Credit Card Receivable definition

Credit Card Receivable means Obligor Payments that are made via credit card with respect to an Eligible Solar Loan.

Credit Card Receivable means Host Customer Payments that are made via credit card.

Credit Card Receivable means the MasterCard or other successor network-branded credit card receivables, including the full cost of the goods or services purchased by a Credit Card Obligor and any accrued interest, and in which a 95.0% participation interest is sold to Today Card.

Examples of Credit Card Receivable in a sentence

• Each Pledgor shall keep and maintain at its own cost and expense materially complete records of each Credit Card Receivable, in a manner consistent with past practice, including, without limitation, records of all payments received, all credits granted thereon, all merchandise returned and all other documentation relating thereto.

• No Pledgor shall rescind or cancel any indebtedness evidenced by any Credit Card Receivable or modify any term thereof or make any adjustment with respect thereto, extend or renew any such indebtedness, compromise or settle any dispute, claim, suit or legal proceeding relating thereto, or sell any Credit Card Receivable or interest therein, except, in each such case, in the ordinary course of business consistent with past practice, without the prior written consent of the Collateral Agent.

• No Pledgor shall rescind or cancel any indebtedness evidenced by any Credit Card Receivable or modify any term thereof or make any adjustment with respect thereto, extend or renew any such indebtedness, compromise or settle any dispute, claim, suit or legal proceeding relating thereto, or sell any Credit Card Receivable or interest therein, except, in each such case, in the ordinary course of business consistent with past practice, without the prior written consent of the Agent.

More Definitions of Credit Card Receivable

Credit Card Receivable means a right to receive payment arising from a sale of merchandise or service by the Borrower or CPS pursuant to an arrangement with any Obligor pursuant to which such Obligor is obligated to pay for merchandise or service under a credit plan that permits the purchase of such merchandise and services on credit, and includes the right to payment of any interest or finance charges and other obligations of such Obligor with respect thereto.

Credit Card Receivable means, with respect to each Account, 100% of the right to receive payments from the related Obligor under the applicable Account Agreements and title thereto acquired from an Account Owner pursuant to the First Electronic Program Agreements or any Additional Bank Partner Originator Program Agreements.

Credit Card Receivable means each Payment Intangible, 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 Inventory by a Loan Party, or services performed by a Loan Party.

Credit Card Receivable means, with respect to any Account, any right to payment in respect of such Account, and includes any existing, as well as the right to payment or receipt of any future, finance charges, late fees, returned check fees and any and all other fees and charges and other obligations, including obligations of the Borrower with respect to, and all chargeback obligations for merchandise relating to, such Account. Each Credit Card Receivable includes all rights of Seller (and Company as its assignee) to payment under the related Account Agreement.

Credit Card Receivable or “Credit Card Receivables” means, collectively, each Account, together with all income, payments and proceeds thereof, owed to Borrower from any Credit Card Issuer or Credit Card Processor arising from the sale of goods or Inventory or the performance of services by Borrower to customers who have purchased such goods, Inventory or services using a credit or debit card, including, without limitation, all amounts at any time due or to become due from any Credit Card Issuer or Credit Card Processor under each Credit Card Agreement or otherwise.

Credit Card Receivable means "Receivables" as defined in the Converted Accounts Agreement. A Credit Card Receivable shall not include any rights in and to the underlying credit card account.

Credit Card Receivable means an indebtedness of any Person to any Seller and any right of any Seller to payment from or on behalf of such Person whether constituting an account, chattel paper, investment or general intangible, arising in connection with the sale of goods or the rendering of services by such Seller, including the right to payment of any interest, fees, finance charges or late payment charges and other obligations of such Person with respect thereto, which indebtedness may be paid by such Person to such Seller through the use of a credit card.