Commercial Receivables definition

Commercial Receivables means all promissory notes and mortgages and deeds of trust payable to, or held by, Grantors, and all other documents, instruments and agreements executed in connection therewith, whether currently existing or hereafter created or acquired, arising from the sale of single-family homesites (as defined in the Secured Agreement) or arising from the sale of other Real Property and all cash and non-cash proceeds thereof.

Commercial Receivables all promissory notes and mortgages and deeds of trust payable to, or held by, the Company or any Subsidiary, and all other documents, in- struments and agreements executed in connection therewith, whether currently existing or hereafter created or ac- quired, arising from the sale of single family homesites or arising from the sale of other Real Property and all cash and non-cash proceeds thereof.

Commercial Receivables means Receivables originated by UUNET, Communications or Network.

Examples of Commercial Receivables in a sentence

• Notwithstanding the foregoing, the Base Applicable Margin shall be increased by one quarter of one percent (0.25%) in the event that on any day of the month for which interest is calculated, the Loan Outstandings, as calculated by the Agent, exceeds the sum of (i) ninety percent (90%) of the face amount of Eligible Billed Government Receivables and(ii) eighty-five percent (85%) of the face amount of Eligible Billed Commercial Receivables, as calculated by the Agent.

• Re: Advanta Equipment Receivables Ladies and Gentlemen: We have acted as special counsel to Advanta Business Services Corp., a Delaware corporation ("Advanta") as to certain matters in connection with the Commercial Receivables Asset Backed Notes (the "Notes") which will be issued from time to time pursuant to Supplements to a Master Facility Agreement (the "Facility Agreement") dated as of May 1, 1997 among Advanta, the Obligors' Agent and The Chase Manhattan Bank, as Trustee (the "Trustee").

• To the extent Agent may revise the lending formulas used to determine the Borrowing Base or establish new criteria or revise existing criteria for Eligible Commercial Receivables, Eligible Credit Card Receivables or Eligible Inventory so as to address any circumstances, condition, event or contingency in a manner satisfactory to Agent, Agent shall not establish a Reserve for the same purpose.

• Many of the initial studies of chevrons were performed using simple, circular nozzles.

• Customers can be notified via relevant business units in conjunction with the Commercial Receivables Management team.All files need to remain with the relevant business unit unless specifically requested by the Commercial Receivables Management team.

More Definitions of Commercial Receivables

Commercial Receivables means Receivables of Borrowers other than Government Receivables.

Commercial Receivables means the "Receivables" (as defined in the Senior Facilities Agreement) and excludes all Intercompany Receivables;

Commercial Receivables means all present and future rights of Borrower to payment from the Commercial Account Purchaser under the Commercial Account Agreement.

Commercial Receivables means accounts receivable billed to Obligors representing amounts due and owing to the Seller arising from the sale, rental or lease of goods or the provision of services (and services and sales ancillary thereto), including all rights and remedies of the Seller relating thereto, together with any and all proceeds in any way derived, directly or indirectly, therefrom. Commercial Receivables means both governmental and non-governmental receivables.

Commercial Receivables means Eligible Receivables other than Prime Government Receivables, Sub Contractor or Other Government Receivables, or Unbilled Receivables which have resulted from an amount due owing from account debtors.

Commercial Receivables means Eligible Account Receivables other than Prime Government Receivables or Unbilled Receivables which have resulted from an amount due owing from account debtors. "Prime Government Receivables" means Eligible Accounts Receivables which have resulted from an amount due and owing directly from the U.S. Government or any department or agency thereof. "Unbilled Prime Government Receivables" means Eligible Prime Government Accounts Receivables, notwithstanding their unbilled status which have resulted from unbilled costs actually incurred and arising out of work actually performed by the Borrower under written contracts with the U.S. Government which (i) have been accepted by the U.S. Government and (ii) are properly billable to the U.S. Government in accordance with the applicable contract “Eligible Accounts Receivable” shall mean all Accounts Receivable of Borrower and any of its Subsidiaries which have been created in the ordinary course of Borrower's or such Subsidiary’s business and upon which Borrower's or such Subsidiary’s right to receive payment is {N0109914 } 3 5421512 absolute and not contingent upon the fulfillment of any condition whatsoever, and shall not include:  any account which remains unpaid more than ninety (90) days past due from the date of the invoice or sixty (60) days from the stated due date or which has been written off the books of the Borrower or otherwise designated as uncollectible by Borrower (it being understood that, in determining the aggregate amount from the same Customer that is unpaid hereunder, there shall be excluded the amount of any net credit balances relating to accounts due from such Customer which are unpaid more than sixty (60) after the stated due date);  any account which represents an obligation of a Customer which is not a resident of the United States or Canada unless such account is supported by a letter of credit in form and substance reasonably acceptable to Bank;  any account with respect to which there is another contra account but only to the extent of the amount owed by Borrower to the Customer;  any account which represents an obligation of any local, state or federal governmental agency or entity, unless Borrower is not prohibited from assigning the account and is able to does assign its right to payment of such account to the Bank, in a manner reasonably satisfactory to Bank, so as to comply with the Assignment of Claims Act of 1940, as amended;  any account which arises from the sale to an...

Commercial Receivables means Acceptable Receivables other than Prime Governmental Receivables which have resulted from an amount due owing from account debtors.