Insolvency Proceeds definition

Insolvency Proceeds has the meaning specified in Section 10.1(b).

Insolvency Proceeds has the meaning given to such term in Section 10.02.

Insolvency Proceeds means any proceeds arising out of a sale, disposition or liquidation of Receivables (or interests therein) pursuant to subsection 9.02(a) of the Agreement.

Examples of Insolvency Proceeds in a sentence

• Any Insolvency Proceeds remaining after the deposits described above shall be paid to the Seller.

• The Insolvency Proceeds shall be allocated and distributed to Investor Certificateholders in accordance with Article IV and the terms of each Supplement and the Trust shall terminate immediately thereafter.

• The Trustee shall determine conclusively the amount of the Insolvency Proceeds which are deemed to be Finance Charge Receivables and Principal Receivables.

• On the Payment Date on which the Insolvency Proceeds are deposited in such Collection Account (or, if such proceeds are not so deposited on a Payment Date, on the Payment Date immediately following such deposit), the Servicer shall instruct the Indenture Trustee to allocate and apply the Insolvency Proceeds as if (and in the same order of priority as) the Insolvency Proceeds were Pledged Revenues being allocated and distributed on such date pursuant to this Pooling Agreement.

• To the extent that the product of (x) the portion of the Insolvency Proceeds allocated to Collections of Finance Charge Receivables and (y) the Floating Allocation Percentage with respect to the related Monthly Period exceeds the aggregate amount distributed to the Paying Agent pursuant to the preceding sentence, the excess shall be distributed to the Paying Agent for payment to the Collateral Interest Holder on such Distribution Date.

More Definitions of Insolvency Proceeds

Insolvency Proceeds shall have the meaning specified in Section 9.02(b).

Insolvency Proceeds has the meaning set forth in Section 6.01(b) of the Administration Agreement.

Insolvency Proceeds shall have the meaning set forth in Section 9.1(b) of this Agreement.

Insolvency Proceeds is defined in Section 9.1(b) of the Sale and Servicing Agreement.

Insolvency Proceeds means the proceeds, after all payments and reserves from the sale of the assets of the Trust upon the dissolution of the Trust because of an insolvency of the Seller.

Insolvency Proceeds shall have the meaning set forth in Section 9.01.

Insolvency Proceeds shall have the meaning specified in Section ------------------- 9.02