Loan Receivable definition

Loan Receivable means the right to all repayments and other payments in respect of any and all advances extended from time to time before, on or after the date of this Agreement, by the Borrower to a Seller under a Loan Agreement that are owing to the Borrower (whether at stated maturity, by acceleration, or otherwise, according to the terms thereof).

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Loan Receivable means as to the Borrower or any of its Subsidiaries, any right to payment in respect of loans made by the Borrower or any Subsidiary to third-party purchases, customers or users of the Borrower’s or any Subsidiary’s product or customers of distributors of such products in the ordinary course of business (including in connection with any Foreign Customer Finance Program).

Loan Receivable means, as to each FCC Loan, all principal owing to the Borrower or a Guarantor (in its capacity as lender) under such FCC Loan, including without limitation, principal owing under (i) an Asset Based Loan (an “Asset Based Loan Receivable”), (ii) a Cash Flow Loan (a “Cash Flow Loan Receivable”) and (iii) a Second Lien Loan (a “Second Lien Loan Receivable”).

Examples of Loan Receivable in a sentence

• Each [Loan] [Receivable] and the sale or lease of the related Equipment complied in all material respects at the time it was originated or made and at the execution of this Agreement with all requirements of applicable federal, state and local laws and regulations thereunder.

• Each [Loan] [Receivable] represents the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with its terms.

• No provision of a [Loan] [Receivable], as of the Cut-off Date, has been waived, altered or modified in any respect, except pursuant to a document, instrument or writing included in the [Loan] [Receivable] Files and no such amendment, waiver, alteration or modification causes such [Loan] [Receivable] not to be an Eligible [Loan] [Receivable].

• No Obligor on any [Loan] [Receivable] as of the Cut-off Date was noted in the related [Loan] [Receivable] File as being the subject of a bankruptcy proceeding.

• None of the Equipment securing, or related to, any [Loan] [Receivable] is in repossession status.

More Definitions of Loan Receivable

Loan Receivable means any receivable arising under any loan granted by the loan by the Seller to an Underlying Debtor, together with any Ancillary Right.

Loan Receivable means any liability of a Dealer for:

Loan Receivable means any receivable owing by to the Seller under a Loan Agreement;

Loan Receivable means secured auto loan claims by the Originator against the relevant Obligor for the payment of principal and interest (including fees) under a Loan Agreement.

Loan Receivable has the meaning assigned to such term in Section 6.05(xvi).

Loan Receivable means the claims and rights relating to a Series Specific Loan.

Loan Receivable means a loan by Seller (a) to TTX UK in the approximate amount of $11,502,504 as of July 31, 2008, together with any further loans made thereafter pursuant to the terms of Section 6 of that certain Shareholders Agreement, dated as of April 8, 2002, by and among the Assignor, Philips Digital Networks B.V. and TTX UK, as amended, and (b) to TTX (US) in the amount of $7,655,089 as of July 31, 2008, together with any further loans made thereafter pursuant to the terms of Article XI of the Operating Agreement of TTX (US), dated as of January 1, 2003, by and between PENAC and the Seller.