Extended Terms Accounts definition

Extended Terms Accounts means Accounts owing by the Account Debtors listed on Part B of Schedule 1.12 and designated therein as Extended Terms Account Debtors.

Extended Terms Accounts means Accounts with payment terms of more than 30 days.

Extended Terms Accounts means Accounts with payment terms of more than 30 days. “Extraordinary Advances” has the meaning specified therefor in Section 2.3(d)(iii) of the Agreement. “Extraordinary Floorplan Advances” has the meaning specified therefor in Section 2.3(d)(iii) of the Agreement. “Extraordinary Revolver Advances” has the meaning specified therefor in Section 2.3(d)(iii) of the Agreement. “Extraordinary Receipts” means (a) so long as no Event of Default has occurred and is continuing, proceeds of judgments, proceeds of settlements, or other consideration of any kind received in connection with any cause of action or claim, and proceeds of business interruption insurance, and (b) if an Event of Default has occurred and is continuing, any payments received by Borrowers or any of its Subsidiaries not in the ordinary course of business (and not consisting of proceeds described in Section 2.4(e)(ii) of the Agreement) consisting of (i) proceeds of judgments, proceeds of settlements, or other consideration of any kind received in connection with any cause of action or claim, and proceeds of business interruption insurance, (ii) indemnity payments (other than to the extent such indemnity payments are immediately payable to a Person that is not an Affiliate of Borrowers or any of its Subsidiaries), and (iii) any purchase price adjustment received in connection with any purchase agreement. “FATCA” means Sections 1471 through 1474 of the IRC, as of the date of the Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. “FCPA” means the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. “Fee Letter” means that certain fee letter, dated as of even date with the Agreement, between Borrowers and Agent, in form and substance reasonably satisfactory to Agent. “Federal Funds Rate” means (a) the weighted average per annum interest rate on overnight federal funds transactions with members of the Federal Reserve System on the applicable day (or the preceding Business Day, if the applicable day is not a Business Day), as published by the Federal Reserve Bank of New York on the next Business Day; or (b) if the rate is not so published, the average per annum rate (rounded up to the nearest 1/8 of 1%) charged to Bank of America on the applicable day on such transactions, as determined by Agent; provided, that...

Examples of Extended Terms Accounts in a sentence

• In exchange for extended payment terms, you agree to pay (a) with regard to Extended Terms Accounts, a fee equal to 1% of transaction value (the total amount charged for merchandise sold, including any related services as reflected on the data transmitted to BlueTarp, including any taxes, if applicable) of each transaction posted to your Account and (b) with regard to Super-Extended Terms Accounts, a fee equal to 2% of transaction value of each transaction posted to your Account.

• Payment of the entire balance (the “New Statement Balance”) is due in full by (a) for Extended Terms Accounts, the 20th day of the second subsequent month and (b) for Super-Extended Terms Accounts, the 20th day of the third subsequent month (each a “Payment Due Date”).

• Account Debtor: a Person obligated under an Account, Chattel Paper or General Intangible.Accounts Formula Amount: 85% of the Value of Eligible Accounts; provided, that (a) no greater than $10,000,000 of the Accounts Formula Amount may be derived from Eligible Extended Terms Accounts, and (b) no greater than $10,000,000 of the Accounts Formula Amount may be derived from Eligible U.S. Government Accounts.

More Definitions of Extended Terms Accounts

Extended Terms Accounts means Accounts Receivable which by their terms are payable more than thirty (30) days, but not more than one-hundred eighty (180) days, after the invoice date thereof. 1.70 Farmland Companies: means, collectively, Borrower and each Restricted Subsidiary. 1.71 Farmland Companies' Average Senior Debt: means the sum of the Farmland Companies' Senior Debt as measured at and as of the end of each of the previous consecutive four (4) Fiscal Quarters, divided by four. 1.72 Farmland Companies' Average Total Capitalization: means the sum of Farmland Companies' Total Capitalization as measured at and as of the end of each of the previous consecutive four (4) Fiscal Quarters, divided by four. 1.73 Farmland Companies' Average Total Debt: means the sum of the Farmland Companies' Total Debt as measured at and as of the end of each of the previous consecutive four (4) Fiscal Quarters, divided by four.

Extended Terms Accounts means Accounts with payment terms of more than 30 days. “Extraordinary Advances” has the meaning specified therefor in Section 2.3(d)(iii) of the Agreement. “Extraordinary Floorplan Advances” has the meaning specified therefor in Section 2.3(d)(iii) of the Agreement.

Extended Terms Accounts means Accounts and notes receivable created by any Loan Party from the lease or rental by such Loan Party of Rental Fleet Equipment with payment terms of more than 30 days.