Deferred Payment Receivables Sample Clauses

Deferred Payment Receivables. As of the Initial Cutoff Date, $[ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Initial Cutoff Date, $[ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for a period of between 200 and 299 days. As of the Initial Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for a period of between 100 and 199 days. As of the Initial Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 days after the date of inception of that Receivable.
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Deferred Payment Receivables. As of the Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 200 and 299 days. As of the Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of between 100 and 199 days. As of the Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Receivables had a first payment that, as of the date of inception of the Receivables, was deferred for a period of 99 days or less.
Sample 1Sample 2
Deferred Payment Receivables. As of the Initial Cutoff Date, $448,142,723.25 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for 300 days or greater. As of the Initial Cutoff Date, $199,845,921.79 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for a period of between 200 and 299 days. As of the Initial Cutoff Date $10,742,362.31 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for a period of between 100 and 199 days. As of the Initial Cutoff Date $4,763,113.52 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for a period of 99 days or less. In no case will the first payment on a Deferred Payment Receivable be due later than 480 days after the date of inception of that Receivable.
Sample 1
Deferred Payment Receivables. As of the Initial Cutoff Date $__________total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a deferral period of between 13 and 15 months. As of the Initial Cutoff Date $ _______total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a deferral period of between 10 and 12 months. As of the Initial Cutoff Date $______ total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a deferral period of between 6 and 9 months. As of the Initial Cutoff Date $__________total Principal Balance of Deferred Payment Receivables had a deferral period of 90 days. All of the Subsequent Deferred Payment Receivables are ZZZ Receivables. No Deferred Payment Receivable is a Final Payment Receivable.
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Deferred Payment Receivables. Within three business days after the ---------------------------- Closing, Buyer shall deliver, on paper and on electronic media, a list of all Deferred Payment Receivables as of the close of business on the Closing, including amounts, account numbers and xxxx dates of each separate Deferred Payment Receivable. If not included on such list, the name, address and telephone number of the customer associated with each Deferred Payment Receivable shall be furnished to Seller promptly upon request. Seller will process and submit such Deferred Payment Receivables for payment to its account in accordance with its practices and policies (including deferred payment policies) as in effect immediately prior to the Closing, and will employ its customary collection practices in attempting to realize upon the Deferred Payment Receivables. (a) If merchandise giving rise to such a Deferred Payment Receivable is returned to Buyer prior to the xxxx date of the Deferred Payment Receivable, Buyer shall promptly notify Seller. Seller shall refrain from submitting such Deferred Payment Receivable for payment, and Buyer shall promptly pay to Seller an amount equal to such Deferred Payment Receivable. (b) If merchandise giving rise to such a Deferred Payment Receivable is returned to Buyer after the xxxx date of the Deferred Payment Receivable, any credit issued by Buyer shall be issued from Buyer's account. (c) If the issuing bank or other issuer refuses payment of a Deferred Payment Receivable (referred to as a "hard decline"), Seller shall bear such loss and may attempt to collect the amount of such Deferred Payment Receivable from the customer in accordance with its customary collection practices. (d) All "charge-backs" of Deferred Payment Receivables will be made by the issuing bank or other issuer to and against Seller's account. If Seller has received reasonable indication from the issuing bank, other issuer or the customer that such "charge-back" resulted from a return of merchandise, Buyer shall promptly pay to Seller an amount equal to such Deferred Payment Receivable. In addition, if and to the extent that the aggregate amount of all "charge backs" of Deferred Payment Receivables against Seller's account that have not been reimbursed by Buyer exceeds $250,000, Buyer shall promptly pay to Seller an amount equal to such excess.
Sample 1
Deferred Payment Receivables. As of the Initial Cutoff Date $582,305,485.60 total Principal Balance of Deferred Payment Receivables included in the Initial Receivables were Long Deferment Period Receivables. As of the related Subsequent Cutoff Date, all of the $222,347,151.43 Principal Balance of Subsequent Receivables to be purchased by the Purchaser from the Seller with funds deposited to the Pre-Funding and Reinvestment Account on the Closing Date are Long Deferment Period Receivables. No Deferred Payment Receivable is a Final Payment Receivable.
Sample 1
Deferred Payment Receivables. As of the Initial Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables were Long Deferment Period Receivables. As of the related Subsequent Cutoff Date, all of the $[ ] Principal Balance of Subsequent Receivables to be purchased by the Trust from the Seller with funds deposited to the Pre-Funding Account on the Closing Date are Long Deferment Period Receivables. No Deferred Payment Receivable is a Final Payment Receivable.]
Sample 1
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Deferred Payment Receivables. As of the Initial Cutoff Date $[ ] total Principal Balance of Deferred Payment Receivables included in the Initial Receivables had a first payment that, as of the date of inception of the Receivable, was deferred for _____ days.
Sample 1

Related to Deferred Payment Receivables

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Net Receivables Balance Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

  • Eligible Receivables Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date is an Eligible Receivable as of such date.

