New Receivable definition

New Receivable means a Receivable originated by Pacific Pride Services, LLC, Comdata TN, Inc., Comdata Network Inc, of California or Comdata, Inc. (including Receivables repurchased from Comdata Receivables Inc.).
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New Receivable has the meaning described in Section 2 hereof.
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New Receivable as defined in Section 8.25. "Occupational Safety and Health Law" -- any Legal Requirement designed to provide safe and healthful working conditions and to reduce occupational safety and health hazards, and any program, whether governmental or private (such as those promulgated or sponsored by industry associations and insurance companies), designed to provide safe and healthful working conditions.
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Examples of New Receivable in a sentence

  • The Buyer agrees not to induce any customer to identify any payment as being in respect of a New Receivable, except in the event the Buyer reasonably determines to sell to said customer on a C.O.D. basis only.

  • Within three (3) business days following the delivery of each Escrow Statement, the Buyer shall notify the Seller and the Escrow Agent in writing (the "Buyer Notification") as to whether the funds deposited in the Lock Box were payments of a Closing Receivable or an account receivable from an account comprising the Closing Receivables generated post closing (a "New Receivable").

  • The assignment in respect of each English Existing Receivable, each English Existing New Receivable and each English Future Receivable hereunder shall take effect, upon Acceptance by the Purchaser, on and from the relevant Purchase Date irrespective of when the Purchase Price for such English Receivable is paid.

  • In the event of a breach with respect to a New Receivable of any of the representations and warranties set forth in Section 4.2, all Receivables with respect to the related Converted Account shall be designated as "Ineligible Receivables" and TCSI shall pay to the Buyer an amount in cash equal to the Purchase Price paid for any such Ineligible Receivables by the Buyer to TCSI plus any costs and expenses of the Buyer associated therewith less any amounts collected by the Buyer on such Receivables.

  • Buyer agrees not to induce any customer to identify any payment as being in respect of a New Receivable, unless Buyer reasonably decides to sell to that customer on a C.O.D. basis only.

  • HON agrees not to and to cause Panel Concepts not to induce any customer to identify any payment as being in respect of a New Receivable, except in the event Panel Concepts reasonably determines to sell to said customer on a C.O.D. basis only.

  • Each of the Sellers and the Stockholder agrees that it shall forward promptly to the Buyer any moneys, check or instruments received by any of them after the Closing Date with respect to the Accounts Receivable purchased by the Buyer pursuant to this Agreement and any account receivable arising out of the sale of inventory by the Buyer in the Ordinary Course of Business after the Closing Date (a "New Receivable").

  • Each of the Stockholder and the Sellers shall provide to the Buyer such reasonable assistance as the Buyer may request with respect to the collection of any such Accounts Receivable or New Receivable provided the Buyer pays the reasonable out-of-pocket expenses of the Sellers and the Stockholder incurred in providing such assistance.


More Definitions of New Receivable

New Receivable means a Receivable for which the related Obligor was not previously an obligor on another receivable originated by the Seller, Oportun, LLC or Pathward.
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New Receivable shall have the meaning assigned in Section 7.10(d).
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Related to New Receivable

  • Review Receivable has the meaning designated in Section 1.02 of the Asset Representations Review Agreement.

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or ▇▇▇▇ with respect thereto has not yet been sent to the Obligor thereof.