Purchased Account definition

Purchased Account and “Purchased Accounts” shall have the meanings set forth in Section 3.01(a).

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Purchased Account. An Account purchased by Purchaser which is not Closed.

Purchased Account means an Account that has been purchased by Summit pursuant to ▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇ of Accounts.

Examples of Purchased Account in a sentence

• Seller shall notify Purchaser promptly of and, if requested by Purchaser, will settle all disputes concerning any Purchased Account, at Seller's sole cost and expense.

• In the event any Goods, the sale of which gave rise to a Purchased Account, are returned to or repossessed by Seller, such Goods shall be held by Seller in trust for FGI, separate and apart from Seller’s own property and subject to FGI’s sole direction and control.

• Seller hereby sells, transfers, conveys and assigns to FGI all of its right, title and interest in and to each Purchased Account effective at the time of acceptance thereof by FGI.

• In lieu of such fractional shares of Common Stock, the Company shall pay to the registered holders of Rights, with regard to which such fractional shares of Common Stock would otherwise be issuable, an amount in cash equal to the same fraction of the value of a whole share of Common Stock.

• The Customer will not make any change in the character of its business that could (a) result in a Material Adverse Effect or (b) result in a Purchased Account becoming an Unacceptable Account.

More Definitions of Purchased Account

Purchased Account shall have the meaning set forth in the Receivables Purchase Agreement, the Factoring Agreement or the Receivables Financing Agreement, as applicable.

Purchased Account means, from and after the Transfer Date, an Eligible Account which is actually purchased by Purchaser pursuant to the terms of this Agreement.

Purchased Account means an Account purchased by Purchaser and not a Repurchased Account.

Purchased Account means, with respect to any Customer and any Billing Period, an Account that (a) has been approved by Factor pursuant to Section 4(e) pursuant to a Purchase Commitment, (b) is created during such Billing Period, (c) is evidenced by a Trading Account Invoice with respect to such Billing Period and (d) the dollar amount of which, together with all other Purchased Accounts of such Customer with respect to the Purchase Period in which such Purchased Account is purchased, does not exceed the Credit Limit of such Customer for such Purchase Period.

Purchased Account an Account which has been purchased by Crestmark from Client hereunder.

Purchased Account. An Account that has been sold or assigned to Purchaser pursuant to this Agreement.

Purchased Account means an Account existing as of the Closing Date and purchased by the Bank pursuant to the Purchase Agreement.