Indemnified Receivable definition

Indemnified Receivable. A Receivable for which the Servicer is obligated to indemnify for an Actual Loss Amount pursuant to Section 2.6 of the Servicing Agreement.
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Examples of Indemnified Receivable in a sentence

  • Unless such breach shall have been cured in all material respects by the thirtieth (30th) day following such discovery or receipt of notice of such breach, such Receivable shall become an Indemnified Receivable and the Servicer shall make an Actual Loss Payment (if any) in accordance with Section 3.3(a).

Related to Indemnified Receivable

  • Excluded Receivable means any Receivable (without giving effect to the exclusion of “Excluded Receivables” from the definition thereof)

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Indemnified Amounts The meaning specified in Section 10.1(a).

  • Indemnified Liability means any and all claims, damages, liabilities, costs, losses, and expenses (including reasonable attorneys’ fees and all related costs and expenses) arising from or relating to any claim, suit, proceeding, demand, or action brought by an Indemnified Party against you or a third party or other User.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Indemnified Liabilities has the meaning specified in Section 10.05.

  • Indemnified Costs has the meaning specified in Section 8.05(a).