Purchased Accounts definition

Purchased Accounts. Accounts purchased hereunder which have not been Closed.

Purchased Accounts means all Accounts identified on any Schedule of Accounts delivered by Seller to Purchaser which Purchaser elects to purchase and for which Purchaser makes an Advance, and all monies due or to become due thereunder.

Purchased Accounts means the Private Label Accounts and Co-Branded Accounts existing as of the Closing Date and purchased by Bank pursuant to the Purchase Agreement.

Examples of Purchased Accounts in a sentence

• The Customer shall pay WFBC a fully earned fee equal to the product of the WFBC Discount multiplied by the aggregate Outstanding Balance of the Purchased Accounts (the “WFBC Discount Fee”).

• Seller shall be liable for any deficiency in the event the Obligations exceed the amount of Purchased Accounts and the other Collateral.

• Report participation loans purchased without recourse.Total Purchased (Accounts 619A3, 619B, 690A, and 690)‌This line does not require input and will automatically populate when the Call Report is submitted with the sum of items 2a and b for each column.

• At the request of Purchaser, Seller and Purchaser shall jointly notify each Account Debtor by letter that Purchased Accounts owed by such Account Debtor have been assigned and are payable to Purchaser.

• WFBC or its agent may, at any time and from time to time, send or require the Customer to send requests for verification of Purchased Accounts (including amounts owed to the Customer) to Account Debtors and other obligors or, so long as an Event of Termination has occurred and is continuing, notices of assignment to Account Debtors and other obligors.

More Definitions of Purchased Accounts

Purchased Accounts shall have the meanings set forth in Section 3.01(a).

Purchased Accounts means an Account which is deemed acceptable for purchase as determined by FGI in the exercise of its reasonable sole credit or business judgment and for which FGI has made payment of the sum specified in Section 3 constituting FGI’s acceptance of an Account.

Purchased Accounts has the meaning set forth in the Recitals.

Purchased Accounts has the meaning set forth on page 1.

Purchased Accounts means those Accounts of Persons engaged in the business of providing temporary employment personnel to clients, which Accounts have been purchased by Borrowers from such Persons in the ordinary course of Borrowers' business.

Purchased Accounts means those certain private label credit card accounts related to Company which Bank and Company’s existing private label credit card program provider, Spirit of America National Bank, have agreed upon in their Purchase Agreement as eligible accounts.

Purchased Accounts shall have the meaning set forth in Paragraph l(a) hereof.