Conveyed Receivable definition

Conveyed Receivable means each Receivable sold by an Originator to the SPV in accordance with Section 2.1.
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Conveyed Receivable means a Receivable Conveyed by Maxtor to the Purchaser pursuant to Section 2.1 hereof.
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Conveyed Receivable means a Dealer Receivable with respect to which the Ownership Interest of the Purchasers and the Retained Interest have been purchased by AGCO Finance in accordance with the provisions of the AGCO Finance Purchase Agreement.
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Examples of Conveyed Receivable in a sentence

  • Each Conveyed Receivable and Related Asset purchased hereunder shall be included in and become part of the Records.

  • Each Originator shall (i) at its own expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Conveyed Receivables in accordance with the Credit and Collection Policy; and (ii) timely and fully comply in all material respects with the Credit and Collection Policy in regard to each Conveyed Receivable and the related Contract.

  • Except as otherwise permitted in Section 7.2 of the Second Tier Agreement, no Originator shall extend, amend or otherwise modify the terms of any Conveyed Receivable, or amend, modify or waive any term or condition of any Contract related thereto.

  • Each Originator shall furnish to the SPV or any Managing Agent from time to time such information with respect to the Conveyed Receivables and the Related Assets as the SPV or such Managing Agent may reasonably request, including listings identifying the Obligor and the Unpaid Balance for each Conveyed Receivable.

  • Company may provide a refund of the transaction fee if no work or requested product or service has been completed.

  • Maxtor shall, on behalf of the Purchaser, at all times maintain a General Trial Balance which shall identify, as of the close of business on each Business Day, each Conveyed Receivable which remains outstanding.

  • Each Conveyed Receivable and the related Financed Assets conveyed to TRC III by TFC has been conveyed to TRC III free and clear of any Lien of any Person claiming through or under TFC or any of its Affiliates (other than Permitted Liens).

  • Upon such election, the applicable Originator shall deliver notice to the SPV and shall repurchase such Conveyed Receivable from the SPV, without recourse, representation or warranty, for a repurchase price (each, a “Repurchase Price”) equal to the fair market value of such Conveyed Receivables.

  • Each Conveyed Receivable represented to be an Eligible Receivable in any Master Servicer Report is an Eligible Receivable.

  • The Servicer shall not reschedule, revise or defer payments due on any Conveyed Receivable except in accordance with its customary practices for servicing dealer financing line of credit loans.