Offered Receivables definition
Examples of Offered Receivables in a sentence
Pursuant to the terms of the Agreement, the Seller hereby requests that the Purchaser purchase from the Seller the Offered Receivables listed on the Exhibit attached hereto with an aggregate Purchase Price of $[___________] on [date] (the “Purchase Date”).
The Offered Receivables List shall be used on the initial Purchase Date and each subsequent Purchase Date to determine in accordance with Clause 2.1(a) (Sale and Purchase of Receivables) which Receivables and their Related Security are sold and assigned and/or transferred to the Buyer.
The Italian Seller agrees that the Purchaser shall be entitled to assume without further enquiry that any action taken by the Seller’s Agent in connection with the Initial Offer Letter, any Offer Letter or the Offer to Sell contained therein, receipt of each Acceptance Letter to purchase the Offered Receivables, receipt of the Purchase Price, the making of payments or otherwise in connection with this Agreement, is duly authorised and undertaken on behalf of the Italian Seller.
Subject to the terms and conditions of this Sale Notice, each of [ó] and [ó] (each a “Seller”), as legal and beneficial owner of the Offered Receivables Originated by it, offers to sell and assign those Offered Receivables to the Buyer.
It will make or cause all disclosures made as required by applicable law, rule or regulation with respect to the sale of the Offered Receivables to the Purchaser and account for such sale in accordance with Generally Accepted Accounting Principles or International Financial Reporting Standards, as applicable, then in effect.
Each of the Obligor and the Company reconfirms and repeats that all representations, warranties set out in the Agreement are correct as at the date of this Purchase Request and as of the proposed Purchase Date in respect of the Offered Receivables referred to above and the Contracts relating to such Offered Receivables and the circumstances existing now and as of the proposed Purchase Date and that there is no further relevant material information of which the Bank should be made aware.
Pursuant to the Agreement, the Seller hereby requests that the Purchaser purchase from the Seller the Offered Receivables listed on the Exhibit attached hereto with an aggregate Purchase Price of $[___________] on [date] (the “Purchase Date”).
The Parties agree that the Purchaser shall pay the Purchase Price in respect of any and all Offered Receivables which it has accepted to purchase and in respect of which it has agreed to pay the Purchase Price under Clause 4.1 above by paying such Purchase Price on the Initial Settlement Date or the relevant Settlement Date, as the case may be, less any amount deducted by way of set-off in accordance with Clause 6.3, by wire transfer to the Depositor’s Account.
Offered Receivables Copies of relevant Contracts and copies of the Invoices referred to above will be forwarded to the Bank on request.
Except as expressly provided herein, the Transaction Documents and the terms and conditions set forth therein shall be equally applicable to sales and purchases of Offered Receivables during the Site Unavailability Period utilizing the terms set forth in this Section 10(b) and not fully utilizing the Site in the manner otherwise contemplated in the Transaction Documents.