Examples of eligible client in a sentence
Concerning Suitability, Accredited Investor and Eligible Client Status.
Beginning with the 31st day from date Greystone purchases the invoice evidencing an Eligible Client Account, the Purchase Price of such Account will be subject to an additional Discount of 0.016% for each one (1) day period or part thereof such Account remains unpaid to Greystone (provided such Account has not become a Chargedback Account, as defined below).
Seller agrees not to do any of the following without Greystone's prior written consent: (i) amend in any material respect any Eligible Client Factoring Documents; (ii) release any collateral or any guarantors supporting any Eligible Client Factoring Agreement; or (iii) permit any Eligible Client to subordinate any debt or liens to any other party.
If the Company disputes a Lender’s determination that an Eligible Client has undergone a Material Adverse Change since the date of this Agreement, the Company and the Lender shall submit the disputed facts to a Major Accounting Firm (as defined below), acceptable to the Lender, for resolution within five (5) Business Days of the date that the Lender notifies the Company of its determination.
As used herein, the term "Dilution Percentage" with respect to each Eligible Client during any period of measurement, the quotient (expressed as a percentage) obtained by dividing (i) the aggregate amount by which the Accounts of such Client are reduced for a reason other than the collection of the proceeds of the Accounts during such period, k (ii) the average amount of gross sales of such Client during such period.