Examples of Current Receivable in a sentence
The Owner shall cause all sums hereafter received or recovered by or for it in respect of any Current Receivable to be directly credited to a separate and distinct account as the Collateral Agent may from time to time designate and, if called upon to do so by notice in writing from the Collateral Agent, shall execute an absolute assignment of any such Current Receivable in favor of the Collateral Agent, all at the cost of the Owner.
The Owner shall cause all sums hereafter received or recovered by or for it in respect of any Current Receivable to be directly credited to a separate and distinct account as the Indenture Trustee may from time to time designate and, if called upon to do so by notice in writing from the Indenture Trustee, shall execute an absolute assignment of any such Current Receivable in favor of the Indenture Trustee, all at the cost of the Owner.
In the event that the Purchaser requests that the Seller consent to a settlement, modification or compromise of a Retained Current Receivable, the Seller agrees to respond to such request within five (5) Business Days after such request is received by the Seller.
Our related party accounts receivable and related party accounts payable that are included on the balance sheet consist of the following (in thousands): December 31, 2006 Accounts Accounts Other Current Receivable Payable Liabilities (1) (1) Relates to pipeline imbalances with an affiliate of EPCO.
Purchaser acknowledges and agrees that it is responsible for paying Seller's payroll in the amount of $113,950 for the two weeks ended September 19, 1997.