Existing Receivables definition

Existing Receivables means as of any day, the Gross Receivables purchased by Bank on the Closing Date pursuant to the Purchase Agreement that remain outstanding.

Existing Receivables means the Receivables that become a part of the Collateral in connection with the Initial Loan.

Existing Receivables on the Effective Date, the collective reference to the outstanding "Purchased Receivables" under and as defined in the Existing Agreements.

Examples of Existing Receivables in a sentence

• With respect to the Existing Receivables, the capacity of the Servicer shall be a continuation by Raytheon Credit of its capacity as Servicer under and as defined in each of the Existing Agreements.

• Borrower hereby reconfirms its grant of a Lien for the benefit of the Secured Parties in the “Borrower Collateral” under, and as defined in, the Existing Receivables Funding Agreement, and confirms that such Lien has been granted to secure the Borrower Obligations, which include the “Borrower Obligations” under, and as defined in, the Existing Receivables Funding Agreement.

• From and after the Restatement Effective Date all references made to the Existing Receivables Purchase Agreement in any Transaction Document or in any other instrument or document shall, without further action, be deemed to refer to this Agreement.

• This Agreement amends and restates the Existing Receivables Purchase Agreement and is not intended to be or operate as a novation or an accord and satisfaction of the Existing Receivables Purchase Agreement or the obligations and liabilities of Seller evidenced or provided for thereunder.

• Upon the effectiveness of this Agreement (the “Effective Date”), each reference to the Existing Receivables Purchase Agreement in any other document, instrument or agreement executed and/or delivered in connection therewith shall mean and be a reference to this Agreement.

More Definitions of Existing Receivables

Existing Receivables means all Receivables which are specified by (or on behalf of) the Sellers (i) in the initial Letter of Offer as being in existence in respect of Designated Account Debtors as at the Initial Reference Date and (ii) in any subsequent Letter of Offer, as being in existence in respect of Additional Designated Account Debtors as at the Reference Date immediately preceding the Offer Date in respect of such Letter of Offer.

Existing Receivables means all Receivables which are specified by (a) each Transferor or any Additional Transferor in an Initial Offer as being in existence under the Designated Accounts on the Cut-off Date with respect to the Initial Offer Date and with respect to Designated Accounts comprised in such Offer or (b) each Transferor or any Additional Transferor in a subsequent Offer as being in existence under the Designated Accounts comprised in such Offer on the Addition Date relating thereto;

Existing Receivables. As defined in the Receivables Sale Agreement.

Existing Receivables. As defined in Section 2(a)(i).

Existing Receivables means as of the Program Purchase Date or the other purchase date with respect thereto contemplated by this Agreement, the Gross Receivables purchased by Bank on the Closing Date pursuant to the Purchase Agreement that remain outstanding on such date.

Existing Receivables means, as applicable, (i) as of the Closing Date, the Cardholder Indebtedness purchased by the Bank on the Closing Date pursuant to the Purchase Agreement, or (ii) as of the Program Purchase Date, the Cardholder Indebtedness purchased by the Bank on the Closing Date pursuant to the Purchase Agreement that remains outstanding on the Program Purchase Date, excluding any amounts that have been charged off in accordance with the Risk Management Policies.

Existing Receivables means as of any day, the gross receivables purchased by the Bank on the Chase Closing Date pursuant to the Chase Purchase Agreement that remain outstanding.