Purchase Sublimit means, with respect to each Account Debtor, the dollar amount set forth on Schedule II to this Agreement as the “Purchase Sublimit,” as such Schedule may be modified or supplemented from time to time, as approved in advance by the Buyer in writing in its sole and absolute discretion.
Purchase Sublimit means, with respect to each Account Debtor, the dollar amount set forth on Schedule II to this Agreement as the “Purchase Sublimit,” 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. “Purchased Receivables” has the meaning set forth in Section 1(a) hereof. “Receivable” means any right to payment of a monetary obligation, whether or not earned by performance, owed to any Seller or the Buyer (as assignee of Seller) by an Account Debtor, whether constituting an account, instrument, document, contract right, chattel paper, payment intangible or general intangible, in each instance arising in connection with the sale of goods that have been or are to be sold or for services rendered or to be rendered, and includes, without limitation, the obligation to pay any finance charges, fees and other charges with respect thereto, together with the Seller’s rights in all Related Security with respect thereto, and with respect to each of the foregoing, all Collections and proceeds thereof. Any such right to payment arising from any one transaction, including any such right to payment represented by an individual invoice or agreement, shall constitute a Receivable separate from a Receivable consisting of any such right to payment arising from any other transaction. “Reconciliation Report” has the meaning set forth in Section 4(g). “Related Security” means, with respect to any Receivable:
Purchase Sublimit means, with respect to each Account Debtor, the dollar amount set forth on Schedule II to this Agreement as the Purchase Sublimit, as such Schedule may be modified or supplemented from time to time (i) upon request of the Sellers, as approved in advance by the Administrative Agent and the Buyers in writing in their sole and absolute discretion in accordance with the terms of this Agreement or (ii) as otherwise provided in this Agreement.
Examples of Purchase Sublimit in a sentence
For Revolving Sublimit and Installment Purchase Sublimit, when calculating the Interest for using the Loan, the actual number of days per month (according to the calendar) is taken into account, with the year being taken as equal to three hundred and sixty calendar days.
Purchases of several goods, works or services within the Installment Purchase Sublimit cannot exceed fifty purchases.
More Definitions of Purchase Sublimit
Purchase Sublimit. With respect to any Account Debtor, the dollar amount as agreed upon by Seller Representative and Purchaser with respect to such Account Debtor.
Purchase Sublimit. The dollar amount set forth in Schedule I or Schedule II hereto with respect to the applicable Account Debtor.
Purchase Sublimit has the meaning set forth in Section 2.1.5.
Purchase Sublimit. The dollar amount concentration limits set forth in Schedule II hereto with respect to the applicable Account Debtor.