Transmission of Receivables Inforntation and Purchase Procedure Sample Clauses

Transmission of Receivables Inforntation and Purchase Procedure. 5.1 The Companies shall, at agreed intervals, deliver to TCFC a list (the "Receivables List") of Rcaivables being offered for sale to TCFC (which may be in the form of a facsimile transmission. Printed computer listing or an electronic computer file) identifying in a form acceptable to TCFC:
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Transmission of Receivables Inforntation and Purchase Procedure. 5.1 The Companies shall, at agreed intervals, deliver to TCFC a list (the "Receivables List") of Rcaivables being offered for sale to TCFC (which may be in the form of a facsimile transmission. Printed computer listing or an electronic computer file) identifying in a form acceptable to TCFC: (a) The amount of each Receivable in Pesos and/or in Dollars using the Conversion Factor (defined above); (b) The original selling terms on which the Receivables are owed including the maturity periods. (c) The Customer by whom they are payable; and (d) Other information as may be reasonably required by TCFC. The Companies shall also deliver to TCFC, upon request, at agreed intervals, a copy of the respective Company's credit file and such other relevant information as is reasonably requested, from time to time, by TCFC. 5.2 TCFC shall have the right to inspect and request copies of the Companies' records relating to such Receivables and any associated guarantees, invoices, delivery notes, original credit files or other documents or information at the Companies' offices during normal business hours of the Companies upon 2 days prior written notice from TCFC. 5.3 All records maintained by the Companies relating to the Receivables shall be clearly identifiable for audit purposes and may be inspected at any time by TCFC upon 2 days prior written notice from TCFC at the Companies' offices during normal business hours of the Companies. 5.4
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Related to Transmission of Receivables Inforntation and Purchase Procedure

  • Covenants for Reporting of Repurchase Demands due to Breaches of Representations and Warranties (a) The Owner Trustee will (i) in accordance with its obligations pursuant to Section 3.2 of the Sale and Servicing Agreement, provide prompt written notice upon the discovery of any breach of the Seller’s representations and warranties, (ii) no later than five (5) Business Days after the end of each calendar quarter, provide to the Servicer, GM Financial and the Seller, a notice in substantially the form of Exhibit C, or any other form agreed upon between the Owner Trustee and the Seller, which shall be deemed acceptable to the Seller unless the Seller notifies the Owner Trustee within five (5) Business Days of its receipt thereof, with respect to any requests (in writing or orally) for the repurchase of any Receivable pursuant to Section 5.1 of the Purchase Agreement or Section 3.2 of the Sale and Servicing Agreement received by a Responsible Officer of the Owner Trustee during the immediately preceding calendar quarter (or, in the case of the initial notice, since the Closing Date) and (iii) promptly upon reasonable written request by the Servicer, GM Financial or the Seller, provide to them any other information reasonably requested in good faith that is in actual possession of the Owner Trustee and necessary to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB.

  • Performance of Obligations; Servicing of Receivables (a) The Issuer will not take any action and will use its best efforts not to permit any action to be taken by others that would release any Person from any of such Person’s material covenants or obligations under any instrument or agreement included in the Trust Estate or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except in each case as expressly provided in the Basic Documents.

  • Administration and Servicing of Receivables SECTION 4.1

  • Communications Relating to Portfolio Securities Subject to the provisions of Section 2.3, the Custodian shall transmit promptly to the Fund for each Portfolio all written information (including, without limitation, pendency of calls and maturities of domestic securities and expirations of rights in connection therewith and notices of exercise of call and put options written by the Fund on behalf of the Portfolio and the maturity of futures contracts purchased or sold by the Portfolio) received by the Custodian from issuers of the securities being held for the Portfolio. With respect to tender or exchange offers, the Custodian shall transmit promptly to the Portfolio all written information received by the Custodian from issuers of the securities whose tender or exchange is sought and from the party (or his agents) making the tender or exchange offer. If the Portfolio desires to take action with respect to any tender offer, exchange offer or any other similar transaction, the Portfolio shall notify the Custodian at least three business days prior to the date on which the Custodian is to take such action.

  • Characterization of Receivables Each Receivable constitutes either “tangible chattel paper,” “electronic chattel paper,” an “account,” an “instrument,” or a “general intangible,” each as defined in the UCC.

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