Examples of Supplier Receivable in a sentence
A bank, financial institution, financial intermediary or service provider that facilitates the Working Capital Finance Program that arranges the sale, assignment or transfer of the Confirmed Supplier Receivable to the Investor and administers payment.
As a condition of our Supplier/s being accepted for membership of Sancus Finance the College has agreed to provide to Sancus Finance (or Belvedere Security Limited (as security trustee)) Promissory Notes in relation to each and every Supplier Receivable which is auctioned over the Sancus Finance receivables trading platform, and in support of such Promissory Notes the College is required to execute a Letter of Undertaking in the form produced to the Meeting.
With respect to any Working Capital Finance Program, dilution risk refers to disputes or contractual provisions that may reduce the amount of the obligation owed by the Obligor to the Supplier under the original receivable or the obligation owed by the Obligor to the Finance Agent and/or Investor under the Confirmed Supplier Receivable.
The right to receive the payment associated with a Confirmed Supplier Receivable purchased by an Investor under a Working Capital Finance Program designated NAIC 1 or NAIC 2 by the SVO and is the subject of SSAP No. 105—Working Capital Finance Investments.