Financed Receivables definition

Financed Receivables are all those Eligible Accounts, including their proceeds which Bank finances and makes an Advance, as set forth in Section 2.1.

Financed Receivables are all those Eligible Accounts, including their proceeds which Bank finances and makes an Advance, as set forth in Section 2.1.1 of this Agreement. A Financed Receivable stops being a Financed Receivable (but remains Collateral) when the Advance made for the Financed Receivable has been fully paid.

Financed Receivables are all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds, including their proceeds (collectively "receivables"), which Bank finances and make an Advance. A Financed Receivable stops being a Financed Receivable (but remains Collateral) when the Advance made for the Financed Receivable has been finally paid.

Examples of Financed Receivables in a sentence

• Notwithstanding the above, the Indenture Trustee shall, if it shall be unwilling or legally unable so to act, appoint or petition a court of competent jurisdiction to appoint any established institution having a net worth of not less than $25,000,000 and whose regular business shall include the servicing of receivables similar to the Financed Receivables, as the successor to the Servicer under this Agreement.

• The aggregate face amount of all Financed Receivables outstanding at any time may not exceed the Facility Amount.

• After each Reconciliation Period, Bank will provide an accounting of the transactions for that Reconciliation Period, including the amount of all Financed Receivables, all Collections, Adjustments, Finance Charges, Collateral Handling Fee and the Facility Fee.

• In addition, any amounts advanced hereunder which are not based on Financed Receivables (including, without limitation, unpaid fees and Finance Charges as described in Section 2.2) shall accrue interest at the Default Rate and be secured by the Collateral.

• The aggregate amount of all Financed Receivables outstanding at any time may not exceed the Facility Amount.

More Definitions of Financed Receivables

Financed Receivables are all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds, including their proceeds (collectively “receivables”), which Bank finances and make an Advance. A Financed Receivable stops being a Financed Receivable (but remains Collateral) when the Advance made for the Financed Receivable has been finally paid.

Financed Receivables are all those Eligible Foreign Accounts, Aggregate Eligible Foreign Accounts and Exim Inventory Placeholder Invoices, including their proceeds which Bank finances and makes an Advance, as set forth in Section 2.1.

Financed Receivables are Receivables which Bank finances by making an Advance in accordance with the terms of this Agreement. A Financed Receivable stops being a Financed Receivable (but remains Collateral) when the Advance made for the Financed Receivable has been finally paid.

Financed Receivables means all receivables against which advances are made to Debtor under the Note.

Financed Receivables are all those Eligible Accounts and, prior to the occurrence of the Sale Event, Aggregate Eligible Accounts, including their proceeds which Bank finances and makes an Advance, as set forth in Section 2.1.

Financed Receivables means all currently existing and hereafter arising accounts receivable, contract rights, general intangibles and all other forms of obligations providing security to Borrower for the lending of money to Payees, and any and all credit insurance, guaranties, or security therefor.

Financed Receivables are all Receivables, which Bank has accepted and against which Bank has made an Advance. A Financed Receivable stops being a Financed Receivable (but remains Collateral) when the Advance made against the Financed Receivable has been paid in full.