on a Receivable means the purchaser or co-purchasers of the Financed Vehicle and any other Person who owes payments under the Receivable.

on a Receivable means the payment required to be made by the Obligor during each Collection Period that is sufficient to amortize the related Principal Balance under the Simple Interest Method over the term of the Receivable and to provide interest at the related APR.

on a Receivable means that portion of the payment required to be made by the Obligor during the respective Collection Period sufficient to amortize the Principal Balance and to provide interest at the Note Rate.

Examples of on a Receivable in a sentence

The Servicer shall be authorized to grant extensions, rebates or adjustments on a Receivable without the prior consent of the Issuer.
As of the Cut-off Date, no Obligor on a Receivable is shown on the Receivable Files as the subject of a bankruptcy proceeding.
The Servicer shall also be entitled to that portion of interest due on a Receivable that is in excess of interest at the related APR and that is due because of a late Scheduled Payment, and other administrative fees or similar charges allowed by applicable law or the Receivable with respect to Receivables, collected (from whatever source) on the Receivables.
The Servicer shall not agree to any alteration of the interest rate on any Receivable and shall not agree to waive the repayment of the Amount Financed, or any portion thereof, on a Receivable.
Except as provided in Section 3.07(a)(iii), the Servicer is hereby authorized to grant extensions, rebates or adjustments on a Receivable without the prior consent of the Owner of such Receivable.

More Definitions of on a Receivable

on a Receivable means any Person who owes or may be liable for payments under such Receivable.

on a Receivable means the purchaser or the co-purchasers of the Financed Vehicle who owes payments under the Receivable. The phrase "payment made on behalf of an Obligor" shall mean all payments made with respect to a Receivable except payments made by BVAC, the Depositor or the Servicer.

on a Receivable means the Scheduled Principal Payment or Scheduled Interest Payment for such Receivable.

on a Receivable means the scheduled periodic payment of principal and interest required to be made by the Obligor.

on a Receivable means the purchaser or the co-purchasers of the Financed Vehicle or any other Person who owes payments under the Receivable. The phrase "payment TRUST AND SERVICING AGREEMENT

on a Receivable means the purchaser or co-purchasers of the Financed Boat and any other Person who owes payments under the Receivable.

on a Receivable means the sum, as of the close of business on the last day of a Collection Period, of all Advances as reduced by payments made as specified in Sections 5.04(a), 5.04(b) and 5.04(c), as applied to reimburse all unpaid Advances with respect to such Receivable.