German Receivable definition
Examples of German Receivable in a sentence
The German Seller and the Purchaser agree that the Collateral Security shall in the case of each Assigned German Receivable only be provided to secure the payment of the relevant Assigned German Receivable with respect to which such Collateral Security was provided.
The German Seller hereby agrees that the Invoice pertaining to an Assigned German Receivable may be accessed by the Purchaser to the extent necessary for the transfer and enforcement of title or the relevant right in rem.
Without prejudice to the foregoing, in case that the underlying Contract of a Assigned German Receivable provides for an extended retention of title (any form of verlängerter or erweiterter Eigentumsvorbehalt or Verarbeitungsvorbehalt), the German Seller hereby offers to assign to the Purchaser, and the Purchaser accepts such assignment, including without limitation, the claim of the relevant Debtor against its customers arising out of the sale of the assets sold to the customers by such Debtor.
Upon request by the Master Servicer, AGCO Germany shall use reasonable endeavours to extend, amend or otherwise modify the terms of any German Receivable or any Contract in accordance with the Credit and Collection Policy.
Within the context of the trade receivables securitisation program (the "Program"), and in accordance with a German receivables purchase agreement (the "German Receivable Purchase Agreement") dated 10 December 2004 entered into between, in particular, ESTER, Dunlop Tyres Ltd.
The German Seller hereby offers to assign to the Purchaser each Offered Receivable accepted for purchase by the Purchaser pursuant to Clause 3.1 and the Purchaser hereby accepts such assignment (each Offered Receivable so offered and accepted being referred to herein as an Assigned German Receivable).