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

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Blocked Accounts shall have the meaning set forth in Section 6.3 hereof.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Lender’s Account means the account identified in Schedule L-1.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Collection Accounts As defined in Section 3.10(a).

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Cash Management Account Bank and Lender providing for the exclusive control of the Cash Management Account and all other Subaccounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Series Accounts means, collectively, the Finance Charge Account, the Principal Account, the Principal Accumulation Account, the Distribution Account, the Reserve Account and the Spread Account.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Facility Account means the account numbered 0000000 maintained by Seller in the name of “PDC Funding Company, LLC” at JPMorgan, together with any successor account or sub-account.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Purchaser’s Account The account of the Purchaser at a bank or other entity most recently designated in a written notice by the Purchaser to the Sellers as the "Purchaser's Account."

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.