Common use of Delinquent Receivable Clause in Contracts

Delinquent Receivable. A Receivable (i) with respect to which payment of a required payment amount within $25 has not been received by the Servicer by the related payment due date as of the end of the related Monthly Period and (ii) that is not a Liquidating Receivable.

Delinquent Receivable. A Receivable (i) with respect to which payment of a required payment amount within $25 has not been received by the Servicer by the related payment due date as of the end of the related Monthly Period and Period, (ii) that is not a Liquidating ReceivableReceivable and (iii) that is not a Receivable the related Obligor of which is subject to bankruptcy.