Deemed Collections definition

Deemed Collections has the meaning set forth in Section 4.01(d).

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Deemed Collections means any Collections on any Receivable deemed to have been received pursuant to Section 2.9(a) or (b) hereof.

Deemed Collections has the meaning set forth in Section 1.4(e)(ii) of this Agreement.

Examples of Deemed Collections in a sentence

• Except as contemplated by the Transaction Documents, the Borrower will not incur or permit to exist any Debt or liability on account of deposits except: (i) the Aggregate Unpaids, (ii) any reimbursement obligations owed to Seller under the Purchase Agreement in respect of payments received in respect of Receivables for which the Borrower has received Deemed Collections and (iii) other current accounts payable arising in the ordinary course of business and not overdue.

• Section 1.1. The Facility 1 Section 1.2. Increases 2 Section 1.3. Reductions of Aggregate Principal 3 Section 1.4. Payment Requirements 4 Section 1.5. Deemed Collections 4 Section 1.6. Interest 4 Section 1.7. Inability to Determine Interest Rates; Benchmark Replacement Setting 5 Section 1.8. Loan Account; Evidence of Debt 10 Section 1.9. Defaulting Lenders 10 Section 1.10.

• The Borrower has not incurred any Debt or liability on account of deposits except: (i) the Aggregate Unpaids, (ii) any reimbursement obligations owed to Seller under the Purchase Agreement in respect of payments received in respect of Receivables for which the Borrower has received Deemed Collections and (iii) other current accounts payable arising in the ordinary course of business and not overdue.

More Definitions of Deemed Collections

Deemed Collections means the aggregate of all amounts Seller shall have been deemed to have received as a Collection of a Receivable. Seller shall be deemed to have received a Collection in full of a Receivable if at any time (i) the Outstanding Balance of any such Receivable is either (x) reduced as a result of any defective or rejected goods or services, any discount or any adjustment or otherwise by Seller (other than cash Collections on account of the Receivables) or (y) reduced or canceled as a result of a setoff in respect of any claim by any Person (whether such claim arises out of the same or a related transaction or an unrelated transaction) or (ii) any of the representations or warranties in Article V are no longer true with respect to any Receivable.

Deemed Collections means Collections deemed received by Seller under Section 1.4(a).

Deemed Collections means in connection with any Receivable, all amounts payable (without duplication) with respect to such Receivable, by (i) the Seller pursuant to Section 2.4 of the Purchase Agreement, and/or (ii) the initial Servicer pursuant to Section 2.02(f) or Section 2.08 of the Servicing Agreement.

Deemed Collections is defined in Section 1.5(c).

Deemed Collections means, on any day, the aggregate of all amounts Borrower shall have been deemed to have received as a Collection of a Transferred Loan. Borrower shall be deemed to have received a Collection in an amount equal to the unpaid balance (including any accrued interest thereon) of a Transferred Loan if at any time the Outstanding Loan Balance of any such Loan is either (i) reduced as a result of any discount or any adjustment or otherwise by Borrower (other than receipt of cash Collections) or (ii) reduced or canceled as a result of a setoff in respect of any claim by any Person (whether such claim arises out of the same or a related transaction or an unrelated transaction).

Deemed Collections is defined in Section 3.2(a).

Deemed Collections means Collections deemed received by the Borrower under Section 3.4.