Extended Term Receivables means a Receivable with Invoice Payment Terms greater than 60 days.
Extended Term Receivables means a Receivable with Invoice Payment Terms greater than 90 days.
Extended Term Receivables has the meaning set forth in clause (q) of the definition of Eligible Receivable.
Examples of Extended Term Receivables in a sentence
Each Receivable included in the Net -------------------- Pool Balance as an Eligible Receivable on the date of any Purchase or Reinvestment was an Eligible Receivable on such date, and exclusions from the Net Pool Balance on account of Concentration Limits or Extended Term Receivables have been properly made on each such date.
More Definitions of Extended Term Receivables
Extended Term Receivables means each Receivable that has a due date which is more than 60 days after the original invoice date of such Receivable.
Extended Term Receivables means amounts due to members of the Group from: (i) Cirsa Italia S.P.A. for the supply of “VLT Hardware” pursuant to clause 2 of schedule 1 to the Supply, Licensing and Maintenance Agreement dated 20 November 2009 (set out in the Data Room at document reference 5.9.3.3), and in such case such amounts not to exceed Euros 3,039,870 in the aggregate; and (ii) Sceptre Leisure Solutions Limited, in connection with the Purchase Agreement effective as at 28 May 2010 (set out in the Data Room at document reference 5.9.1.53), and in such case such amounts not to exceed £2,733,145 in the aggregate, in each case where such amounts are in respect of supplies made by the Seller Group prior to Completion;
Extended Term Receivables means a Receivable which is due between 90 days and 120 days after the original invoice date thereof. “Facility Account” means Xxxxxxxx’s account no. 37235547964506003 at Xxxxx Fargo Bank, National Association, ABA # 000-000-000, Account Name: Xxxxx Fargo Bank, N.A., Reference Columbus XxXxxxxx XxxXx, LLC, or such other account as may be designated by Borrower in writing from time to time. “Facility Limit” means, at any time prior to the Facility Termination Date, the sum of the Commitments, as they may be amended from time to time in accordance with this Agreement. As of the Closing Date, the Facility Limit is $55,000,000. “Facility Termination Date” means the earlier of (i) the Contractual Maturity Date, and (ii) the Amortization Date. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantially comparable and not materially more onerous to comply with) any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered into in connection with the implementation of the foregoing. “Federal Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as amended, and any successor statute thereto. “Federal Funds Rate” means, for any day, (i) the rate per annum determined by the Federal Reserve Bank of New York based on federal funds transactions on such day (or, if such day is not a Business Day, for the immediately preceding Business Day) and published as the federal funds effective rate by the Federal Reserve Bank of New York on the Business Day next succeeding such day, or, (ii) if such rate is not so published for any day that is a Business Day, the rate otherwise established by the Administrative Agent in any reasonable manner as the rate per annum applicable to federal funds transactions (which in any event, with respect to clauses (i) and (ii) above, shall not be less than 0%). I-17 Credit and Security Agreement 756752741 23728593
Extended Term Receivables means a Receivable with Invoice Payment Terms greater than 60 days. 742891150 18589498 RECEIVABLES PURCHASE AGREEMENT
Extended Term Receivables means, on any date, Receivables as to which the payment terms are greater than 60 days of the original billing date but within 120 days of the original billing date therefor and has not had its payment terms extended.
Extended Term Receivables means and refer to those certain Receivables that Agent has deemed Eligible Receivables, in its good faith business judgment and based on such considerations as Agent may from time to time deem appropriate, in its good faith business judgment, after the end of the Modification Notice Period with respect thereto as applicable, which have extended payment terms that the Borrowers have granted to account parties thereon, and with the understanding that as of the date hereof the Customers relating to such Extended Term Receivables that are acceptable to Agent are set forth on Schedule 1.2.3 attached hereto together with such additional Customers as may be added to the Schedule from time to time with the Agent’s prior written consent (with all of such Receivables being deemed acceptable Extended Term Receivables as long as they are otherwise deemed Eligible Receivables hereunder), provided that in order to be and remain eligible for borrowing purposes hereunder, and without limitation of the foregoing determination by Agent as set forth above and as otherwise set forth in the provisions of the definition of the term Eligible Receivables hereinabove, such Receivables shall not remain unpaid more than 60 days after their due date and nor shall they remain unpaid more than 150 days from their invoice date, provided, further, any change after the date hereof with respect to the specific criteria that the Agent employs hereunder regarding the determination of Extended Term Receivables that are eligible for borrowing hereunder (but not with respect to the application of existing criteria and changes in borrowing availability that may result therefrom) shall not be effective until after Agent has given a Modification Notice and a Modification Notice Period has passed.
Extended Term Receivables set forth in Section 1.01 of the Note Purchase Agreement is amended by replacing the phrase “91 days” where it appears therein and substituting “136 days” therefor.