Existing receivable definition

Existing receivable means a receivable that arises upon or before conclusion of the contract of assignment and “future receivable” means a receivable that arises after conclusion of the contract of assignment;

Existing receivable means, with respect to this Agreement, each Receivable sold or conveyed to CSI by the Seller pursuant to the Purchase and Contribution Agreement that is identified as such on Schedule VI hereto.

Existing receivable has the meaning assigned to it in the Receivables Sale and Assignment Agreement.

Examples of Existing receivable in a sentence

• The Borrower acquired the Existing Receivable Pool from ADT as the Originator pursuant to the Receivables Sale and Contribution Agreement dated as of April 17, 2020 (the “Existing Sale Agreement”) between the Borrower and the Originator.

• The term “Consumer Loan Documents” shall mean all promissory notes, chattel paper, retail installment contracts, security agreements or other similar documents, agreements, instruments and writings evidencing or securing an Existing Receivable which have been executed by an Account Debtor or any guarantor of the related Existing Receivable and are payable to, or in favor of, a Borrower.

• Each Borrower hereby collaterally assigns to Lender, all of such Borrower’s right and title to and interest in, to and under (but not any obligations under) the Consumer Loan Documents, Consumer Lease Documents and each Auto Title related to each Existing Receivable, each RTO Receivable and all other agreements, documents and instruments related to any of the foregoing (collectively, the “Assigned Documents”).

• Failure to deliver physical possession of any instruments, documents or writings in respect of any Existing Receivable to Lender (including the Custodian, as Custodian and bailee for the Lender) shall not invalidate Lender’s security interest therein.

• The term “Conversion Documents” shall mean the bxxx of sale, title application and power of attorney executed by the debtor of an Existing Receivable transferring the motor vehicle subject to an Existing Receivable to a Borrower and the lease for that motor vehicle executed by the debtor, forms of which have been provided to Lender.

More Definitions of Existing receivable

Existing receivable has the meaning set forth in the Preliminary Statements to the Agreement.

Existing receivable has the meaning set forth in Section 1.2(a).

Existing receivable means each Receivable that is purchased by the Agent hereunder on the Closing Date.

Existing receivable. As defined in the Sale Agreement.

Existing receivable. As defined in the background.

Existing receivable means an "EXISTING RECEIVABLE" under and as defined in the First Step Sale Agreement in which Seller now has or hereafter acquires any rights.

Existing receivable means each Receivable and the Related Security with respect thereto that existed as of the Original Closing Date and was unpaid and as to which the Trustee, on behalf of the Trust, reconveyed to Transferor all of the right, title and interest of the Trust in such Receivable pursuant to the Reconveyance Agreement.