Eligible Purchase Order definition

Eligible Purchase Order means a Purchase Order, which satisfies the following conditions as determined by Lender in its sole discretion:
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Eligible Purchase Order means a purchase order that (i) is from an Eligible Vendor and (ii) is issued pursuant to and complies with the terms and conditions of an Eligible Supply Agreement. No purchase order shall qualify as an Eligible Purchase Order as of any date of determination if (i) the aggregate amount of Vendor Payment Financing Loans outstanding as of such date exceeds$500,000 or (ii) Borrower is, or as a result of such additional Eligible Purchase Order Exposure will be, in breach of Section 8.15(c) of this Agreement. Vendor Financing Agreement, Exhibit B, § 5.12(i).
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Eligible Purchase Order means each Purchase Order of each Company which conforms to the following criteria: (a) such Company has irrevocably directed the Approved Leasing Company to make payments of all amounts due under such Purchase Order to the Lockboxes, (b) copies of such Purchase Order and an Approved Lease covering the Products listed in such Purchase Order shall be in form and substance satisfactory to the Agent, (c) the Products set forth in such Purchase Order have been shipped to the applicable Golf Course Customer and the Agent has received satisfactory evidence of such shipment, (d) such Purchase Order shall not be unpaid more than thirty (30) days from the date the Products listed in such Purchase Order have been shipped to the applicable Golf Course Customer, (e) such Purchase Order has not been cancelled by the Approved Leasing Company or the Golf Course Customer named thereon, (f) the Golf Course Customer to whom the Products listed in such Purchase Order have been shipped has not notified the Approved Leasing Company that it is not accepting such Products, (g) if an Approved Leasing Company has succeeded to the rights of the lessor named in the Approved Lease covering the Products listed in such Purchase Order pursuant to an assignment of such Approved Lease by ProLink Solutions, LLC, d/b/a ProLink Capital, the consideration paid by the Approved Leasing Company to ProLink Solutions, LLC, d/b/a ProLink Capital, under such assignment shall not be less than the amount due under such Purchase Order, (h) the Agent has taken such action as it chooses to verify the validity of such Purchase Order which verification may include, without limitation, direct confirmation from the Approved Leasing Company and/or the Golf Course Customer, (i) such Purchase Order, the Products listed thereon and the related Purchase Order Proceeds are free and clear of all Liens except Permitted Liens, and (j) such Purchase Order is otherwise satisfactory to the Agent as determined by the Agent in the exercise of its sole discretion.
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Examples of Eligible Purchase Order in a sentence

  • When Bank makes a Purchase Order Advance, the Eligible Purchase Order becomes a “Financed Receivable”.

  • Bank may, in its sole discretion, change the percentage of the Advance Rate for a particular Eligible Purchase Order on a case by case basis.

  • Borrower shall deliver a Purchase Order Transmittal for each Eligible Purchase Order it offers.

  • All sales and other transactions underlying or giving rise to each Eligible Account and each Eligible Purchase Order shall comply in all material respects with all applicable laws and governmental rules and regulations.

  • Bank may, in its sole discretion, change the Advance Rate for a particular Eligible Purchase Order on a case by case basis.

  • In addition, upon Bank’s request, Borrower shall deliver to Bank any contracts, purchase orders, or other underlying supporting documentation with respect to such Eligible Account or Eligible Purchase Order.

  • Notwithstanding the foregoing, the aggregate amount of Advances made based on Placeholder Invoices may exceed Five Million Dollars ($5,000,000.00) but may not exceed Ten Million Dollars ($10,000,000.00) when Borrower has fulfilled and collected on at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) of purchase orders issued by each Eligible Purchase Order Customer.

  • If a Streamline Period is not in effect, the Finance Charge is payable (i) with respect to an Eligible Account, when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof and (ii) with respect to an Eligible Purchase Order, upon the earlier of (a) such Eligible Purchase Order becoming an Eligible Account or otherwise ceasing to be an Eligible Purchase Order or (b) the date one hundred twenty (120) days after the date of such Eligible Purchase Order.

  • Borrower will deliver an Invoice Transmittal for each Eligible Account it offers and a Purchase Order Transmittal for each Eligible Purchase Order it offers.

  • Notwithstanding the foregoing, the aggregate amount of (A) Advances made based upon Placeholder Invoices, plus (B) the Term Loan, may exceed Five Million Dollars ($5,000,000.00) but may not exceed Ten Million Dollars ($10,000,000.00) when Borrower has fulfilled and collected on at least Two Million Five Hundred Thousand Dollars ($2,500,000.00) of purchase orders issued by each Eligible Purchase Order Customer.


