Current Account Receivables definition

Current Account Receivables means all present and future, actual and contingent receivables of the Assignor originating from genuine or non-genuine current account arrangements (echte oder unechte Kontokorrentverhältnisse), including but not limited to the claim to determine the current account balance (Anspruch auf Feststellung des gegenwärtigen Saldos) and the current account balance receivable (Kontokorrentsaldoanspruch) (in particular the current account balance receivable of the final current account statement (Saldoanspruch der Schlussrechnung)) including but not limited to those specified in Schedule 3 (List of Current Account Receivables) or in a list provided to the Collateral Agent on or about the date hereof.
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Examples of Current Account Receivables in a sentence

  • In addition, the Assignor shall, at the reasonable request of the Collateral Agent following the occurrence of a Default and while it is continuing, deliver a list of the Customer Receivables, Current Account Receivables and Collection Arrangement Receivables as at the last day of the month prior to such request by the Collateral Agent.

  • In addition, the Assignor shall, at the reasonable request of the Collateral Agent following the occurrence of an Event of Default and while it is continuing, deliver a list of the Customer Receivables, Current Account Receivables and Collection Arrangement Receivables as at the last day of the month prior to such request by the Collateral Agent.

  • The Borrowing Base shall be as follows: the principal balance is not to exceed the value of 80% of Current Account Receivables.

  • Current Account Receivables are defined as those account receivables which are less than 90 days old.