Factoring Payables definition
Factoring Payables means any payables or other liabilities in respect of factoring or other supply chain financing arrangements either owed by a Group Company to any member of the Retained Group (including Telefonica Factoring S.A.) or pursuant to a focus factoring arrangement under which there is an explicit financial cost to the relevant Group Company;
Examples of Factoring Payables in a sentence
Schedule 5.24(a) contains a true and complete list of all Intercompany Factoring Receivables and Intercompany Factoring Payables (including amounts, third party customers and due dates) as of August 31, 2009, which Schedule will be updated on the Closing Date to reflect all Intercompany Factory Receivables and Intercompany Factoring Payables outstanding as of the Closing Date.