More Definitions of Eligible Purchase Order

Eligible Purchase Order. A binding Purchase order issued by a Buyer to the Debtor which specifies the terms, description of the Pre-sold Goods, quantity, and price of such order.
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Eligible Purchase Order means a valid and enforceable purchase order contract between a Loan Party as purchaser and the counterparty to such purchase order contract as seller, the subject of which purchase order contract is the sale to a Loan Party of Tracking Units. No purchase order contract shall be deemed to be an Eligible Purchase Order unless (i) it is entered into by a Loan Party for the purpose of enabling such Loan Party to fulfill the Tracking Unit requirements contained in a Valid Lease Agreement then in effect; and (ii) such Valid Lease Agreement (A) does not permit the lessee thereunder to cancel or terminate such Agreement at will and (B) contains a leasing term applicable to the lease of the applicable Tracking Units to be purchased of not less than 12 months. Notwithstanding anything herein to the contrary, agreements in substantially the form of Lease Agreements set forth in Exhibits B(1), B(2) and B(3), and multi-agency contracts with terms (including leasing term and contract termination and cancellation provisions) substantially similar to the form of said Lease Agreements, shall be deemed to satisfy the requirements set forth in clauses (ii)(A) and (ii)(B) of this definition.
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Eligible Purchase Order means a purchase order (i) issued by a Seller to an Authorized Supplier for Equipment, (ii) for which such Seller has a Bona Fide Customer Order from an Eligible Obligor with an estimated shipping date or acceptance date within thirty (30) days of the date of such Bona Fide Customer Order, and (iii) for which the sale of the related Equipment to the Eligible Obligor will create an Eligible Account.
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Eligible Purchase Order means the Purchase Order Modification #4 (PO#052-004), dated October 4, 2019, by and between Customer, as the contractor, and Value Lighting, as the vendor, to perform certain work described as ACC – Flamingo Crossings, as such purchase order modification is in effect as of the date hereof and has approved and accepted by Secured Party in its sole and absolute discretion.
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Eligible Purchase Order means the Purchase Order Modification #4 (PO# 052-004), dated October 4, 2019, by and between Customer, as the contractor, and Value Lighting, as the vendor, to perform certain work described as ACC – Flamingo Crossings, as such purchase order modification is in effect as of the date hereof and has approved and accepted by Secured Party in its sole and absolute discretion.
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Eligible Purchase Order means a purchase order from a customer of Borrower received in the ordinary course of business of Borrower and which Lender, in its commercially reasonable discretion, shall deem to be an Eligible Purchase Order. A purchase order shall not be an Eligible Purchase Order unless it meets the following specifications: (i) the Account that will arise from performance of such purchase order by Borrower will be valid and enforceable representing the undisputed indebtedness of an Account Debtor; (ii) the Account that will arise from performance of such purchase order by Borrower will not be subject to any defense, set-off, or counterclaim, deduction, discount, credit, chargeback, freight claim, allowance or adjustment of any kind; (iii) no notice of the bankruptcy, receivership, reorganization, liquidation, dissolution, or insolvency of the applicable Account Debtor has been received by Lender or Borrower; (iv) the applicable Account Debtor is not a Subsidiary or Affiliate of Borrower; (v) the purchase order does not represent a sale pursuant to a government contract unless Borrower has complied, for the benefit of Lender, with the Federal Assignment of Claims Act or comparable state law; (vi) the applicable Account Debtor has its principal place of business or executive office inside the United States or Canada, unless the payment of any related Account is guaranteed by an irrevocable letter of credit satisfactory to Lender or by credit insurance satisfactory to Lender; (vii) the underlying transaction complies in all respects with all applicable laws, rules and regulations of any Governmental Authority; (viii) the purchase order directs the applicable Account Debtor to make payment directly to a Blocked Finance Account; (ix) the applicable Account Debtor is not determined by Lender, in its reasonable discretion, not to be creditworthy at the time the related Revolving Advance is to be made; and (x) each representation or warranty made in this Agreement as to the applicable Account Debtor or purchase order is true and correct.
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Related to Eligible Purchase Order

  • IITK Purchase Order means the IITK’s official Purchase Order document;

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.

  • Purchase Order means the form or format a Customer uses to make a purchase under the Contract (e.g., a formal written purchase order, electronic purchase order, procurement card, contract or other authorized means).

  • The Purchase Order means the order placed by the Purchaser on the Supplier signed by the Purchaser including all attachments and appendices thereto and all documents incorporated by reference therein. The purchase order shall be deemed as "Contract" appearing in the document.

  • Purchase Order (PO) means a written offer made by a purchaser to a supplier formally stating the terms and conditions of a proposed transaction.

  • Eligible Purchaser means an Eligible Dealer or a corporation, partnership or other entity which we have reasonable grounds to believe and do believe can make representations with respect to itself to substantially the same effect as the representations set forth herein; "Eligible Dealer" means any corporation or other entity having as a principal business acting as a broker or dealer in securities.

  • Purchase Order Number means the Customer’s unique number relating to the supply of the Services;

  • Purchase Orders means official orders issued by an operating division of Transnet to the Supplier/Service Provider for the supply of Goods or Services;

  • Firm Order shall have the meaning set forth in Section 5.2.

