CR Receivable definition

CR Receivable means any Receivable which is not a Credit Approved Receivable.
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CR Receivable means any Receivable which is not a Credit Approved Receivable, provided that Credit Approved Receivables cannot become CR Receivables under this Agreement for any reason after they become Purchased Receivables, other than as a result of a Dispute.
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Examples of CR Receivable in a sentence

  • In addition, if we, at your request, and in our discretion, file a proof of claim in any insolvency proceeding with respect to a CR Receivable and/or forward a CR Receivable to an attorney or agency for collection, we shall charge your account with (i) the fees and expenses of such attorney or collection agency and (ii) a service charge equal to $100 plus 5% of any amount collected on the CR Receivable.

  • We shall have the right to charge back to you the amount of any payment which we receive with respect to a CR Receivable, if we are subsequently required to disgorge such payment for any reason, including, such payment being deemed a preferential transfer.

  • We shall have the right to make a bookkeeping entry to debit your account the amount of CR Receivables at any time either before or after their maturity and you agree to pay us upon demand the amount of all expenses including reasonable collection charges and reasonable attorneys’ fees incurred by us in attempting to collect or enforce any such payment, and additionally to pay us on demand the amount of any such CR Receivable if such CR Receivable was previously a Purchased Receivable.

  • In the event of a breach of any of the representations or warranties contained herein with respect to a Receivable, or the assertion, with respect to a Receivable, of a Dispute, any such Receivable (whether or not a Credit Approved Receivable) shall thereupon become a CR Receivable.

  • When monthly installment received from a borrower, is entered into the system, it generates the following journal entry: DR Bank (in Trust – Asset) CR Receivable from Borrowers (Asset) The system allows up to 45 characters in the account number that ensures flexibility needed to handle any type of General Ledger.

  • In the event of a breach of any of the representations or warranties contained herein with respect to a Receivable, or the assertion, with respect to a Receivable, of a Dispute, or the payment of all or part of a Receivable by the Customer obligated thereon, to a Person other than us, and any such Receivable (whether or not a Credit Approved Receivable) shall thereupon become a CR Receivable.

  • Any other Receivable shall automatically become a CR Receivable as of the date of such Termination.

  • Supplier shall in no event consider supplying or financing the acquisition of Goods in a Transaction that (i) requires Supplier or Client to make any payment to a Seller (whether directly, under a letter of credit or otherwise) before the Goods are finished and ready for shipment or (ii) would give rise to a CR Receivable (as such term is defined in the Factoring Agreement, as hereinafter defined).