Manufacturer Receivable means an amount due from a Manufacturer or Auction dealer under a Vehicle Disposition Program in respect of or in connection with a Program Vehicle being turned back to such Manufacturer.

Manufacturer Receivable means an amount due from a Manufacturer under a Repurchase Program in respect of or in connection with a Group IV Repurchase Vehicle being turned back to such Manufacturer.

Manufacturer Receivable means any amount payable to a FleetCo by a Manufacturer in respect of or in connection with the disposition of a Program Vehicle; provided that, with respect to any outstanding Manufacturer Receivable payable to any FleetCo by Daimler AG, or to Spanish FleetCo by a Non-Accepting Entity (as defined in the Spanish Master Lease), such amount shall be reduced by any payables owing from such FleetCo to Daimler AG or such Non-Accepting Entity, respectively, pursuant to the terms of the related Manufacturer Program; provided further that, the maximum amount of any such reduction shall be the amount of such outstanding Manufacturer Receivable.

Examples of Manufacturer Receivable in a sentence

Description of the Transferred Receivables Pursuant to the Receivables Purchase Agreement, the FCT shall purchase (i) on the Series Closing Date, the Manufacturer Receivable and (ii) Eligible Receivables owing from Designated Dealers on each Purchase Date within the Replenishment Period in accordance with and subject to the provisions of the Receivables Purchase Agreement, as further set out in "Purchase and Servicing of the Receivables".
Each Receivable sold by the Seller to the FCT shall include, except for the Manufacturer Receivable, the Ancillary Rights of the Seller in relation to such Receivable.
The level of collections under the Transferred Receivables therefore may be affected by the Manufacturers' continuing ability to manufacture vehicles and to maintain franchise Dealer relationships, upon the Seller's ability to provide such financing, and by the Manufacturer’s ability to pay any amount due under the Manufacturer Receivable.
On the Series Closing Date only, the Seller shall offer to sell to the FCT the Manufacturer Receivable.
Purchase Price The Purchase Price for Transferred Receivables (and related AncillaryRights) (including, on the Series Closing Date, the Manufacturer Receivable) is the Discounted Value of the aggregate Receivable Balance of the Transferred Receivables being Invoice Receivables, Interest Receivables and Credit Line Receivables transferred on such date.

More Definitions of Manufacturer Receivable

Manufacturer Receivable has the meaning given to it in the applicable Series Supplement.

Manufacturer Receivable means an amount due from a Manufacturer, other than any Incentive Rebate Receivable or any Excluded Payment, or an auction dealer under a Manufacturer Program in respect of or in connection with a Program Vehicle disposed of in accordance with such Manufacturer Program.

Eligible Receivable means, at any time, a Receivable:
Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.
Eligible Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.
Manufacturer means the person or body who is responsible to the approval authority for all aspects of the type approval process and for ensuring conformity of production. It is not essential that the person or body is directly involved in all stage of the construction of the vehicle, system, component or separate technical unit which is the subject of the approval process.