Affected Receivables definition

Affected Receivables has the meaning ascribed to such term in Clause 5.7.
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Affected Receivables is defined in Section 7.8.
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Examples of Affected Receivables in a sentence

  • Affected Receivables has the meaning specified in clause 8.1 of the Warranty and Indemnity Agreement.

  • However, if the Seller elects to accept the Offer to Sell Back, it must pay an amount equal to the Repurchase Accrual Adjustment, as calculated by the Manager and notified to the Issuer and the Seller by no later than the Business Day prior to the relevant Settlement Date, for the Affected Receivables (which, for avoidance of doubt, may be included in the Settlement Amount).

  • VWFS acknowledges and agrees with the Purchaser that, if VWFS becomes aware of any Irregularity Affected Receivables in respect of a Monthly Period, such Irregularity Affected Receivables will be deemed to have breached the warranties and representations in Clause 9.1, whether or not such Irregularities occurred before or after the Additional Purchase Date upon which the warranties and representations in Clause 9.1 were made.

  • The Seller: (a) may accept the Offer to Sell Back by paying the Settlement Amount for the Affected Receivables to the Trustee on the relevant Settlement Date; and (b) if it does so, must also pay an amount equal to the Accrued Interest Adjustment for the Affected Receivables.

  • Unless such breach has been cured in all respects, on the next CM Reporting Date after the Collection Period in which such discovery or receipt of notice of breach occurred, the Seller will repurchase such Transferred Receivables (including the related Ancillary Rights and Vehicle Sale Proceeds Receivables) (the "Affected Receivables") in accordance with the Master Receivables Transfer Agreement at an amount equal to the aggregate Repurchase Price in respect of such Affected Receivables.

  • In such case, the Seller shall be obliged to pay, no later than the Purchase Date following the date on which the misrepresentation, the breach of Eligibility Criteria or the non-compliance with the applicable Concentration Limits and the Affected Receivables was notified, an amount equal to the Re- Purchase Price of the Affected Receivables.

  • If VWFS becomes aware of any Irregularity Affected Receivables in respect of a Monthly Period, such Irregularity Affected Receivables will be deemed to have breached the warranties and representations in relation to the Receivables, whether or not such Irregularities occurred before or after the Additional Purchase Date upon which the warranties and representations in relation to the Receivables were made.

  • Moreover, ADCB expressed concern that, because payments (so called “Affected Receivables”) from insurance providers were not being paid to Related DOCA Companies or were being delayed, “rather than being cash generative, the Group has a monthly net outflow due to the Affected Receivables, resulting in a deteriorating liquidity position month on month.

Related to Affected Receivables

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto:

  • Liquidated Receivable means any Receivable liquidated by the Servicer through the sale or other disposition of the related Financed Equipment or that the Servicer has, after using all reasonable efforts to realize upon the Financed Equipment, determined to charge off without realizing upon the Financed Equipment.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Defaulted Receivables means any Receivable (a) on which any installment is unpaid more than sixty (60) days past its original due date or (b) where the Servicer’s records show that the Obligor has suffered an Insolvency Event.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Eligible Receivables means Receivables arising in the ordinary course of Borrower's business from the sale of goods or rendition of services, which Silicon, in its sole judgment, shall deem eligible for borrowing, based on such considerations as Silicon may from time to time deem appropriate. Without limiting the fact that the determination of which Receivables are eligible for borrowing is a matter of Silicon's discretion, the following (the "Minimum Eligibility Requirements") are the minimum requirements for a Receivable to be an Eligible Receivable: (i) the Receivable must not be outstanding for more than 90 days from its invoice date, (ii) the Receivable must not represent progress billings, or be due under a fulfillment or requirements contract witx xxx Xxcount Debtor, (iii) the Receivable must not be subject to any contingencies (including Receivables arising from sales on consignment, guaranteed sale or other terms pursuant to which payment by the Account Debtor may be conditional), (iv) the Receivable must not be owing from an Account Debtor with whom Borrower has any dispute (whether or not relating to the particular Receivable), (v) the Receivable must not be owing from an Affiliate of Borrower, (vi) the Receivable must not be owing from an Account Debtor which is subject to any insolvency or bankruptcy proceeding, or whose financial condition is not acceptable to Silicon, or which, fails or goes out of a material portion of its business, (vii) the Receivable must not be owing from the United States or any department, agency or instrumentality thereof (unless there has been compliance, to Silicon's satisfaction, with the United States Assignment of Claims Act), (viii) the Receivable must not be owing from an Account Debtor located outside the United States or Canada (unless pre-approved by Silicon in its discretion in writing, or backed by a letter of credit satisfactory to Silicon, or FCIA insured satisfactory to Silicon), (ix) the Receivable must not be owing from an Account Debtor to whom Borrower is or may be liable for goods purchased from such Account Debtor or otherwise. Receivables owing from one Account Debtor will not be deemed Eligible Receivables to the extent they exceed 25% of the total Receivables outstanding. In addition, if more than 50% of the Receivables owing from an Account Debtor are outstanding more than 90 days from their invoice date (without regard to unapplied credits) or are otherwise not eligible Receivables, then all Receivables owing from that Account Debtor will be deemed ineligible for borrowing. Silicon may, from time to time, in its discretion, revise the Minimum Eligibility Requirements, upon written notice to Borrower.

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Review Receivables means those certain Receivables identified by the Servicer to the Asset Representations Reviewer following receipt of a Review Notice as not having been paid in full by the Obligor or purchased from the Issuer in accordance with the terms of the Basic Documents at or prior to the date of such Review Notice.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred, sold and/or pledged or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing (including, without limitation, lock-boxes, deposit accounts, records in respect of Receivables and collections in respect of Receivables).

  • Subject Receivables has the meaning assigned to such term in the Asset Representations Review Agreement.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Receivables Pool means, at any time, all of the then outstanding Receivables purchased or otherwise acquired by the Seller pursuant to the Purchase and Sale Agreement prior to the Facility Termination Date.