Transferred Receivable definition

Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

Transferred Receivable means any Sold Receivable or Contributed Receivable; provided, that any Receivable repurchased by an Originator thereof pursuant to Section 4.04 of the Sale Agreement shall not be deemed to be a Transferred Receivable from and after the date of such repurchase unless such Receivable has subsequently been repurchased by or contributed to the Borrower.

Transferred Receivable means any Receivable purchased by Buyer from Seller pursuant to this Agreement or any Assignment, including Principal Receivables and Finance Charge Receivables that exist at the time of purchase of any Principal Receivables in the same Account or that arise in an Account after the date of purchase of Principal Receivables in the Account. However, Receivables that are repurchased by Seller pursuant to this Agreement or purchased by Servicer pursuant to the Servicing Agreement shall cease to be considered “Transferred Receivables” from the date of such purchase.

Examples of Transferred Receivable in a sentence

• In addition, the ability of a Borrower to sell a Property at a price sufficient to repay the amounts outstanding under that Transferred Receivable will depend upon a number of factors, including the availability of buyers for that Property, the value of that Property and property values in general at the time.

• For the purpose of the Asset Cover Test and the Amortisation Test, the Net Outstanding Principal Balance of the relevant Transferred Receivable will be taken into account.

• If any of the Transferred Receivables have not come into existence at the time of their assignment to the Issuer under the Master Receivables Transfer Agreement or belong to another person than the Seller, the Issuer would not acquire title to such Transferred Receivable.

• Because during the long pendency of the instant litigation there is a considerable change in the law regarding the procedure governing the transfer of shares in companies by virtue of amendments in the Companies Act, 1956 and the advent of the Depositories Act, 1996 etc.

• If this happens, a Borrower may be allowed to set-off his receivable in respect of the Construction Deposit against the related Transferred Receivable.

More Definitions of Transferred Receivable

Transferred Receivable means any Receivable which is purchased by the Purchaser pursuant to Section 2.02.

Transferred Receivable means each Receivable purchased or otherwise acquired by Owner pursuant to the Second Tier Agreement, but excluding Receivables that have been repurchased by an Originator pursuant to the First Tier Agreement or assigned to Master Servicer pursuant to this Agreement.

Transferred Receivable means any Receivable which, pursuant to the ---------------------- procedure described in Section 2.02(d), has been identified as a Transferred Receivable.

Transferred Receivable means the Receivables which are transferred by the Transferor to the Administrative Agent (for the benefit of the Owners), pursuant to this Agreement and which are identified on Schedule II hereto, with respect to the Initial Receivables (as such Schedule II may be modified from time to time pursuant the updated Receivables Schedules to be delivered pursuant to Section 2.1(c)); provided, that if any Transferred Receivable is reconveyed to the Transferor or conveyed to the Servicer, in each case, as specified in Section 2.11, Section 2.12 or Section 2.13, as applicable, such Receivable shall no longer constitute a Transferred Receivable.

Transferred Receivable means any Receivable transferred from the Trust in accordance with Section 9.7 of the Master Collateral Agreement.

Transferred Receivable is defined in the Indenture.

Transferred Receivable means a Receivable that has been transferred by the Transferor to the Issuer under the Second Tier Agreement.