Receivable Purchase Agreements definition
Examples of Receivable Purchase Agreements in a sentence
The Borrower shall not acquire any Receivables or other property other than as expressly permitted hereunder and pursuant to the Receivable Purchase Agreements.
In the event that a new Subsidiary is formed, any Management Services Agreements and Accounts Receivable Purchase Agreements binding such Subsidiary shall be included within the terms of this affirmative covenant.
The Borrower will and will cause each Subsidiary to do all things necessary to maintain and keep in full force and effect and to enforce compliance with the Management Services Agreements and the Accounts Receivable Purchase Agreements.
There shall be a single aggregate deferred purchase price (the “Aggregate Deferred Purchase Price”) calculated in connection with the sale of all or a portion of the Receivable pursuant to the Receivable Purchase Agreements (including the sale of the Purchased Receivable pursuant to this Agreement).
In the event that a new Subsidiary is formed, any Management Services Agreements and Accounts Receivable Purchase Agreements binding such Subsidiary shall be included within the terms of this representation and warranty.
No MidMark Creditor shall take any action to foreclose or realize upon the Laurus Senior Collateral until such time as the Laurus Obligations shall have been paid in full in cash and the Accounts Receivable Purchase Agreements shall have been irrevocably terminated.
There shall be a single aggregate deferred purchase price (the “Aggregate Deferred Purchase Price”) calculated in connection with the sale of all or a portion of the Receivable pursuant to the Receivable Purchase Agreements (including the sale of the Purchased Receivable and the Series F Receivable pursuant to this Agreement and the Series F Agreement, respectively).
For the avoidance of doubt, in the event that the dollar amount of the Collections is less than the dollar amount of the aggregate Funded Amount under the Receivable Purchase Agreements, the Collections shall be allocated pro rata between the amounts due in respect of the Series F Receivable and the Receivable Balance.
In the performance of its duties for Lender and Borrower, unless otherwise specifically provided herein, Servicing Agent shall comply fully with the terms of all Pledged Notes Receivable, Purchase Agreements, and related documents and instruments.
The above Management Services Agreements and the Accounts Receivable Purchase Agreements are valid, binding and enforceable against the parties thereto.