English Receivable definition

English Receivable means a Purchased Receivable that is governed by English law.
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English Receivable means a Receivable in respect of a contract entered into between an English Originator and an Obligor; English Receivables Sale Contract means each contract concluded for the sale of English Receivables between an English Originator and the European Receivables Warehouse Company arising from due acceptance of an English Originator Offer to Sell and incorporating the English Standard Terms and Conditions; English Standard Terms and Conditions means the standard terms and conditions to be expressly and specifically incorporated into any contract in respect of an English Receivable concluded by acceptance of any English Originator Offer to Sell or any European Receivables Warehouse Company Offer to Sell, signed on the MTN Closing Date for the purposes of identification by Freshfields Bruckhaus Xxxxxxxx and Linklaters;
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English Receivable means any Receivable governed by the laws of England and Wales.
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Examples of English Receivable in a sentence

  • The European Receivables Warehouse Company shall also be entitled (if it so elects and in or towards satisfaction of the relevant English Originator’s obligations) to set-off against the Purchase Price or any part of it any stamp duty (or any other similar tax or duty on documents or the transfer of title to property) on any assignment of an English Receivable which has not been paid by the relevant English Originator.

  • The consideration payable by the European Receivables Warehouse Company to the relevant English Originator in respect of the purchase of the benefit of each English Receivable, and the consideration payable by the European Master Purchaser to the European Receivables Warehouse Company in respect of the purchase of the benefit of each English Receivable, shall (subject to the provisions below) be the Purchase Price, which shall be payable in instalments in accordance with Clause 4.

  • The European Receivables Warehouse Company and the European Master Purchaser agree that in the event that any amounts are received from an Obligor in respect of an English Receivable which becomes a Securitised European Receivable between the date on which the Invoices File in respect thereof was delivered to the European Master Purchaser pursuant to Clause 2.2 and the Purchase Date in respect thereof, such amounts will be for the account of the European Master Purchaser.

  • The European Receivables Warehouse Company shall not be obliged to pay any sum to the English Originators in respect of the Purchase Price of an English Receivable or Surplus Discount except as provided for in Clause 3 or this Clause 4.

  • The assignment in respect of each English Existing Receivable, each English Existing New Receivable and each English Future Receivable hereunder shall take effect, upon Acceptance by the Purchaser, on and from the relevant Purchase Date irrespective of when the Purchase Price for such English Receivable is paid.

  • The European Receivables Warehouse Company shall not be entitled to accept any English Originator Offer to Sell in respect of any English Receivable unless the European Master Purchaser has accepted the related European Receivables Warehouse Company Offer to Sell and has confirmed that it will have sufficient funds available to it in Sterling to pay the relevant Initial Purchase Price for those English Receivables.

  • Any reference to an "Eligible Receivable" or "Seller" in the Master Framework Agreement as incorporated into this Agreement shall read and be construed as a reference to an "English Receivable" or "English Seller", as applicable.

  • The sale and purchase of the benefit of an English Receivable shall, subject to Clause 2.8, be perfected by a written assignment of the European Receivables Warehouse Company’s right, title, interest and benefit in and to such English Receivable derived from the relevant Contract and specified in an Invoice and which complies with section 136 of the Law of Property Act 1925 in favour of the European Master Purchaser.

  • The European Master Purchaser shall not be obliged to pay any sum to the European Receivables Warehouse Company in respect of the Purchase Price of an English Receivable or Surplus Discount except as provided for in Clause 3 or this Clause 4.

  • If a Purchased Receivable is an English Receivable, these Terms and Conditions shall be subject to the provisions set out in the Schedule 2 (English Receivables).


More Definitions of English Receivable

English Receivable means a Receivable in respect of a contract entered into between an English Originator and an Obligor;
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English Receivable means a Receivable owed from a Funding Source based in England or Wales or which arises under a contract governed by the law of England and Wales.
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English Receivable means an Eligible Receivable (and its Ancillary Rights) which is offered for sale by the English Seller in accordance with and pursuant to this Agreement; "English Excess Receivables" means an English Receivable which is an Excess Receivable; "English Existing Receivable" means an English Receivable which is an Existing Receivable; "English Existing New Receivable" means an English Receivable which is an Existing New Receivable; "English Future Receivable" means an English Receivable which is a Future Receivable; "English Retransferred Receivable" means an English Receivable which is a Retransferred Receivable; "Form of Assignment" means the form of assignment to be delivered by the Centralising Agent (on behalf of the English Seller) to the Programme Agent (on behalf of the Purchaser) in substantially the form set out in Error! Reference source not found. (Error! Reference source not found.); "Notification Letter" means, with respect to the English Seller, a notification letter to be addressed to the relevant Debtor in substantially the form set out in Error! Reference source not found. (Error! Reference source not found.); "Optional Repurchase Price" has the meaning given to it in Clause 10.4 (Optional Repurchase); "Optional Repurchase Date" has the meaning given to it in Clause 10.4 (Optional Repurchase); "Purchase Date": (a) in respect of an English Existing Receivable or an English Existing New Receivable, has the meaning given to it in the Master Framework Agreement; (b) in respect of an English Future Receivable, means the date on which the invoice for the relevant English Future Receivable is issued; and (c) in respect of an English Receivable that qualifies as an English Existing Receivable and English Existing New Receivable and which has not been assigned to the Purchaser as an English Future Receivable on a preceding Monthly Reporting 4
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Related to English Receivable

  • 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.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • 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:

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto:

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.