Current Accounts means an Account that arises from a bona fide outright sale of goods by Borrower, or from services performed by Borrower that is not subject to any claim of reduction, counterclaim, set-off, allowances, adjustments, or the like, and is not outstanding more than 60 days from the date of its invoice.
Current Accounts means the Customer’s current account[s] with the Bank with account number[s] [Number] and sort code [Sort Code].]
Current Accounts means the accounts opened in the Factor’s books in the name of each of the French Sellers and recording the amounts paid or payable by the Factor to each French Seller pursuant to the Agreement and those which are due for any reason whatsoever by each of the French Sellers.
Examples of Current Accounts in a sentence
Ledger Fees are levied on all Current Accounts as per the Bank’s Tariffs and Commissions.
Advances can also be made to the Borrower by way of overdraft in CDollars or in USDollars in the Current Accounts, but only as a means of availment of the Swingline Loan.
More Definitions of Current Accounts
Current Accounts. , shall mean the current accounts used for all payments of the Basket, including to or from the Fund, or with respect to any Forward Currency Agreement or any payments to or from Noteholders or for any fee payments to be made to the Issuer, with respect to each Series of Notes.
Current Accounts means Borrower’s gross Accounts less all Accounts dated more than 90 days from the invoice date.
Current Accounts is defined in Section 6.7(b).
Current Accounts means each client of RS who is receiving temporary staffing services from RS as of the Closing Date.
Current Accounts means collectively (i) the CDollars and USDollars accounts maintained by the Borrower with BNS at the Branch of Account for the purposes of operating the Credit Facility and, (ii) with respect to the Swingline Loan, the CDollars and USDollars accounts maintained by the Borrower with BNS at the Branch of Account. 1.1.61 “Daily Compounded XXXXX” means, for any day, XXXXX with interest accruing on a compounded daily basis, with the methodology and conventions for this rate (which will include compounding in arrears with a lookback of five (5) Banking Days, or such other period as selected or recommended by the Relevant Governmental Body) being established by the Administrative Agent in accordance with the methodology and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded XXXXX for business loans; provided that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion; and provided that if the administrator has not provided or published XXXXX and a Benchmark Replacement Date with respect to XXXXX has not occurred, then, in respect of any day for which XXXXX is required, references to XXXXX will be deemed to be references to the last provided or published XXXXX; and provided that if Daily Compounded XXXXX as so determined shall be less than the Floor, then Daily Compounded XXXXX shall be deemed to be the Floor. 1.1.62 “Daily Compounded XXXXX Advance” – means an advance in CDollars that bears interest at a rate based on Adjusted Daily Compounded XXXXX.
Current Accounts means the accounts opened and maintained or to be opened and maintained by the HoldCo and each of the SPVs for their respective Projects and/or operations;
Current Accounts means the accounts established pursuant to Section 5.3;