Receivables Advance definition

Receivables Advance means an Advance of the Receivables Loan advanced by Lender to Borrower from time to time in accordance with the terms and provisions of this Agreement. A Receivables Advance shall include an Availability Advance.
Sample 1Sample 2Sample 3
Receivables Advance. RATE" means 85%.
Sample 1Sample 2Sample 3
Receivables Advance means a cash advance pursuant to Section 2.1(a).
Sample 1

Examples of Receivables Advance in a sentence

  • Each Borrower consents to any such increases or decreases and acknowledges that decreasing the Receivables Advance Rate or increasing or imposing reserves may limit or restrict Advances requested by Borrowing Agent.

  • The Receivables Advance Rate may be increased or decreased by Agent at any time and from time to time in the exercise of its Permitted Discretion.

  • Agent shall give Borrower five (5) days prior written notice of its intention to decrease the Receivables Advance Rate.

  • If, at any time after Agent’s reduction of the Receivables Advance Rate, it is determined that there is no longer a Dilution Rate Increase, the Receivables Advance Rate shall be automatically restored to eighty-five percent (85%) so long as no Default or Event of Default is then existing, subject to further adjustment as provided above.

  • If a third party, including a potential purchaser of a Receivable, should inquire as to the status of the Receivables, Advance Purchaser shall promptly indicate to such third party that the Receivables have been sold, assigned, transferred and conveyed and Advance Purchaser (except in accordance with Section 9(b)) shall not claim any right, title or interest (including, but not limited to ownership interest) therein.

  • The Receivables Advance Rate may be (i) increased by Agent at any time or from time to time in its sole discretion or (ii) decreased by Agent at any time and from time to time on account of any Dilution Rate Increase but in no event by more than the same percentage as such Dilution Rate Increase.

  • Borrower consents to any such increases or decreases and acknowledges that decreasing the Receivables Advance Rate or increasing or imposing reserves may limit or restrict Advances requested by Borrower.

  • Trade Receivables, Advance given and other receivables for rendering services SaPoL ` 2,076.46 Crore and RPTL ` 11.83 Crore.

  • Borrower acknowledges that the good faith exercise of Agent's discretionary rights hereunder may result during the Term in one or more increases or decreases in the Receivables Advance Rate and Borrower hereby consents to any such increases or decreases which may limit or restrict advances requested by Borrower.

  • ACCOUNTING FOR ACCOUNTS RECEIVABLE: Income statement & balance sheet Approach Analysis & Aging of Accounts Receivables Allowance Method for making Provisions Writeoff & Recovery of Accounts Receivables Advance from customers 3.


More Definitions of Receivables Advance

Receivables Advance means any advance made by the Lender hereunder in respect of Eligible Notes Receivable. RECEIVABLES BORROWING BASE -- means, at any time, the lesser of
Sample 1
Receivables Advance has the meaning set forth in Part 8(a)(ii).
Sample 1
Receivables Advance means an Advance by Lender against Receivables.
Sample 1
Receivables Advance means each cash advance made to Borrower by Lender pursuant to Section 1.1 of this Agreement based on Borrower’s Receivables.
Sample 1

Related to Receivables Advance

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Monthly P&I Advance An advance of funds by the Master Servicer pursuant to Section 4.02 or a Servicer pursuant to its Selling and Servicing Contract to cover delinquent principal and interest installments.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Receivables Pool means, at any time of determination, all of the then outstanding Receivables transferred (or purported to be transferred) to the Borrower pursuant to the Purchase and Sale Agreement prior to the Termination Date.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Receivables Program means, with respect to any Person, an agreement or other arrangement or program providing for the advance of funds to such Person against the pledge, contribution, sale or other transfer of encumbrances of Receivables Program Assets of such Person or such Person and/or one or more of its Subsidiaries.

  • Receivables Fee means distributions or payments made directly or by means of discounts with respect to any accounts receivable or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Facility.

  • Receivables Purchase Facility means any securitization facility made available to the Borrower or any of its Subsidiaries, pursuant to which receivables of the Borrower or any of its Subsidiaries are transferred to one or more SPCs, and thereafter to certain investors, pursuant to the terms and conditions of the Receivables Purchase Documents.

  • Monthly Advance The portion of each Monthly Payment that is delinquent with respect to each Mortgage Loan at the close of business on the Determination Date required to be advanced by the Company pursuant to Section 5.03 on the Business Day immediately preceding the Remittance Date of the related month.

  • Receivables Net Investment means the aggregate cash amount paid by the lenders or purchasers under any Permitted Receivables Financing in connection with their purchase of, or the making of loans secured by, Receivables Assets or interests therein, as the same may be reduced from time to time by collections with respect to such Receivables Assets or otherwise in accordance with the terms of the Permitted Receivables Documents (but excluding any such collections used to make payments of items included in clause (c) of the definition of Interest Expense); provided, however, that if all or any part of such Receivables Net Investment shall have been reduced by application of any distribution and thereafter such distribution is rescinded or must otherwise be returned for any reason, such Receivables Net Investment shall be increased by the amount of such distribution, all as though such distribution had not been made.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • P&I Advance means an advance made by a party to any Securitization Servicing Agreement in respect of a delinquent monthly debt service payment on the Note(s) securitized pursuant to such Securitization Servicing Agreement.

  • P&I Advance Date The Business Day immediately prior to each Distribution Date.

  • Servicing Advances All customary, reasonable and necessary "out of pocket" costs and expenses incurred in the performance by the Master Servicer of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any expenses reimbursable to the Master Servicer pursuant to Section 3.11 and any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Section 3.09.

  • Receivables Fees means distributions or payments made directly or by means of discounts with respect to any accounts receivable or participation interest therein issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Facility.

  • Nonrecoverable Servicing Advance Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Master Servicer, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Receivables Assets means accounts receivable (including any bills of exchange) and related assets and property from time to time originated, acquired or otherwise owned by the Borrower or any Subsidiary.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Equipment Advance is defined in Section 2.1.1.