Disputed Receivable definition
Disputed Receivable means any Purchased Receivable in respect of which payment is not made and disputed by the Debtor (other than where the Servicer has given written notice, specifying the relevant facts, to the Issuer that, in its reasonable opinion, such dispute is made because of the inability (Bonitätsrisiko) of the relevant Debtor to pay), whether by reason of any matter concerning the Financed Vehicles or by reason of any other matter or in respect of which a set-off or counterclaim is being claimed by such Debtor;
Disputed Receivable means any Purchased Receivable in respect of which payment is disputed (in whole or in part, with or without justification) by the Debtor owing such Receivable, whether by reason of any matter concerning the goods in respect of which the original invoice was issued or by reason of any other matter whatsoever or in respect of which a set-off or counterclaim is being claimed by such Debtor; DKK means the lawful currency of Denmark;
Disputed Receivable means, any Receivable under the Medicare, Medicaid or CHAMPUS/VA program as to which any payment, or part thereof, remains unpaid for 270 days or more from the original due date.
Examples of Disputed Receivable in a sentence
If the relevant Disputed Receivable is overdue, such period shall not exceed thirty (30) calendar days after its due date.
At the end of such period and in case of non payment, a Disputed Receivable shall be deemed a Non-Approved Receivable.
Without prejudice to the foregoing, the relevant French Seller shall be entitled, at any time, to request that a Disputed Receivable be Transferred Back pursuant to the procedure set forth in Clause 5.7 below.
The Seller shall not initiate, or threaten to initiate, any legal proceedings against a Customer who is the obligor of a Disputed Receivable to collect such Disputed Receivable until at least 15 Business Days following the date of the notice of the Disputed Receivable.
Any Receivable not fully paid by a Customer by the date that is 25 days after the date that such Receivable is due may be deemed by the Seller or the Purchaser, upon written notice thereof, to the other party to be a Disputed Receivable.
More Definitions of Disputed Receivable
Disputed Receivable. A Receivable (other than a Delinquent Receivable, a Defaulted Receivable or a Receivable subject to a Contractual Dilution), as to which, in the reasonable good faith judgment of the Originator, the Seller or the Servicer (which shall be exercised in the ordinary course of business), the Unpaid Balance thereof has been reduced (or should be reduced) on account of any performance failure on the part of the Originator, the Seller or the Servicer. For the avoidance of doubt, (i) any reference in this Agreement or any other Transaction Document to the amount of any Disputed Receivable shall be to the greater of the reduction that may apply to such Receivable and the accrual or reserve established by the Originator, the Seller, the Servicer or the SPV, as applicable, in respect of any such reduction and (ii) Disputed Receivable does not include any reduction in the Unpaid Balance of any Receivable to the extent such reduction is a Dilution. Dollar or $: The lawful currency of the United States.
Disputed Receivable means, with respect to any Transferred Receivable, a refusal to pay by a Debtor of all or part of the net amount of a Transferred Receivable to a French Seller on the Collection Account, for a reason other than (i) its “insolvency” (as such term is defined in the Credit Insurance Policy) or (ii) all amounts already taken into account into the Specific Reserve. Such Transferred Receivable shall be deemed to be a “Disputed Receivable” up to the relevant amount so disputed.
Disputed Receivable means any Receivable the Obligor of which has failed or refused to pay solely by reason of a bona fide dispute between any Originator or any Affiliate thereof and the Obligor thereon relating to the goods or services the sale of which shall have given rise to such Receivable, or relating to the performance by any Originator or any Affiliate thereof of any of its obligations to the Obligor under the Contract relating to such Receivable, as distinguished in each case from any inability to pay or lack of creditworthiness on the part of such Obligor.
Disputed Receivable means as of any Settlement Report Date, the Receivables shown as such on the Seller's books and records (and that are not otherwise Defaulted Receivables).
Disputed Receivable means a Receivable (or any part thereof) or a SPV Receivable (or any part thereof) in respect of which the obligation to pay is either booked or quali- fied as disputed (other than for reason of a Debtor’s inability to pay) (with or without justification) by the Debtor owing such Receivable or SPV Receivable or in relation to which any court in any instance has ruled that an obligation to pay does not exist as an unconditionally enforceable obligation by reason of any matter whatsoever or in respect of which a set-off, counterclaim or any retention right or right to contest, rescind or otherwise challenge exists or is being claimed by such Debtor;
Disputed Receivable means a Receivable as to which the Debtor has communicated a Claim to a Seller or the Purchaser.
Disputed Receivable means any Purchased Receivable in respect of which payment is not made and disputed by the Debtor (other than where the Servicer has given written notice, specifying the relevant facts, to the Issuer that, in its reasonable opinion, such dispute is made because of the inability