Dutch Receivables definition
Examples of Dutch Receivables in a sentence
On such payment, the relevant Selected Dutch Receivables together with the benefit of all Ancillary Rights related thereto shall be assigned and transferred to the Selected Dutch Originators.
The Euro Re-purchase Price payable in respect of the Selected Dutch Receivables shall be payable by the Selected Dutch Originators to the European Receivables Warehouse Company, subject to and in accordance with Clause 7.3 of the European Receivables Warehouse Company Deed of Charge, on the Termination Date in respect of the Selected Dutch Receivable.
Consideration: The consideration payable by the Selected Dutch Originators to the European Receivables Warehouse Company in respect of the purchase of the benefit of the Selected Dutch Receivables shall (subject to the provisions below) be the Euro Re-purchase Price, which shall be payable in accordance with Clause 5.
The Dutch Originators shall hold as fiduciary agent for the sole benefit of the European Receivables Warehouse Company any contracts and other documentary items and evidence relating to all outstanding Dutch Receivables at the offices specified in Clause 7.2 of the Framework Deed.
The Purchase Price shall be inclusive of any Taxes which the relevant Dutch Originator may be liable to account for in respect of the sale of Dutch Receivables hereunder and accordingly no Dutch Originator shall be entitled to add any amounts to the Purchase Price in respect of any such Taxes.
To the extent the European Receivables Warehouse Company is not indemnified under Clause 11.2, the European Receivables Warehouse Company shall not have any obligation or liability with respect to any Dutch Receivables or with respect to any of the Contracts under which they arise nor will the European Receivables Warehouse Company be required to perform any of the obligations of the Dutch Originators and, as the case may be, the Parent under such Contracts.
The European Receivables Warehouse Company hereby notifies the Selected Dutch Originators that it intends on any Business Day to make an offer to re-sell and to assign (the European Receivables Warehouse Company Dutch Offer to Re-sell) to the Selected Dutch Originators all of its right, title, interest and benefit (present and future) in and to the Selected Dutch Receivables.
The Euro Re-purchase Price shall be exclusive of any Taxes which the European Receivables Warehouse Company may be liable to account for in respect of the sale of Selected Dutch Receivables hereunder and accordingly the European Receivables Warehouse Company shall be entitled to add any amounts to the Euro Re-purchase Price in respect of any such Taxes.
The Seller and the Purchaser have entered into the framework Receivables Purchase Agreement (as defined below) whereby the Seller has undertaken to sell on a daily basis and assign on a weekly basis; from time to time to the Purchaser, and the Purchaser has undertaken to accept the sale and assignment of the Dutch Receivables.
The European Receivables Warehouse Company shall have no discretion to accept any Dutch Originator Offer to Sell in respect of any Dutch Receivable unless the European Master Purchaser has accepted the related European Receivables Warehouse Company Offer to Sell and has confirmed that it will have sufficient funds available to it in euro to pay the relevant Initial Purchase Price for those Dutch Receivables to the European Receivables Warehouse Company.