Purchased Account definition

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

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

Purchased Account means an Account that has been purchased by Summit pursuant to Xxxxxxx 0, Xxxxxxxx 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.

• The Customer will (a) take all steps reasonably necessary or reasonably requested by WFBC to (i) ensure payment of all Purchased Accounts and the Related Rights with respect thereto by the Account Debtors and (ii) defend the title of WFBC to each Purchased Account and the Related Rights with respect thereto and the proceeds thereof against the claims of all other Persons and (b) consult with WFBC with respect to any actions taken pursuant to clause (a) hereof.

• Purchaser shall have the right to endorse Seller's name on all payments received in connection with each Purchased Account and on any other proceeds of Collateral.

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 existing as of the Closing Date and purchased by the Bank pursuant to the Purchase Agreement.

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

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

Purchased Account means an Account which is purchased by JPMCB Receivables Purchaser from time to time pursuant to the Receivables Purchase Agreement.

Purchased Account means an Account which is not directly originated by the Originator or an Eligible Originator but that is acquired by the Originator or an Eligible Originator from an unaffiliated third-party.