Examples of Adjusted Eligible Receivables in a sentence
If, at any time, the Servicer has the ability to identify and segregate Collections relating to Receivables other than Adjusted Eligible Receivables, the Servicer shall have the right to withhold or withdraw such Collections from the Collection Account; provided that each Rating Agency confirms in writing that the adoption of such servicing procedures will not result in such Rating Agency reducing or withdrawing its rating on any outstanding Series or the Commercial Paper.
Amended and restated Schedule of Definitions Adjusted Eligible Receivables Balance means, as of each Monthly Reporting Date, an amount equal to: A – (B + C) where: A is the Eligible Receivables Balance; B is the Unpaid Balance of all Receivables that were Eligible Receivables at the time of their Transfer pursuant to the Receivables Transfer Agreement but have thereafter become Defaulted Receivables; and C is the aggregate of all Employer Advances.
The Servicer will allocate, pay or deposit all Collections with respect to the Receivables (all of which Collections, subject to Section 4.09, shall be deemed to relate to, and to be received with respect to, Adjusted Eligible Receivables) for each Business Day as described in this Article IV.
In the absence of such instructions, all Collections shall be deemed to relate to, and be received with respect to, Adjusted Eligible Receivables.