Financed Receivable definition

Financed Receivable means a Receivable for which Lender makes an Advance pursuant to a Funding Request.

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Financed Receivable means a Receivable assigned under the Factoring Agreement, in relation with which the Factor has provided Factoring Operations, evidenced through a Financed Invoice.

Financed Receivable means an Account owing to EDS or any EDS Subsidiary (before its transfer to a Receivables Subsidiary), whether now existing or hereafter arising, together with all cash collections and other cash proceeds in respect of such Account, including all yield, finance charges or other related amounts accruing in respect thereof and all cash proceeds of Financed Receivable Related Security with respect to such Financed Receivable.”

Examples of Financed Receivable in a sentence

• Collections will be credited to the Financed Receivable Balance for such Financed Receivable, but if there is an Event of Default, Bank may apply Collections to the Obligations in any order it chooses.

• This fee is charged on a daily basis which is equal to the Collateral Handling Fee divided by 30, multiplied by the number of days each such Financed Receivable is outstanding, multiplied by the outstanding Financed Receivable Balance.

• The Collateral Handling Fee is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof.

• The Finance Charge is payable when the Advance made based on such Financed Receivable is payable in accordance with Section 2.3 hereof.

• If Bank receives a payment for both a Financed Receivable and a non-Financed Receivable, the funds will first be applied to the Financed Receivable and, if there is no Event of Default then existing, the excess will be remitted to Borrower, subject to Section 2.2.7.

• All covenants, representations and warranties made in this Agreement continue in force while any Financed Receivable amount remains outstanding.

• Borrower will pay a finance charge (the “Finance Charge”) on each Financed Receivable which is equal to the Applicable Rate divided by 360 multiplied by the number of days each such Financed Receivable is outstanding multiplied by the outstanding Financed Receivable Balance.

• Unless the Advance for the disputed Financed Receivable is repaid in full, Lender shall have the right, at any time, to take possession of any rejected, returned, or recovered personal property.

• Lender shall have, with respect to any goods related to the Financed Receivable, all the rights and remedies of an unpaid seller under the California Uniform Commercial Code and other applicable law, including the rights of replevin, claim and delivery, reclamation and stoppage in transit.

• When Bank makes an Advance, the receivable becomes a "Financed Receivable." All representations and warranties in Section 6 must be true as of the date of the Invoice Transmittal and of the Advance and no Event of Default exists would occur as a result of the Advance.

More Definitions of Financed Receivable

Financed Receivable means a Receivable for which Lander makes an Advance pursuant to a Funding Request.

Financed Receivable means any Receivable listed on a Receivables Report delivered by or on behalf of Funding to the Agent from time to time as a Financed Receivable. Each designation of a Receivable hereunder as a Financed Receivable shall be deemed to include the Contract under which such Receivable arose and all amounts payable under such Contract, whether or not earned at the time of such designation.

Financed Receivable means any Receivable listed on a Receivables Report delivered by or on behalf of RSPN to the Agent from time to time as a Financed Receivable.

Financed Receivable means, at any time, a Receivable owned by the Borrower at such time.