Ongoing Maintenance Accounts

Example Definitions of "Ongoing Maintenance Accounts"
Ongoing Maintenance Accounts. Means Accounts of any Obligor for annual maintenance or other services other than (a) such Accounts that were included as part of bundled payments that relate not only to annual maintenance or other services but also to license fees, where a Junior Creditor purchased such bundled payment, and (b) such Accounts for annual maintenance or other services as are capable of being specifically calculated from the terms of the contracts (as amended through the date hereof) or initial invoices relating... to such Accounts where it is clear from the subject transaction documents that a Junior Creditor, in addition to the purchase of Accounts, if any, arising from license fees owing to an Obligor as reflected in such contract (as amended through the date hereof) or initial invoice, purchased such Account relating to annual maintenance or other services by giving value to any such Obligor in an amount consistent with other purchases of Accounts by Junior Creditors. Without limiting the generality of the foregoing, "Ongoing Maintenance Accounts" shall include indeterminate future Accounts for annual maintenance or other services with respect to which value was not advanced by a Junior Creditor, and shall not include Accounts for annual maintenance or other services where it is clear from the transaction documents that a Junior Creditor purchased such Accounts by giving value to any such Obligor in an amount consistent with other purchases of Accounts by Junior Creditors. View More Arrow
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