Discounted Receivable definition

Discounted Receivable means a Receivable that arises under a Contract pursuant to which the first installment payment thereunder is not required to be made prior to 120 days after the contract inception; provided that such Receivable shall cease to be a Discounted Receivable after the date 120 days after the contract inception and shall at all times thereafter be deemed to be a “Skip Receivable”; provided further, if the first six payments thereunder are made in full in consecutive months, such Receivable shall no longer be deemed to be a “Skip Receivable.”
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Discounted Receivable means each of the 14 Receivables that would have had an interest rate of less than 5.49% if not for the discounting of these Receivables by the Depositor as of the Cutoff Date.
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Discounted Receivable means a Subsequent Receivable that the Transferor discounts pursuant to Section 2.06.
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Examples of Discounted Receivable in a sentence

  • The Transferor shall have the option, on any Transfer Date, to discount any Subsequent Receivables being transferred to the Trust on such Transfer Date (any such Subsequent Receivable, a "Discounted Receivable") by indicating on the Schedule of Receivables the discounted Principal Balance and the discounted Scheduled Principal Payments of such Discounted Receivables and the APR of such Discounted Receivables after giving effect to such discount.

  • Class A Targeted Overcollateralization Amount means, on each Payment Date, the Class A Targeted Overcollateralization Percentage multiplied by the Discounted Receivable Balance.

  • Conclusion and final considerationsCurrent research brings important benefits to the development of e-books regarding the process of hearing the voice of users, main actor in this process.

  • AND PAYMENT 3 2.1 Aggregate Purchase Price and Payment 3 2.2 Final Determination of Net Discounted Receivable Amount or Net Discounted Payable Amount 4 2.3 Additional Consideration 5 2.4 Allocation of Aggregate Purchase Price 6 ARTICLE 3.

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  • The Discounted Receivable is being and will be paid as follows: (a) the Company has paid a cash payment, on or immediately prior to the Closing Date, equal to the full amount of the Company’s available cash; and (b) the Buyer shall cause the Company to pay the balance of the Discounted Receivable within a period of not more than 3 (three) Business Days following the Closing Date.

  • If the Servicer shall consent during any Monthly Period to any early termination of any Lease Contract prior to its scheduled expiration and shall receive an amount in respect thereof that is less than the Discounted Receivable Balance of such Contract plus accrued and unpaid interest thereon through the end of such Monthly Period, the Servicer shall deposit the amount of such shortfall to the Collection Account on the related Settlement Date.

  • Invoices are due for payment within 30 days of receipt without deduction, unless otherwise agreed in writing.

  • The Service Provider shall accept payment of the Discounted Receivable as payment in full for the Receivable.

  • Buyer hereby guarantees the Company’s obligation to make the payment of the Discounted Receivable pursuant to the payment terms and schedule described in Section 7.4, but subject to the provisions of Article 8, including without limitation, that it shall guarantee such payment even if the payment of the Discounted Receivable is ever challenged by a creditor, bankruptcy trustee or otherwise.


More Definitions of Discounted Receivable

Discounted Receivable means each of the 15 Receivables that would have had an interest rate of less than 5.49% if not for the discounting of these Receivables by the Depositor as of the Cutoff Date.
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Discounted Receivable means a Receivable that arises under a Contract that does not contain a stated rate of interest applicable to the Outstanding Balance of such Receivable.
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Discounted Receivable means a Finance Receivable originated by a Person other than the Borrower or one of its Subsidiaries which is acquired at less than face or par value and, at the time of acquisition, would have constituted a Non-Performing Asset.
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Discounted Receivable means each of the [_____] Receivables that would have had an interest rate of less than [_____]% if not for the discounting of these Receivables by the Depositor as of the Cutoff Date.]
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Related to Discounted Receivable

  • 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.

  • 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).

  • Defaulted Receivable means a Receivable:

  • Delinquent Receivable means any Receivable that is not a Liquidated Receivable and which the related Obligor fails to make at least 90% of the related Scheduled Receivables Payment by the date on which it is due and remains unpaid for more than sixty (60) days from the original payment due date.

  • Charged-Off Receivable means a Receivable: (i) as to which the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 9.1(d) (as if references to Seller Party therein refer to such Obligor); (ii) as to which the Obligor thereof, if a natural person, is deceased, (iii) which, consistent with the Credit and Collection Policy, would be written off Seller’s books as uncollectible or (iv) which has been identified by Seller as uncollectible.

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).

  • Eligible Receivable means, at any time, a Receivable: