Maximum Tenor definition
Maximum Tenor means, for Receivables of any Account Debtor, the number of days listed on Exhibit A as the Maximum Tenor (as such exhibit may from time to time be amended or replaced with the consent of the Seller Representative and ▇▇▇▇▇ Fargo).
Maximum Tenor means with respect to any Account Debtor, the “Maximum Tenor” specified for such Account Debtor on Schedule II to this Agreement, as such Schedule may be modified or supplemented from time to time, as agreed to in writing by the Sellers and the Buyer in their respective sole and absolute discretion. “MUFG Bank” has the meaning set forth in the preamble hereto. “MUFG Platform” means the Buyer’s communication tool accessible via the internet to enable clients to offer various Receivables for sale to the Buyer and for the loading approval and monitoring of such Receivables on a platform, the terms of use of which are set out in Annex I and are hereby incorporated herein. “Net Invoice Amount” means the amount of the applicable Purchased Receivable shown on the invoice for such Purchased Receivable as the total amount payable by the related Account Debtor (net of any Dilution, discounts, credits or other allowances shown on such invoice and agreed to prior to the Purchase Date). “Non-Alternative Margin Receivable” means any Purchased Receivable other than a Alternative Margin Receivable. “Non-Payment Report” has the meaning set forth in Section 4(h). “OFAC” means the Office of Foreign Assets Control of the U.S. Department of the Treasury. “Outstanding Purchase Amount” means, as of any time of determination and with respect to a Purchased Receivable, (x) the Net Invoice Amount for such Purchased Receivable, minus (y) the aggregate amount of all Collections with respect to such Purchased Receivable that have been deposited into the Buyer’s Account as of such time. When such term is used without reference to any specific Purchased Receivables, it shall constitute a reference to all Purchased Receivables. “Overdue Payment Rate” means 2% per annum over and above the highest Account Debtor Discount Rate in effect at such time. “PATRIOT Act” has the meaning set forth in Section 13(l). “Performance Guarantor” means any Person that has guaranteed the performance obligations of the Sellers under this Agreement. “Performance Guaranty” means a performance guaranty entered into by any Performance Guarantor in favor of the Buyer. Exhibit A-7 781742516 19632855
Maximum Tenor means, with respect to any Obligor, the period set forth in the column titled “Maximum Tenor” opposite the name of the such Obligor on the Obligor Schedule.
Examples of Maximum Tenor in a sentence
The Borrower shall ensure that the Gross Loan Amount together with all Interest accrued thereon is repaid within the maximum tenor that is stipulated in the fourth row of Schedule 3 of these Terms and Conditions from (and including) the date of disbursement of the Cash Advance or Mobile Asset Finance (the Maximum Tenor); and The Borrower shall be entitled to make any additional or enhanced repayments of the Loan Balance, without penalty, prepayment charges or prepayment fees.
In an event of rollover, the total tenor of the loan as rolled over shall not exceed the Maximum Tenor.
The Notice also contains entries for Permitted Currencies and Maximum Tenor of the Counterparty Transactions.
Maximum Tenor – the maximum future date of Crossed Cheques calculated in days from the date of notification to the Bank to the Crossed Cheques due date.
More Definitions of Maximum Tenor
Maximum Tenor means the maximum loan tenor which a MariBank Business Loan Holder is granted for each Credit Facility drawdown.
Maximum Tenor means, for any Designated Receivable, a remaining tenor to maturity not to exceed 90 days. “Processing Fees” means, $0.
Maximum Tenor means with respect to any Account Debtor, the “Maximum Tenor” specified for such Account Debtor on Schedule II to this Agreement, as such Schedule may be modified or supplemented from time to time, as agreed to in writing by the Sellers and the Buyer in their respective sole and absolute discretion. “MUFG Bank” has the meaning set forth in the preamble hereto. “MUFG Platform” means the Buyer’s communication tool accessible via the internet to enable clients to offer various Receivables for sale to the Buyer and for the loading approval and monitoring of such Receivables on a platform, the terms of use of which are set out in Annex I and are hereby incorporated herein. “Net Invoice Amount” means the amount of the applicable Purchased Receivable shown on the invoice for such Purchased Receivable as the total amount payable by the related Account Debtor (net of any Dilution, discounts, credits or other allowances shown on such invoice and agreed to prior to the Purchase Date). “Non-Payment Report” has the meaning set forth in Section 4(h). Exhibit A-7 750740423 19632855
Maximum Tenor means the maximum loan tenor which an eligible MariBank customer is granted for each Credit Facility drawdown.
Maximum Tenor has the meaning given to such term in Section 2.01(c)(i).