Eligible Jump Receivable definition
Eligible Jump Receivable means each Receivable that has a Jump Contract associated therewith and as of any date of determination:
Eligible Jump Receivable means each Receivable that has a Jump Contract associated therewith and as of any date of determination: (a) the Jump Contract Feature has not yet been exercised by the related Obligor; (b) upon exercise by the Obligor of the Jump Contract Feature, the Third PartyJump Contract Payment Right will become due and owing and such Third PartyJump Contract Payment Right has been assigned to the Administrative Agent (for the benefit of the Owners); and (c) the related Jump Contract allows AssurantTMUS or its Affiliates to cancel the Obligor’s participation in the related upgrade program at any time at Assurant’sTMUS’s or its Affiliates’ sole discretion (if Assurant has been directed to do so by TMUSA pursuant to the terms specified in the Assurant Agreement). “Eligible Receivable” shall mean any Receivable, which (i) in the case of the Initial Receivables, as of the Original Closing Date, and, (ii) in the case of any Additional Receivable, as of the applicable Addition Date, meets the following criteria: (a) is payable in United States dollars; (b) has an Obligor who (i) has provided, as his or her most recent billing address, an address located in the United States or a military address and (ii) is not identified by ▇▇▇▇▇ in its computer files as being the subject of a voluntary or involuntary bankruptcy proceeding; (c) is not a Defaulted Receivable or Delinquent Receivable; (d) to ▇▇▇▇▇’▇ knowledge, such Receivable was not originated through fraud on the part of the related Obligor; (e) does not give rise to any claim against any government agency, including, without limitation, the United States or any state thereof, or any agency, instrumentality, or department thereof; (f) (i) has an original term of 25 months or less if it relates to an Accessory or Smart Watch; or (ii) has an original term of 37 months or less if it relates to a handset device; -18- ▇▇▇▇▇▇▇▇ T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398