Examples of French Seller in a sentence
Any French Seller (or the Parent Company) shall be entitled to request in writing from the Factor any information or justification relating to any credit or debit entry.
Without prejudice to any and all recourse existing against the French Sellers, this rule shall apply in particular to all unsubstantiated or non-compliant Credit Notes, Credit Notes for which a written justification has not yet been provided by the relevant French Seller to the Factor five (5) Business Days following a request to that effect.
For the avoidance of doubt, this Clause 2.2. does not affect the right for a French Seller to grant Reductions or Cancellations Items in respect of a Transferred Receivable.
To the best of its knowledge, upon the relevant French Seller or the Parent Company becoming aware of the occurrence of an event occurring under this Clause 11.2 and constituting a Default, it shall promptly notify the Factor of the occurrence of such Default by sending a default notice to the Factor (the “Default Notice”).
Each of the French Sellers has well-proven administrative structures and methods for the management of its Receivables and the Parties agree that each French Seller should retain control of collection and cashing in respect of its Debtors.
The Agreement shall apply automatically to any Deed of Transfer delivered by each French Seller to the Factor.
In such case, the contractual percentage and/or threshold shall be immediately reconstituted with amounts resulting from the Assignments of new Transferred Receivables or, failing such Assignments, with cash transferred by the relevant French Sellers upon request from the Factor, it being understood that the relevant French Seller shall make the requested cash payment within five (5) Business Days from such request.
Upon termination of the Agreement with respect to a French Seller arising under Clause 11.2.2 or the withdrawal of a French Seller arising under Clause 11.3, the Parties agree to negotiate in good faith on any amendment to the Agreement or the Financing Facilities Documents which would be required or desirable to ensure the economic and financial parameters of the Transaction, as originally set out on the date of signature of the Agreement, are preserved.
Each French Seller (or the Factor, in the event of the revocation of the Mandates) shall be responsible for sending originals of the invoices to the Debtors.
Prior to any invoicing in connection with a contract entered into by a French Seller with the French public entity being the signatory of the public sector contract (marché public), each of the French Sellers agrees to assign to the Factor, pursuant to Articles L.