Designated Receivable definition

Designated Receivable means each Receivable that is described in a Specification notified to the Purchaser by the Seller pursuant to Section 2.2.

Designated Receivable in Section 1.1 of the Agreement is amended to read as follows:

Designated Receivable means any Purchased Receivable which:

Examples of Designated Receivable in a sentence

NFC shall indemnify NFRRC for any liability as a result of the failure of a Designated Receivable to be originated in compliance with all requirements of law and for any breach of any of its representations and warranties contained herein.
No right of rescission, setoff, counterclaim or defense has been asserted or threatened with respect to any Designated Receivable.
Each Designated Receivable was originated in the United States and is payable in U.S. Dollars.
There is only one original executed copy of each Designated Receivable.
It is understood and agreed that the obligation of NFC to repurchase any Designated Receivable as to which a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against NFC for such breach available to NFRRC or any Interested Party.

More Definitions of Designated Receivable

Designated Receivable means the Insurance Receivable or the Pakistani Receivable.

Designated Receivable means all indebtedness and other obligations (i) arising from the sale of goods or the provision of services by an Originator to General Motors Corporation or any of its subsidiaries arising on or after May 8, 2006, (ii) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC at or from the facility located at 100 Xxxxxxx Xxxxx, Pulaski, Tennessee, in respect of which an invoice is issued for the first time after September 29, 2006, (iii) arising from the sale of goods or the provision of services by an Originator to Ford Motor Company or any of its subsidiaries arising on or after November 6, 2006, (iv) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC or by Meritor Heavy Vehicle Systems, LLC at or from the facilities located at 200 Xxxxx Xxxxxx Xxxxx, Dexter, Missouri, 600 Xxxxx Xxxxxxxxx, Xxxxxxxx, Xxxxxxx, or 900 Xxxx Xxxx 000 Xxxxx, Xxxxxxxx, Xxxxxxx, in respect of which an invoice is issued for the first time after February 4, 2007, (v) arising from the sale of goods or the rendition of services by ArvinMeritor Emissions Technologies Spartanburg, Inc. at or from the facility located at 2651 New Cut Road, Spartanburg, South Carolina, in respect of which an invoice is issued for the first time after February 4, 2007, (vi) arising from the sale of goods or the rendition of services by ArvinMeritor Assembly, LLC at or from the facility located at 20000 Xxxxxxxxx Xxxx, Xxxxxx, Xxxxxxxx in respect of which an invoice is issued for the first time after February 4, 2007; and (vii) arising from the sale of goods or the provision of services by an Originator to Chrysler Holdings LLC or any of its subsidiaries arising on or after March 31, 2008.

Designated Receivable means all indebtedness and other obligations (i) arising from the sale of goods or the provision of services by an Originator to General Motors Corporation or any of its subsidiaries arising on or after May 8, 2006, (ii) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC at or from the facility located at 181 Bennett Drive, Pulaski, Tennessee, in respect of which an invoice is issued for the first time after September 29, 2006, (iii) arising from the sale of goods or the provision of services by an Originator to Ford Motor Company or any of its subsidiaries arising on or after November 6, 2006, (iv) arising from the sale of goods or the rendition of services by ArvinMeritor OE, LLC or by Meritor Heavy Vehicle Systems, LLC at or from the facilities located at 201 North Harris Drive, Dexter, Missouri, 601 South Gladstone, Columbus, Indiana, or 950 West Road 450 South, Columbus, Indiana, in respect of which an invoice is issued for the first time after February 4, 2007, (v) arising from the sale of goods or the rendition of services by ArvinMeritor Emissions Technologies Spartanburg, Inc. at or from the facility located at 2651 New Cut Road, Spartanburg, South Carolina, in respect of which an invoice is issued for the first time after February 4, 2007, (vi) arising from the sale of goods or the rendition of services by ArvinMeritor Assembly, LLC at or from the facility located at 24850 Northline Road, Taylor, Michigan in respect of which an invoice is issued for the first time after February 4, 2007; (vii) arising from the sale of goods or the provision of services by an Originator to Chrysler Holdings LLC or any of its subsidiaries arising on or after March 31, 2008; and(viii) arising from the sale of goods or the provision of services by ArvinMeritor BDDB01 5246199v1 OE, LLC in respect of which an invoice is issued for the first time after June 1, 2008.

Designated Receivable means any Eligible Receivable that has been validly transferred by the Seller to TTSA and further validly transferred by TTSA to the Issuer.

Designated Receivable means a Purchased Receivable identified by the Seller to Triple-A as a "Designated Receivable" pursuant to Section 2.02 of the Triple-A Purchase Agreement.

Designated Receivable means a Receivable purchased by the --------------------- Transferor from a Seller pursuant to the Receivables Purchase Agreement to which such Seller is a party. When used with respect to a particular Purchase Date, the term "Designated Receivable" means a Receivable so purchased on that Purchase Date.

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