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Assignment of Factoring Proceeds and Intercreditor Agreement

Book Publication Date: Nov 2021
Description: Example of an agreement by which a third party (a bank) makes the advances to the borrower, secured by the factoring credit balance
Type: Contracts
PLI Item #: 40576
Practice Area: Asset-based lending, Bank loans, Banking and finance, Financing, Securitization, Structured finance

Keywords: "factoring agreement"; third party; bank; "purchase of accounts"; advances; borrower; factoring credit balance; loans; advances; bank of advances; net proceeds; accounts receivable; chargebacks; collateral security; "intercreditor agreement"

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