Current Accounts definition

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.

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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.

• If necessary, the Client may apply to the Bank (including the Information Centre) for more detailed information on changes of his Current Accounts.

• At the same time, the Banking Service is provided solely with respect to the Client's Current Account(s) which is (are) specified in the Application for approving terms and conditions of "Regular Payments" Banking Service.

• The application for approving the terms and conditions of "Regular Payments" Banking Services may be concluded for each Client's Current Account separately, or simultaneously for several or all Client's Current Accounts.

• At the end of each accounting year Trading Profit/Loss Account and Balance Sheet for The Partnership and including Capital Accounts and Current Accounts for each Partner shall be prepared.

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 each client of RS who is receiving temporary staffing services from RS as of the Closing Date.

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. Each PEO client of Sellers who is receiving PEO services, including payroll, from Sellers as of the Effective Date.

Current Accounts the current, in-force Client Accounts of Sellers as of the Closing Date, i.e., any Client Accounts that have not canceled or non-renewed their Insurance Products or Services with Seller, and all renewals and expirations thereof.

Current Accounts as used herein means the particular office, branch, department or unit having placed an order or been setup with SharperLending within a period of six (6) months. If either Party discovers that it is marketing to a Current Account contrary to the restrictions of this section, then such Party will withdraw from such marketing unless otherwise agreed by the other Party. The foregoing does not preclude general marketing activities such as trade press media advertising, trade show participation and the like. In the event a SharperLending processes orders in breach of this Section 6, then such SharperLending shall pay Sales Representative an amount equal to the service fees that would have otherwise been payable with respect to Service Orders, or the retail-wholesale spread that otherwise would have been retained with respect to Service Orders, for orders placed by the former Account for the six (6) month period after such entity last purchased Services credited to Sales Representative, as applicable. The amounts payable under this Section 6, if any, will be payable monthly and calculated based on the prices that would have been paid by such entity under its arrangement with Sales Representative, as applicable.