  • Eligible pupil means a pupil who has been expelled from school under the mandatory expulsion provisions in section 1311 or 1311a of the revised school code, MCL 380.1311 and 380.1311a, a pupil who has been suspended or expelled from school under a local policy, a pupil who is referred by a court, a pupil who is pregnant or is a parent, a pupil who was previously a dropout, or a pupil who is determined by the district to be at risk of dropping out.

  • Eligible Product means, instead of the definition in FAR 25.003—

  • Advance shipment notice means an electronic notification used to list the contents of a shipment of goods as well as additional information relating to the shipment, such as passive radio frequency dentification (RFID) or item unique identification (IUID) information, order information, product description, physical characteristics, type of packaging, marking, carrier information, and configuration of goods within the transportation equipment.

  • Submitted Sell Order has the meaning specified in Section 11.10(d)(i) below.

  • Eligible Products collectively means certain Dell and Dell EMC hardware, software product(s) and services related to the Dell Technologies Client Solutions Group (“CSG”) and Infrastructure Solutions Group (“ISG”) lines of business in the product categories (each an “Eligible Product Category”). A detailed list of Eligible Products in each eligible Product Category may be found at: https://www.dellemc.com/resources/en-sg/auth/asset/quick-reference-

  • Firm Order Confirmation or "FOC" means the notice CenturyLink provides to CLEC to confirm that CLEC's Local Service Order (LSR) has been received and has been successfully processed. The FOC confirms the schedule of dates committed to by CenturyLink for the Provisioning of the service requested.

  • Definite quantity contract means a fixed price contract that provides for a

  • Back Ordered Products If product is not expected to ship within the time provided to the TIPS Member by the Vendor, the Member is to be notified within 3 business days and appropriate action taken based on customer request. TIPS Vendor Agreement Signature Form RFP 200401 Food Service Equipment, Chemicals, Supplies and Services Parts Town, LLC dba Heritage Food Service Group, LLC Company Name Address 0000 Xxxxxxxxx Xxxx City Fort Xxxxx State IN Zip 46808 Phone 000-000-0000 Fax 000-000-0000 Email of Authorized Representative XxxxxxxxXxxxxxxx@xxxx.xxx Name of Authorized Representative Xxxx Xxxxxx Title Customer Service Manager Signature of Authorized Representative 5/1/2020 TIPS Authorized Representative Name TIPS Authorized Representative Signature Approved by ESC Region 8 Date пͿлмͿлйлй TIPS VENDORS RESPOND TO ATTRIBUTE QUESTIONS AS PART OF TIPS COMPETITIVE SOLICITATION PROCESS. THE VENDOR’S RESPONSES TO ATTRIBUTE QUESTIONS ARE INCLUDED HEREIN AS “SUPPLIER RESPONSE.” PLEASE BE ADVISED THAT DEVIATIONS, IF ANY, IN VENDOR’S RESPONSE TO ATTRIBUTE QUESTIONS MAY NOT REFLECT VENDOR’S FINAL ATTRIBUTE RESPONSE, WHICH IS SUBJECT TO NEGOTIATIONS PRIOR TO AWARD. PLEASE CONTACT THE TIPS OFFICE AT 866-839- 8477 WITH QUESTIONS OR CONCERNS REGARDING VENDOR ATTRIBUTE RESPONSE DEVIATIONS. PLEASE KEEP IN MIND THAT TIPS DOES NOT PROVIDE LEGAL COUNSEL TO MEMBERS. TIPS RECOMMENDS THAT YOU CONSULT YOUR LEGAL COUNSEL WHEN EXECUTING CONTRACTS WITH OR MAKING PURCHASES FROM TIPS VENDORS. Number: 200401 Addendum 1 Title: Food Service Equipment, Chemicals, Supplies and Services Type: Request for Proposal Issue Date: 4/2/2020 Deadline: 5/15/2020 03:00 PM (CT) Address: Region 8 Education Service Center 0000 XX Xxxxxxx 000 Xxxxx Xxxxxxxxx, XX 00000 Phone: +0 (000) 000-0000 Email: xxxx@xxxx-xxx.xxx Address: 0000 Xxxxxxxxx Xxxx Xxxx Xxxxx, IN 46808 Phone: (000) 000-0000 Fax: (000) 000-0000 Toll Free: (000) 000-0000 By submitting your response, you certify that you are authorized to represent and bind your company.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Product Schedule means the “Product Schedule” that forms part of the Contract.

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Repurchase Request Recipient As defined in Section 2.03(g).

  • Qualified vendor means a vendor who:

  • Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or

  • Eligible Finished Goods Inventory means all Finished Goods Inventory that is Eligible Inventory.

  • Delivery Schedule means the schedule for the delivery of Services as set forth in attached Annex 3.

  • Letter of Acceptance (LOA) means the written notice issued by JMRC to the selected bidder(s) intimating the acceptance of selected bidder's Proposal for the award of License;