. The aggregate amount of Discount Option Receivables outstanding on any Date of Processing occurring on or after the Discount Option Date shall equal the sum of (a) the aggregate Discount Option Receivables at the end of the prior Date of Processing (which amount, prior to the Discount Option Date, shall be zero) plus (b) any new Discount Option Receivables created on such Date of Processing minus (c) any Discount Option Receivable Collections received on such Date of Processing. Discount Option Receivables created on any Date of Processing shall mean the product of the amount of any Principal Receivables created on such Date of Processing (without giving effect to the proviso in the definition of Principal Receivables) and the Discount Percentage.

  • Renewable Portfolio Standard or “RPS” means a state or federal law, rule or regulation that requires a stated amount or minimum proportion or quantity of electricity that is sold or used by specified persons to be generated from Renewable Energy Sources.