  • Collection of Receivable Payments; Modifications of Receivables (a) Consistent with the standards, policies and procedures required by this Agreement, the Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same shall become due, and shall follow such collection procedures as it follows with respect to all comparable motor vehicle receivables that it services for itself or others. The Servicer is authorized in its discretion to waive any prepayment charge, late payment charge or any other similar fees that may be collected in the ordinary course of servicing any Receivable. (b) Subject to Section 4.06, the Servicer may grant extensions, rebates, deferrals, amendments, modifications or adjustments on a Receivable in accordance with its customary servicing practices; provided, however, that if the Servicer (i) extends the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period prior to the Class C Stated Maturity Date or (ii) reduces the APR or unpaid principal balance with respect to any Receivable other than as required by applicable law, it will promptly purchase such Receivable in the manner provided in Section 4.07. (c) The Servicer may, but is not required to, make any advances of funds or guarantees regarding collections, cash flows or distributions. Payments on the Receivables, including payoffs made in accordance with the related documentation for such Receivables, shall be posted to the Servicer’s Obligor records in accordance with the principal, interest or other items in accordance with the related documentation for such Receivables. (d) Subject to the provisions of Section 4.02(b), the Servicer and its Affiliates may engage in any marketing practice or promotion or any sale of any products, goods or services to Obligors with respect to the Receivables so long as such practices, promotions or sales are offered to obligors of comparable motor vehicle receivables serviced by the Servicer for itself and others, whether or not such practices, promotions or sales might result in a decrease in the aggregate amount of payments on the Receivables, prepayments or faster or slower timing of the payment of the Receivables. (e) Notwithstanding anything in this Agreement to the contrary, the Servicer may refinance any Receivable and deposit the full Principal Balance of such Receivable into the Collection Account. The receivable created by such refinancing shall not be property of the Issuer. The Servicer and its Affiliates may also sell insurance or debt cancellation products, including products which result in the cancellation of some or all of the amount of a Receivable upon the death or disability of the Obligor or any casualty with respect to the Financed Vehicle. (f) Records documenting collection efforts shall be maintained during the period a Receivable is delinquent in accordance with the Credit and Collection Policy. Such records shall be maintained on at least a periodic basis that is not less frequent than as set forth in the Credit and Collection Policy, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment) in accordance with the Credit and Collection Policy.

  • Required Payments Unless otherwise provided in this Agreement, any payment of Tax required shall be due within 30 days of a Final Determination of the amount of such Tax.

  • Collection of Receivable Payments (a) The Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same shall become due, and shall follow such collection practices, policies and procedures as it follows with respect to comparable motor vehicle related receivables that it services for itself or others in connection therewith (the “Established Collection Procedures”). The Servicer is hereby authorized to grant extensions, modifications, amendments or adjustments on a Receivable (collectively, “Receivable Modifications”) without the prior consent of the Owner of such Receivable provided that such Receivable Modifications are Permitted Modifications (as defined below). The Servicer is not authorized and may not make any Receivable Modifications unless such Receivable Modifications are Permitted Modifications. “Permitted Modifications” mean any Receivable Modifications made pursuant to the Established Collection Procedures with respect to which at least one of the following conditions has been or will be satisfied: (i) the Receivable Modifications, individually and collectively, considering all Receivable Modifications proposed to be made to such Receivable, are ministerial in nature (such as, by way of example, the change of payment dates due from an Obligor to a different day in the month, waiver of any late payment charge, or waiver of other fees that may be collected in the ordinary course of servicing the Receivable); (ii) the Servicer, in response to a request made by an Obligor and pursuant to the Established Collection Procedures, provides for extensions of payments with respect to the related Receivable to the extent that the following conditions all apply: (a) such extensions will not exceed 90 days in the aggregate during any 12-month period; (b) such extensions will not exceed 180 days in the aggregate during the life of such Receivable; and (c) the Servicer believes that such extensions are appropriate or necessary to prevent the Receivable from going into default (or where such Receivable is already in default, to prevent the Receivable from becoming further impaired); (iii) the Servicer, in response to a request made by an Obligor, provides for modifications due to a long-term hardship with respect to a Receivable to the extent that the Servicer believes such modifications are necessary to preserve the property ownership of such Receivable and to prevent such Receivable from going into default (or where such Receivable is already in default, to prevent the Receivable from becoming further impaired) and such modifications align with applicable laws and regulations; (iv) the Servicer has delivered an opinion to the Issuing Entity to the effect that such Receivable Modifications will not cause the Issuing Entity to fail to qualify as a grantor trust for United States federal income tax purposes; (v) the Servicer amends or otherwise modifies any Receivable such that the Amount Financed or the number of originally scheduled due dates is altered or such that the last scheduled due date occurs after the Final Scheduled Distribution Date solely if, (a) in the judgment of the Servicer, pursuant to the Established Collection Procedures, it is reasonably foreseeable that the Obligor will default (it being understood that the Servicer may proactively contact any Obligor whom the Servicer believes may be at a higher risk of a payment default under the related Receivable) and (b) the Servicer believes that such amendment or modification is appropriate or necessary to preserve the value of such Receivable and to prevent such Receivable from going into default (or, where such Receivable is already in default, to prevent such Receivable from becoming further impaired), or (vi) the Servicer amends or otherwise modifies any Receivable in accordance with or in order to comply with applicable law (including regulatory guidance, and including the Servicemembers Civil Relief Act or similar applicable state law).

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

  • No Delinquent Receivables As of the Cutoff Date, no payment due under any Receivable was more than 30 days past due.

  • Delayed Payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

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