Examples of Factoring Documents in a sentence
The Lender reserves the right to terminate, withhold or withdraw the Facility irrespective of whether or not the Borrower has fulfilled the conditions precedent stated above or the Borrower has breached any of the terms and conditions of the Factoring Documents.
The Borrower agrees and declares it a condition of the Factoring Documents that it shall submit offers to the Lender in respect of all invoices of its Customers as and when such invoices come into existence.
The Lender may at any time assign to any one or more persons, firm or Borrower all or any part of the Lender’s rights, powers and benefits under the Factoring Documents without the consent of or reference to the Borrower and upon such assignment all the Lender’s rights, powers and benefits under the Factoring Documents shall inure to the benefit of the assignee.
As of April 29, 2004, the outstanding Accounts in respect to the obligations of Seller to Purchaser under the Domestic Factoring Agreement was $1,476,177.21 plus attorneys fees incurred by Purchaser in connection with Seller’s default under the Factoring Documents.
Any notice or request under the Factoring Documents shall be given to any party to the Factoring Documents at the party’s place of business or registered office or last known address, or at such other address as such party may specify in a notice given in the manner required under this Clause 26 (Notices).