Agreement by which the Supplier transfers to the Factor its existing and/or future receivables to which law nr. 52/91 and/or the provisions of arts. 1260 and subsequent of the Civil Code are applicable; the Assignment includes each and every right and demand which the Supplier/Assignor might claim from the Debtor regarding the Receivable and each and every accessory right pertaining to the latter, including therein potential collateral, personal or insurance guarantees provided by the Debtor or by third parties in relation to the Assigned Receivables. In case of receivables claimed from the State Administration, the Assignments shall be drawn up as a public deed or private agreement authenticated by a notary.

Estimated turnover declared by the Supplier regarding a definite time-frame.

Amount equivalent to the face value of the Assigned Receivables net of the sums withheld by the Debtor, under any title whatever, in relation to prospective credit notes issued by the Supplier, discounts, rounding, price rebates, deductions, offsets and whatever else the Debtor, even without authorization, may withhold at the moment of payment.

Indicates the quantitative limit to the Factor’s assumption of the risk of Debtor’s default.

Date whereon the crediting or debiting of a sum of money is recognized and which is valid as effective date regarding interest expense.

Natural or legal person, Italian or foreign, private or public, liable for payment to the Supplier of one or more Receivables.

Rate applied for the delayed payment of a sum of money owed.

Indicates UniCredit Factoring S.p.A., or also, prospectively, the cross-border Factor or correspondent Company employed by UniCredit Factoring S.p.A for the performance of its services in the International field.

Fees, premiums and any other further consideration agreed between the Supplier and the Factor for the services rendered by the latter in the performance of the Factoring agreement.

Factor’s assumption of the insolvency risk pertaining to the Debtor subject to the determination of a maximum limit (Credit-limit) with respect to the amount of the Receivables for which the Factor intends to assume the risk.

Periodic remuneration owed to the Factor by the Supplier or by the assigned Debtor on account, respectively, of the advance payment of the consideration for the Receivable implemented by the Factor or of the granting by the latter of a payment extension relating to the debt.

Transaction by which the Assignor/Supplier obtains from the Factor payment for the Assigned Receivables at a pre-established and certain date (generally the natural maturity of the Receivable) and grants, if so agreed, a payment extension to the assigned customer/debtor for the stipulated term.

Factoring transactions in which the Factor waives the solvency guarantee pertaining to the Debtor provided by the Supplier and takes upon itself the risk of Debtor’s default.

Communication by which the Debtor is notified of the perfected Assignment of the Receivables claimed from it and pursuant to which payment of the foregoing Receivables will produce release only if implemented in favour of the Factor. Usually, the notification is carried out through an exchange of business correspondence, between private persons and by means of Bailiff with respect to public persons.

Total Receivables assigned and uncollected at a certain date.

Payment implemented, in due measure, by the Factor to the Supplier, with respect to the Consideration for the Assignment, at the moment of effective collection or of maturity of the assigned Receivables or, in case of assumption of the risk of Debtor’s insolvency, at the date agreed with the Supplier.

Reference index regarding the money market to which the fluctuation of the contractual rate is anchored.

Payment implemented, partially or in full, by the Factor to the Supplier, of the Consideration for the Assignment of Receivable, carried out at the Supplier’s request and the Factor’s discretion, before the maturity or collection date of the assigned Receivables.

Monetary receivables deriving or to be derived from agreements stipulated, or to be stipulated, by the Supplier in the performance of its company business and, therefore, the sums which the Supplier has the right to receive from the Debtor in payment for goods and/or services, in addition to whatever else may be owed by the latter under any other title.

Communication sent to the Factor by the assigned Debtor by which the latter confirms the regularity of the supplies received and therefore the certainty, liquidity and collectability of the Receivable and undertakes, moreover, to implement payment of the Receivables exclusively to the Factor.

The company which is counterpart to the Factor in the factoring agreement.

Overall amount of Assigned Receivables in a defined time-frame (monthly or annual).

Faculty contractually attributed to the Factor to withhold sums to offset its debts versus the Supplier with its own Receivables, whatever their capacity, claimed with respect to such Supplier, even if not yet liquid or collectible.

Factoring transactions in which the Factor does not waive the solvency guarantees pertaining to the Debtor and provided by the Supplier.